How to Live on Retirement Income...

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Profile Michael T. Allison Retired USN
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Message 699350 - Posted: 11 Jan 2008, 21:18:32 UTC


Subject: How to live on retirement income



This is disgusting, ...be sure to read it all...


> If Hillary wins in 2008 and Bill is 'appointed' to fill her Senate
> seat and either live to retire 'they' (together or alone) would get
> two US Presidential retirement checks, two US Senate retirement
> checks, and a retirement check from the State of Arkansas .
> About the only thing they MIGHT NOT get is a Social Security
> check....but I wouldn't bet on it....
>
> I understand ole Bill has earned $40,000,000 in the past six years.
>
> What a guy!
>
>
> AND THE REST OF THE STORY... Hilarious Rotten Clinton, as a New York
State Senator, now comes under t he 'Congressional Retirement and Staffing
Plan,' which means that even if she never gets reelected, she STILL recei ves
her Congressional salary until she dies. (Would it not be nice if all Americans
were pension eligible a after only 4 years?)
>
> If Bill outlives her, he then inherits HER salary until HE dies. He is
already getting his Presidential salary until he dies. If Hillary outlives
Bill, she also gets HIS salary until she dies. Guess who pays for that?
>
> It's common knowledge that in order for her to establish NY residency,
they purchased a million dollar-plus house in upscale Chappaqua, New York .
> Makes sense!
>
> They are entitled to Secret Service protection for life.
>
> Still makes sense.
>
> Here is where it becomes interesting. Their mortgage payments hover at
around $10,000 per month. BUT, an extra residence 'had' to be built within the
acreage to house the Secret Service agents.
>
> The Clintons charge the Federal government $10,0 00 monthly rent for
the use of that extra residence, which is about equal to their mortgage
payment. This means that we, the taxpayers, are paying the Clinton's salary,
mortgage, transportation, safety and security, as well as the salaries for
their 12 man staff -- and, this is all perfectly legal!
>
> As she runs for President, will YOU vote for her?
>
> How many people can YOU send this to? .



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Profile Robert Waite
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Message 699511 - Posted: 12 Jan 2008, 7:44:56 UTC

I'm not sure as to the target of your anger.

Is it the Clintons, or the system that they are part of?

Every ex-president is protected by Secret Service for obvious reasons.
Every ex-senator and congress member is allowed a pension.

Would the news that Newt Gingrich is collecting the same pension upset you as much? Well, he is. So is Daddy Bush who, by the way, has made way more money than Bill Clinton since leaving office.

Don't make the mistake of thinking I'm OK with these gold plated pension plans that politicians give to themselves, because I'm not.
We have a similar situation here in Canada where a Member of Parliament needs only 6 years of service to qualify for a parliamentary pension.

Nowhere in the real world do people enjoy such a perk and I think it`s only fair to point out that politicians from every party take advantage of the system, so in fairness, get angry at all of them and get angry at the system they have put in place for their own benefit.

Try not to single out a few individuals for selective anger for something they, and every other politician do.

Of course, this situation could never happen in a world where citizens watched what their elected representatives were doing all the time.
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Profile John Clark
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Message 699542 - Posted: 12 Jan 2008, 11:18:41 UTC

It's the same in all countries. People with real jobs whose taxes fund them do not get the same, unless they start and, successfully, run their own business.

Life is a bitch, and the secret is who you know, your networks, and not what skills or knowledge you have
It's good to be back amongst friends and colleagues



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Profile BrainSmashR
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Message 699556 - Posted: 12 Jan 2008, 12:45:08 UTC - in response to Message 699511.  

I'm not sure as to the target of your anger.

Is it the Clintons, or the system that they are part of?

Every ex-president is protected by Secret Service for obvious reasons.
Every ex-senator and congress member is allowed a pension.

Would the news that Newt Gingrich is collecting the same pension upset you as much? Well, he is. So is Daddy Bush who, by the way, has made way more money than Bill Clinton since leaving office.

Don't make the mistake of thinking I'm OK with these gold plated pension plans that politicians give to themselves, because I'm not.
We have a similar situation here in Canada where a Member of Parliament needs only 6 years of service to qualify for a parliamentary pension.

