Survivalist Forum

Advertise Here

Go Back   Survivalist Forum > Survival & Preparedness Forum > Financial Forum
Articles Chat Room Classifieds Donations Gallery Groups Links Store Survival Files



Financial Forum Economics and Precious Metals

Advertise Here
Reply
 
Thread Tools Display Modes
Old 07-24-2011, 12:09 AM
shrink shrink is offline
Junior Member
 
Join Date: May 2009
Posts: 151
Thanks: 10
Thanked 56 Times in 40 Posts
Default SHTF/Retirement



Advertise Here

For those of you who believe in an economic collapse, are you still preparing for retirement? 401K, savings account, real estate? Are you, and if so, how are you, also preparing for retirement?

If I believe in an economic collapse (which I do) why would I prepare with a 401K that invests in the stock market, which I believe will collapse. Help me wrap by head around how to prepare, in case of no SHTF.
The Following User Says Thank You to shrink For This Useful Post:
Old 07-24-2011, 12:18 AM
MikeK's Avatar
MikeK MikeK is offline
Walking methane refinery
 
Join Date: Jul 2009
Location: Texas
Age: 51
Posts: 49,428
Thanks: 88,697
Thanked 99,855 Times in 32,497 Posts
Awards Showcase
Outstanding Member 
Total Awards: 1
Default

You're probably better off asking in the financial section. That's what it's for and there are a lot of knowledgeable folks there that don't spend much time here.
The Following User Says Thank You to MikeK For This Useful Post:
Old 07-24-2011, 12:21 AM
shrink shrink is offline
Junior Member
 
Join Date: May 2009
Posts: 151
Thanks: 10
Thanked 56 Times in 40 Posts
Default

Sorry, didn't even realize there was a financial forum.
Thanks.
The Following User Says Thank You to shrink For This Useful Post:
Old 07-24-2011, 12:24 AM
shrink shrink is offline
Junior Member
 
Join Date: May 2009
Posts: 151
Thanks: 10
Thanked 56 Times in 40 Posts
Default SHTF/Retirement

For those of you who believe in an economic collapse, are you still preparing for retirement? 401K, savings account, real estate? Are you, and if so, how are you, also preparing for retirement?

If I believe in an economic collapse (which I do) why would I prepare with a 401K that invests in the stock market, which I believe will collapse. Help me wrap by head around how to prepare, in case of no SHTF.
Old 07-24-2011, 12:29 AM
goose3's Avatar
goose3 goose3 is online now
Capability, not scenarios
 
Join Date: Jun 2010
Posts: 10,192
Thanks: 25,003
Thanked 25,540 Times in 7,690 Posts
Default

I'm not so sure it isn't appropriate here.

I personally have little faith my retirement will go anything like I expected even 5 years ago.

I'm in my mid-50s, and frankly, I doubt I can stop working before 70. I had things fairly well figured out, but now I doubt my pension is secure, and I have no faith to speak of in Social Security.

Further and more damning, what good does any of that money do if inflation just destroys its purchasing power?

No, I have no faith in "retirement" in any way that we'd traditionally expect.
The Following 3 Users Say Thank You to goose3 For This Useful Post:
Old 07-24-2011, 12:32 AM
OLDWarrior64's Avatar
OLDWarrior64 OLDWarrior64 is offline
Time to hit reset

 
Join Date: Jan 2009
Location: IN
Posts: 24,343
Thanks: 28,423
Thanked 28,191 Times in 11,540 Posts
Awards Showcase
Top Poster 
Total Awards: 1
Default

MOD EDIT
Threads merged
__________________
He that blows the coals in quarrels that he has nothing to do with, has no right to complain if the sparks fly in his face. ~ Benjamin Franklin

LIST OF IMPORTANT THREADS FOR FORUM MEMBERS


KEEP THE FORUM GOING STRONG
Old 07-24-2011, 12:57 AM
MikeK's Avatar
MikeK MikeK is offline
Walking methane refinery
 
Join Date: Jul 2009
Location: Texas
Age: 51
Posts: 49,428
Thanks: 88,697
Thanked 99,855 Times in 32,497 Posts
Awards Showcase
Outstanding Member 
Total Awards: 1
Default

Quote:
Originally Posted by goose3 View Post
I'm not so sure it isn't appropriate here.

