Worried about retirement - page 3

I've worked for 24 years at the same hospital, so I built quite a reasonable pension, but still. I'm divorced so I'll have to pay everything myself. So when do I retire? Any other women inhere with... Read More

  1. by   gerry79
    I have it all figured out! I will work at a LTC facility until I am 80, move in and work for room and board for my wife and I.
  2. by   llg
    Quote from zambezi
    So what is the best way to put money away for retirement...I have to admit, I am soooo bad with my knowledge in this area...since I am young, I have alot of time...but like all of you, I am sure that I will be working into my 60s-70s...I've got a long way to go...Currently, I am putting about about 8% (I actually can't remember now...) percent of each paycheck into a 403B and my employer is matching up to 6%...so I have that...I started when I was 23...Social security will probably be quite different by the time I can use it (or the age limit will be >70...)...Any other ideas that have worked for anyone out there??
    While I am a nurse -- and not a professional financial advisor -- I have tried to educate myself about these things over the years so that I would take good care of myself. It seems to me that you are doing a wonderful job. You are doing what all the financial advisors say that you should do -- put aside some money in a tax deferred plan (e.g. 403B) and take full advantage of the opportunity to get a matching contribution from your employer. That's terrific. Good for you! Keep it up and you will be fine.

    llg
  3. by   leslie :-D
    chris at lucas!!

    i definitely think you should get a financial advisor, or write to susie in the oprah magazine. i'm being quite serious. women definitely need to know how to protect themselves in this still dominated male world.

    leslie
  4. by   hipab4hands
    Quote from warrior woman
    Retirement?? What the hell is THAT??
    I think it's something that people who work for 20 years or more for the same company get--if you don't work in health care

    Unfortunately after working in clinics, dr's offices, etc. for many years-with no benefits , I am only now working for an HMO that offers retirement.
    Let's see( counting on fingers --only 21 years to go) wooohooo!
  5. by   canoehead
    Reminder to everyone to hit the exclamation point in the lower right hand corner of the screen if you feel you have been personally attcked, and the moderators can deal with it. Often if you reply the situation escalates and spreads to other threads and PM's

    Also a big reminder that personal attacks are banned per the terms of service!

    Both types of posts can result in changes to the privildges on your account.


    Thanks everyone- carry on..
  6. by   cannoli
    Quote from canoehead
    Reminder to everyone to hit the exclamation point in the lower right hand corner of the screen if you feel you have been personally attcked, and the moderators can deal with it. Often if you reply the situation escalates and spreads to other threads and PM's

    Also a big reminder that personal attacks are banned per the terms of service!

    Both types of posts can result in changes to the privildges on your account.


    Thanks everyone- carry on..

    Who has been attacked?
  7. by   cannoli
    P.S. Where's the exclamation point?
  8. by   explorer
    Quote from purplemania
    as for Clinton, HELLO! That is a marketing trick to get you to buy the book. That guy could not recall anything while he was president and now, suddenly, his memory has been restored. Amazing feat.
    It's a miracle especially when you don't know what "it" is.
  9. by   zenman
    Don't forget that you can live very cheaply in Mexico! :chuckle
  10. by   chl62
    [QUOTE=Reggy Miller]I've worked for 24 years at the same hospital, so I built quite a reasonable pension, but still. I'm divorced so I'll have to pay everything myself. So when do I retire? Any other women inhere with the same issues?

    God, if the economy had stayed high, I could've retired last year. Wish Clinton was back. I bought his book yesterday on his book tour diary site. He says if you can't make it to a book signing event, you can send the book to his library and get it signed. Now that's a good Oh yeah Clinton was wonderful, I really miss the largest tax increase in US History he got passed! He didn't leave out Seniors either, they got the same treatment. Also, he provided us with all that titillating amusement. His inaction and fear controversal leadership initiatives is what lead Osama to believe we are a bunch of saps, afraid to defend ourselves. He was almost as bad as Carter just not as boring.
  11. by   Hellllllo Nurse
    Reggy,

    I am planning on buying the book "investing for Dummies". I heard it was really good. I have no retirment savings whatsoever. Hy husband has a great pension plan, but I know I can't count on that.

    BTW, I dearly miss Clinton, too.
  12. by   Hellllllo Nurse
    Quote from chris_at_lucas
    I expect to work until I drop. It's a good thing that I enjoy working, huh? I'm married but for retirement purposes, I may as well be single. Actually it's a little worse than that.

    In Texas, community property means that everything a wife accumulates while her husband isn't working is theirs (i.e., she has to share it with him), and the tax return goes to him. Isn't that nice? Everything he accumulated before the marriage is his. Since women finally are earning 72 cents on the male dollar, you can imagine how much I have accumulated....

    Meanwhile, he hasn't rewritten his will since his first wife died, and his ne'er-do-well sister (he shares this opinion of her) will inherit everything, including this house. He believes he doesn't have to do anything, because in Texas the wife inherits everything. He will not accept that if there is a will, and the wife isn't in it, and the husband dies, the wife doesn't get squat.

    It is also his opinion that I should be paying him some sort of rent for the privilege of living here, because he pays the taxes on the property from his investment income. (You guessed it, I'm not on the title to the house, either.) He does not see keeping the house clean and tidy and tending to his every whim as worth any money.

    Sometimes it is a little hard to do all the little nice things for him that I enjoy doing, and to remind myself that I will have to take care of myself, because there isn't anyone else to do it.

    The sad upshot is that soon I will be working as an RN, and while I won't be making the big bucks he did when he was working (engineers can't get jobs in our area), he will be expecting me to turn my check over to him. It isn't going to happen this time around.

    I suspect that there will be a big fight when I don't, and a bigger one when he figures out that I am having the most minimal amount withheld from my paycheck possible.

    I have considered divorce--not to live apart or because I don't love him, because I do, but because it is the only way I can actually benefit from my own efforts, and protect my own old age. It would be sad, wouldn't it, to have to go to those lengths? I'm hoping he wises up before then, but I am not holding my breath. On the other hand, that would be one way to solve my retirement crisis, wouldn't it?

    chris-at-lucas,

    That doesn't sound like a marriage to me. I'm getting sad reading your post. You do not have to be a door matt for this man.
    ((((((((((hug))))))))))))))

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