Nowhere in the real world do people enjoy such a perk and I think it`s only fair to point out that politicians from every party take advantage of the system, so in fairness, get angry at all of them and get angry at the system they have put in place for their own benefit.

Try not to single out a few individuals for selective anger for something they, and every other politician do.

Of course, this situation could never happen in a world where citizens watched what their elected representatives were doing all the time.


That's a gross over simplification of the problem.

The Clinton's are "double dipping" while you point fingers at Bush.


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Profile Jeffrey
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Message 699611 - Posted: 12 Jan 2008, 19:01:02 UTC - in response to Message 699542.  
Last modified: 12 Jan 2008, 19:41:57 UTC

the secret is who you know, your networks, and not what skills or knowledge you have

And believe me, it shows...

Maybe we should replace the phrase: 'It's hard to find good help these days'.

With this phrase: 'It's hard to find people like us who are worth a damn'... ;)

(Never underestimate stupid people in large numbers.)
It may not be 1984 but George Orwell sure did see the future . . .
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Profile Michael T. Allison Retired USN
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Message 699626 - Posted: 12 Jan 2008, 19:43:49 UTC - in response to Message 699511.  

I'm not sure as to the target of your anger.

Is it the Clintons, or the system that they are part of?

Every ex-president is protected by Secret Service for obvious reasons.
Every ex-senator and congress member is allowed a pension.

Would the news that Newt Gingrich is collecting the same pension upset you as much? Well, he is. So is Daddy Bush who, by the way, has made way more money than Bill Clinton since leaving office.

Don't make the mistake of thinking I'm OK with these gold plated pension plans that politicians give to themselves, because I'm not.
We have a similar situation here in Canada where a Member of Parliament needs only 6 years of service to qualify for a parliamentary pension.

Nowhere in the real world do people enjoy such a perk and I think it`s only fair to point out that politicians from every party take advantage of the system, so in fairness, get angry at all of them and get angry at the system they have put in place for their own benefit.

Try not to single out a few individuals for selective anger for something they, and every other politician do.

Of course, this situation could never happen in a world where citizens watched what their elected representatives were doing all the time.
I'm not angry at all. This was sent to me in an e:mail. I posted it here to see what others would say. My monthly income comes in the form of Federal Goverment service connected disability Compensation as well as Social Security. I was injured and left paralyzed while on active duty in the USN. So I'm a happily retired Man...

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Profile Clyde C. Phillips, III

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Message 699631 - Posted: 12 Jan 2008, 20:13:42 UTC

Don't buy it unless you need it (badly) or want it real badly. Always look for sales or alternatives. Always make sure you will not run out of money, not trip bank fees, and always pay off credit card balances in full. Stay away from loans, lotteries and gambling.
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Profile Michael T. Allison Retired USN
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Message 699639 - Posted: 12 Jan 2008, 21:09:59 UTC - in response to Message 699631.  
Last modified: 12 Jan 2008, 21:17:49 UTC

Don't buy it unless you need it (badly) or want it real badly. Always look for sales or alternatives. Always make sure you will not run out of money, not trip bank fees, and always pay off credit card balances in full. Stay away from loans, lotteries and gambling.
never mind
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Profile Michael T. Allison Retired USN
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Message 699640 - Posted: 12 Jan 2008, 21:10:02 UTC - in response to Message 699631.  
Last modified: 12 Jan 2008, 21:14:59 UTC

Don't buy it unless you need it (badly) or want it real badly. Always look for sales or alternatives. Always make sure you will not run out of money, not trip bank fees, and always pay off credit card balances in full. Stay away from loans, lotteries and gambling.
common sense
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Profile Robert Waite
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Message 699657 - Posted: 12 Jan 2008, 23:14:23 UTC

Hey Michael, I'm sorry to learn that you were injured while in service to your country and also glad to see you refer to yourself as a happily retired man.

Thank you man
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Profile Robert Waite
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Message 699659 - Posted: 12 Jan 2008, 23:17:30 UTC - in response to Message 699556.  

