In article
,
Ciccio wrote:

Yep, those were the days alright... Now, so many over-50's have had
their retirement accounts ravaged, their home equity gone deeply into
the red, if not their home's loss completely, and face a dismal job
market competing with 30-somethings, and are only a few years away
from, what used to be, a normal retirement age. So, they're are really
pinching pennies and squeezing nickels. Fortunately, I guessed right
in major matters. Thus, so far-so good [knock wood] but I am even
nervous of letting go of my money like I used to.

It doesn't matter how much you may have, no one wants to see the state
draining one's life savings. California is throwing money down the
toilet. How many taxpayers does it take now to support one former
state-employed retiree (since the crash)? It would appear that anyone
with any money left at all is going to be taxed up to his eyes.

An over-50 buddy of mine told me he bought a yacht a few months ago.
I told him I hadn't heard that. He replied that he had really been
down playing it, because of the hard times the other over-50's friends
have been having and it was too awkward to bring it up.

Those who have nurtured a nest egg frequently find themselves resented
by those who haven't bothered.

--
John Higdon
+1 408 ANdrews 6-4400
AT&T-Free At Last