Seattle is Dying
Mar 22nd 2019, 6:48 pm
#31
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Re: Seattle is Dying
We have thought about buying an old RV and living in it. We pay below market rent for our unit compared to comparable units in the area, but its still 21,000 a year, on a 33,000 income, can get a used RV for around 2-3 months rent, insurance and gas isn't too bad, and well its cheaper then 21,000 a year for rent.
The much bigger issue coming in now is not the working poor, it will be the retired poor, well I have opened up things well beyond substance issues so lets go for it.
Mar 22nd 2019, 6:48 pm
#32
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Re: Seattle is Dying
https://www.dailymail.co.uk/news/art...elessness.html I do not want to get off topic but as the housing crisis was mentioned which is a much more difficult issue, here coincidentally is a story from today about LA.
Little political will apart from increased taxes which get siphoned off for other demographics and their 'advocates'.
Mar 22nd 2019, 6:59 pm
#34
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Re: Seattle is Dying
We will never retire, let alone have that much in assets, pensions are largely a thing of the past, closest is RRSP but I haven't worked for an employer (being low skill) who contributed any amount to one, and I never had the income where I could save, so work until death and if I can't work any longer, live on whatever CPP pays, if I need more in-depth care like a care home, well that will be up to the government to deal with. We never had kids, so wont have any family to assist us in old age.
My dad got a nice pension from his work (school district), retired at 58, makes more retired then I ever did working full-time lol
Mar 22nd 2019, 7:02 pm
#35
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Re: Seattle is Dying
In the process of trying to update my previous post, I deleted it, hence why the quoted comment is gone.
We will never retire, let alone have that much in assets, pensions are largely a thing of the past, closest is RRSP but I haven't worked for an employer (being low skill) who contributed any amount to one, and I never had the income where I could save, so work until death and if I can't work any longer, live on whatever CPP pays, if I need more in-depth care like a care home, well that will be up to the government to deal with. We never had kids, so wont have any family to assist us in old age.
My dad got a nice pension from his work (school district), retired at 58, makes more retired then I ever did working full-time lol
We will never retire, let alone have that much in assets, pensions are largely a thing of the past, closest is RRSP but I haven't worked for an employer (being low skill) who contributed any amount to one, and I never had the income where I could save, so work until death and if I can't work any longer, live on whatever CPP pays, if I need more in-depth care like a care home, well that will be up to the government to deal with. We never had kids, so wont have any family to assist us in old age.
My dad got a nice pension from his work (school district), retired at 58, makes more retired then I ever did working full-time lol
My Parents may have been able to work until late 60's not sure, not beyond that.
Mar 22nd 2019, 7:28 pm
#36
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Re: Seattle is Dying
My mom still works, she is 61. My dad just had no reason to keep working, so he retired, why keep working if you don't need to. Benefit to working for a government entity for 37 years, decent retirement.
Last edited by scrubbedexpat091; Mar 22nd 2019 at 7:32 pm.
Mar 22nd 2019, 7:41 pm
#37
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Re: Seattle is Dying
My Grandfather worked well into his 70's and then lived another 20 years.
But thinking back they had a very simple life, no car no phone etc.
But thinking back they had a very simple life, no car no phone etc.
Mar 22nd 2019, 8:06 pm
#38
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Re: Seattle is Dying
We're 'comfortable' but I don't think I'll retire. I'm fortunate enough to attend conferences all over the place, which I enjoy.
We don't have children so it'll be getting left as trust funds for education and research.
Feminist writing and interstellar propulsion research.
We don't have children so it'll be getting left as trust funds for education and research.
Feminist writing and interstellar propulsion research.
Last edited by Hotscot; Mar 22nd 2019 at 8:35 pm.
Mar 22nd 2019, 8:09 pm
#39
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Re: Seattle is Dying
Writing and Feminist Interstellar Propulsion.
Mar 22nd 2019, 8:13 pm
#40
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Re: Seattle is Dying
I understand the difference between 'average' and 'mean', and I know they can be quite different. But are you really saying the average is $1m but the mean is $100,000 ? Do you have a source for that?
Mar 22nd 2019, 8:16 pm
#41
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Re: Seattle is Dying
Mar 22nd 2019, 8:19 pm
#42
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Re: Seattle is Dying
11 minutes in.
You may need a stiff drink.
Mar 22nd 2019, 8:31 pm
#43
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Re: Seattle is Dying
Just saw an article a few days ago where a recent rule change will now allow companies to buy out their older defined benefit pension plans. It’s voluntary but the fear is companies will make low offers and people will take the cash which will be much less than they would have gotten. Probably spend it now and really be in trouble at retirement.
Mar 22nd 2019, 8:39 pm
#44
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Re: Seattle is Dying
Just saw an article a few days ago where a recent rule change will now allow companies to buy out their older defined benefit pension plans. It’s voluntary but the fear is companies will make low offers and people will take the cash which will be much less than they would have gotten. Probably spend it now and really be in trouble at retirement.
You can not cash out in the UK.
Tricky one, watch the video... And I have this conversation, none of us know how long we will live, do you live comfortably and worry about what happens in your great age if you make it later, or scrape by on the basis you will live to 100?
Mar 22nd 2019, 8:55 pm
#45
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Re: Seattle is Dying