I'm not sure as to the target of your anger.

Is it the Clintons, or the system that they are part of?

Every ex-president is protected by Secret Service for obvious reasons.
Every ex-senator and congress member is allowed a pension.

Would the news that Newt Gingrich is collecting the same pension upset you as much? Well, he is. So is Daddy Bush who, by the way, has made way more money than Bill Clinton since leaving office.

Don't make the mistake of thinking I'm OK with these gold plated pension plans that politicians give to themselves, because I'm not.
We have a similar situation here in Canada where a Member of Parliament needs only 6 years of service to qualify for a parliamentary pension.

Nowhere in the real world do people enjoy such a perk and I think it`s only fair to point out that politicians from every party take advantage of the system, so in fairness, get angry at all of them and get angry at the system they have put in place for their own benefit.

Try not to single out a few individuals for selective anger for something they, and every other politician do.

Of course, this situation could never happen in a world where citizens watched what their elected representatives were doing all the time.


That's a gross over simplification of the problem.

The Clinton's are "double dipping" while you point fingers at Bush.


I keep forgetting that you need things kept simple.

They ALL double dip.

The system is flawed.


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Profile Michael T. Allison Retired USN
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Message 699661 - Posted: 13 Jan 2008, 0:03:14 UTC - in response to Message 699657.  

Hey Michael, I'm sorry to learn that you were injured while in service to your country and also glad to see you refer to yourself as a happily retired man.

Thank you man
Bless You and Yours Robert

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Profile Robert Waite
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Message 699663 - Posted: 13 Jan 2008, 0:42:19 UTC

I appreciate everything you guys do...or did in the service.

I bartended in Vancouver years ago and whenever some members of any of the armed services wandered in I would but their first round...no matter what country they served.

Being located downtown meant we saw a lot of US and Canadian sailors.
Hell, you might even have been one of them.
It was the Sportsline Lounge in the Sandmann Hotel...right near BC Place (Vancouver's domed stadium)
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Message 699664 - Posted: 13 Jan 2008, 0:44:47 UTC - in response to Message 699659.  
Last modified: 13 Jan 2008, 0:46:40 UTC



I keep forgetting that you need things kept simple.

They ALL double dip.

The system is flawed.




They ALL double dip, huh?

I wasn't aware that Mrs. Bush and Gingrich were also drawing government pensions.

...or maybe, once again, you've oversimplified the situation into a blatant lie.


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Message 699666 - Posted: 13 Jan 2008, 0:59:53 UTC

To regain the subject I offer the following preparation for retirement:

1. Pay for your house (if you live out of the big cities) before retiring. That explicitly requires living on less than your income. It also makes poor people out of those in the real estate business. When your house is paid for find a good investment for your former payments. We chose a tax exempt bond fund from a low expense company. These are few and far between. Be sure it is exempt for both federal and state you live in. If you have no state income taxes look for best yield. Have check writing on the fund if possible. We pay our taxes on property this way. As inflation increases the value of property then increase the deposits. Ours are now many times the original payment on the loan. It is a very comfortable protection from any emergency expense.

2. Of course you should get any possible match in your 401K or similar. My thought is the rest should be in Roth if you are eligible. That keeps the tax collector away when your money. Then invest any windfall amounts.

3. Lottery tickets are for those who like to light their cigars with ten dollar bills. Same for any other "legal" gambling.

4. Use Mr. Buffetts time table for investments in stocks: Hold forever. I got same advice from a local broker forty-five years ago. We still use this method. Choosing the right stock is a second skill. I can't help on this. Try the Motley Fool web site.

5. If possible have an employer who has retirement plan. Same for medical plan.

6. Wear out your car. We usually replace cars around 150,000 miles. A few went longer. We drive carefully and have not wrecked one yet.

Happily retired for a dozen years now. And solvent.




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Profile Robert Waite
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Message 699716 - Posted: 13 Jan 2008, 6:46:17 UTC - in response to Message 699664.  



I keep forgetting that you need things kept simple.

They ALL double dip.

The system is flawed.




They ALL double dip, huh?

