What is your ex-JW retirement plan?

Mindchild

I have been talking to a few people in chat recently about retirement strategies for ex-dubs. It doesn’t take a rocket scientist to realize that many people who exit the Borg are really in a very poor situation in terms of their retirement prospects. If it wasn’t bad enough that there was always the pressure to avoid higher education and the corresponding quality jobs afforded by such, many dubs were just plain conned out of their resources by the Borg in thinking that the end was just around the corner and you should pioneer, even if it meant selling your assets, going into debt, or turning down good job opportunities. So, if you are one of these victims, well you got plenty of company.

Regardless, what the HELL are you going to do about it NOW? What is your plan of action to make sure that you are not going to be stuck working until you are 75 years old cleaning toilets or doing some other menial task? I hate to say this, but quite a few of you need to have someone kick you in the ass to get you to start thinking about this and making some constructive plans and working towards them.

Are you counting on Social Security to bail you out? Boy are you ever in for a rude shock! If you think that, you might as well count on living in a paradise earth as well…ain’t going to happen.

There are a lot of smart people in here, so let’s hear some ideas of what you think is a good plan of action for your retirement. Got no plans at all, haven’t a clue? Don’t feel like the Lone Ranger! Anyway…you guys show me yours and I will show you mine

Skipper

LB

I was lucky. Didn't get into the Borg until I had already invested in Real Estate. So I was able to stop my regular job before I turned 50.

I'll be honest. I haven't a clue how to invest these days. I'd be afraid of almost anything.

Never Squat With Yer Spurs On

refiners fire

What brother. Ive worked 30 years in menial jobs and now, my house paid off, Im supposed to start slaving my ass off to save for my retirement? Fuck that.
Im living for the "Now". Doing what I like (Within reason). What happens when Im 60?
Who cares?
Far as Im concerned they can give me a dole check.
No dole cheques?
Looks like theyll have to keep me in prison then dont it?
Like I said, at 60, who cares?

proplog2

Cardboard box with windows cut in it. Address will be 117 Adams St. Brooklyn Hts. NY

Valis

Most who have worked and contributed to Social Security will get about $600-1000.00 a month when they retire at the appropriate age. Now for the crazy side...most JWs never save a dime because they really think the end will come before they are dead. Kind of like Heaven's Gate, "just eat your pudding and everything will be OK....", don't worry about after you swallow false teaching that ends up killing you and your spirit.

Sincerely,

District Overbeer

Celtic

Looks forward to bringing up his son in more beautiful surroundings / climate than can be had in the UK.

Starting from scratch once more, with strong interests in social enterprise and entrepreneurship, the arts and the environment, I am intending to take over this 5 acre parcel of land available at £40 pw.

On offering subsistence rent to other woodland crafts people, about a dozen in all, I intend to market ourselves towards creating one off bespoke peices towards the interior, exterior and landscape architects niche markets within the UK.

Whilst not netting me a fortune, it will be enough to act as a stepping stone towards bringing into vision a greater life dream within, hopefully, a period of 1-2 years.

After this time, the social enterprise that I have contributed in creating will be handed over to the community aboard to develop as they wish.

Peace

Mark
Working his butt off to get his son to the carribean where he can enjoy what he does best - being the best and smiliest young lad in the world.

PS For me at retirement age? An old rocking chair, simple healthy food, an old tape deck, my pipe and a good view in good company, oh and a hammock.

Thirdson

I attended a time management seminar recently where the instructor told a real life horror story about the 60 year old plastic surgeon who with his wife (also a surgeon) and an annual income of $1 million. His $15 million home had no equity, he owed $3.8 million in credit card debt and and equal amount of gambling debts. He had no savings. He hoped to retire at age 65 and was being told to declare bankrupcy.

I made little in the way of plans for retirement until I left the J Dubs. A divorce and the split of assets along the way didn't help either. I now have several different forms of retirement including a 401K, mutual funds, an IRA, savings and some equity in my home. I hope to retire or at least cut back when I am 60. I have about 3/4 of the requirement to qualify for medicare in the US. I may be entitled to some pension from the UK since I paid into the national scheme for 17 years. I won't count on that (since I can't vote in UK elections I guess I am disowned anyway) or a US state pension. I think I will have to care for myslef. I am a little late starting but I think I can catch up.

Thirdson

Celtic

Of creative art, music and garden design, here is my vision for my retirement, the link is worth checking out, especially for you Mindchild. (Others are welcome to view and comment too).

* http://www.jehovahs-witness.com/forum/thread.asp?id=6515&site=3

Please have a look!!

Peace

Mark

gotcha

just wonderin if any of you has thought of migrating to another country where the interest rates are high and where the value of your $ is more than what its worth?

ashitaka

I have a 401k through my company and some other meager investments.

About 10,000 saved long-term so far, which isn't bad for a 22 YO.

My parents JUST started saving, and they've been working for 25 years. It's a shame, they were told that investing was wrong and that they should be content with little, all the while the same 'comforters' were pulling in 85,000 100,000 a year. Sucks for my parents, but they were duped.

ashi

What is your ex-JW retirement plan?

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