I wasn't aware that Mrs. Bush and Gingrich were also drawing government pensions.

...or maybe, once again, you've oversimplified the situation into a blatant lie.


Do you ever get anything straight?

Why are you saying Mrs. Bush? When did one of the Bush women get elected to qualify for a congressional pension in the first place?

The Bush I was pointing to was Daddy Bush. I guess the word "Daddy" wasn't gender specific enough for you.

Of course Gingrich is eating the government cheese too.
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Message 699734 - Posted: 13 Jan 2008, 11:18:16 UTC - in response to Message 699716.  



I keep forgetting that you need things kept simple.

They ALL double dip.

The system is flawed.




They ALL double dip, huh?

I wasn't aware that Mrs. Bush and Gingrich were also drawing government pensions.

...or maybe, once again, you've oversimplified the situation into a blatant lie.


Do you ever get anything straight?

Why are you saying Mrs. Bush? When did one of the Bush women get elected to qualify for a congressional pension in the first place?

The Bush I was pointing to was Daddy Bush. I guess the word "Daddy" wasn't gender specific enough for you.

Of course Gingrich is eating the government cheese too.


Einstein, isn't "Daddy Bush's" wife also referred to as Mrs. Bush? Care to show us that amazing Canadian intelligence and take a guess at what some might call Newt's wife?

BTW, nice of you to finally admit that they are in fact NOT double dipping in the government tax pot.


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Profile Robert Waite
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Message 699859 - Posted: 13 Jan 2008, 22:05:39 UTC

Get some help dude because I really have no idea as to what you are trying to communicate to this topic.
You've stepped over the abyss.
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Profile Michael T. Allison Retired USN
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Message 700022 - Posted: 14 Jan 2008, 16:09:27 UTC - in response to Message 699859.  

Get some help dude because I really have no idea as to what you are trying to communicate to this topic.
You've stepped over the abyss.
Look at the Dudes Nickname "BrainSmashR", His own brain is SMASHED...

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Michael Crowdfunding Project Donor*Special Project $75 donorSpecial Project $250 donor
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Message 700147 - Posted: 15 Jan 2008, 2:57:18 UTC - in response to Message 699734.  
Last modified: 15 Jan 2008, 2:58:54 UTC



I keep forgetting that you need things kept simple.

They ALL double dip.

The system is flawed.




They ALL double dip, huh?

I wasn't aware that Mrs. Bush and Gingrich were also drawing government pensions.

...or maybe, once again, you've oversimplified the situation into a blatant lie.


Do you ever get anything straight?

Why are you saying Mrs. Bush? When did one of the Bush women get elected to qualify for a congressional pension in the first place?

The Bush I was pointing to was Daddy Bush. I guess the word "Daddy" wasn't gender specific enough for you.

Of course Gingrich is eating the government cheese too.


Einstein, isn't "Daddy Bush's" wife also referred to as Mrs. Bush? Care to show us that amazing Canadian intelligence and take a guess at what some might call Newt's wife?

BTW, nice of you to finally admit that they are in fact NOT double dipping in the government tax pot.


The only person who mentioned anything about a wife is you.



I'm not sure as to the target of your anger.

Is it the Clintons, or the system that they are part of?

Every ex-president is protected by Secret Service for obvious reasons.
Every ex-senator and congress member is allowed a pension.

Would the news that Newt Gingrich is collecting the same pension upset you as much? Well, he is. So is Daddy Bush who, by the way, has made way more money than Bill Clinton since leaving office.

Don't make the mistake of thinking I'm OK with these gold plated pension plans that politicians give to themselves, because I'm not.
We have a similar situation here in Canada where a Member of Parliament needs only 6 years of service to qualify for a parliamentary pension.

Nowhere in the real world do people enjoy such a perk and I think it`s only fair to point out that politicians from every party take advantage of the system, so in fairness, get angry at all of them and get angry at the system they have put in place for their own benefit.

Try not to single out a few individuals for selective anger for something they, and every other politician do.

Of course, this situation could never happen in a world where citizens watched what their elected representatives were doing all the time.

ID: 700147 · Report as offensive
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