I personally have little faith my retirement will go anything like I expected even 5 years ago.

I'm in my mid-50s, and frankly, I doubt I can stop working before 70. I had things fairly well figured out, but now I doubt my pension is secure, and I have no faith to speak of in Social Security.

Further and more damning, what good does any of that money do if inflation just destroys its purchasing power?

No, I have no faith in "retirement" in any way that we'd traditionally expect.
It's probably appropriate to both forums. I just figured he'd get better answers there. Some of the best advice I've seen there comes from people who don't seem to be regulars in this forum.
Old 07-24-2011, 01:49 AM
Freeholder Freeholder is offline
Target Shooter
 
Join Date: Mar 2010
Location: New Hampshire
Posts: 403
Thanks: 249
Thanked 441 Times in 210 Posts
Default

Good general rule: Hope for the best, plan for the worst.
Old 07-24-2011, 07:21 AM
nhfieldrep's Avatar
nhfieldrep nhfieldrep is offline
Gunstud
 
Join Date: Jun 2009
Location: NH
Age: 63
Posts: 200
Thanks: 260
Thanked 401 Times in 110 Posts
Default

Age: 60
Confidence: 0
401: pulled it
Real estate: $52,000.00 balance
Prepping: on-going but speeding up
Economic crash: Your damn right! We can't continue spending more then we make.
Reaction by the masses: Civil unrest leading to civil war.
The Following User Says Thank You to nhfieldrep For This Useful Post:
Old 07-24-2011, 08:26 AM
53convert 53convert is offline
Survivor
 
Join Date: Jun 2008
Posts: 3,698
Thanks: 2,048
Thanked 3,513 Times in 1,801 Posts
Default

short answere because we could be wrong, either way..............besides it beats sittin around watching american idol.

Heck I still invest money in my old car hobby and with the price of gass, govt regulation, or the internal combustion enginse issue, I could well be tossing money down a rabbit hole there.

Why do we still buy guns and ammo when we all know the gov(dem's) are gonna take it from us at no charge......
The Following User Says Thank You to 53convert For This Useful Post:
Old 07-24-2011, 08:36 AM
Uncle Bob Uncle Bob is offline
Survivor
 
Join Date: Jan 2010
Location: Indiana
Posts: 4,380
Thanks: 3,081
Thanked 5,114 Times in 2,110 Posts
Default

Quote:
Originally Posted by 53convert View Post
short answere because we could be wrong, either way..............besides it beats sittin around watching american idol.

Heck I still invest money in my old car hobby and with the price of gass, govt regulation, or the internal combustion enginse issue, I could well be tossing money down a rabbit hole there.

Why do we still buy guns and ammo when we all know the gov(dem's) are gonna take it from us at no charge......
In don't know that.
I think that may well be the catalyst that starts the upheaval and the rebirth of our republic.

Besides it was a so called republican that did the most damage to our firearms freedoms (ron reagan)
Old 07-24-2011, 08:46 AM
97guns's Avatar
97guns 97guns is offline
Barrio Bajo Señor
 
Join Date: Nov 2009
Location: in a casino
Posts: 2,912
Thanks: 16
Thanked 3,847 Times in 1,652 Posts
Default

im prepared as much as i can be, i just retired 2 years ago at 39. i have 50% of my net worth in cash flowing real estate and the other 50% in precious metal, oh yeah amd 100K+ wrapped up in guns, ammo and knives. ive closed down 2 of my 3 401K's already, just waiting for january 1st to close the other down.

i was in real estate before metals, i gave it alot of long and hard thinking of how i can preserve my retirement. it was a toss up of buying more income properties or the metal, metal was a clear choice for me.
The Following User Says Thank You to 97guns For This Useful Post:
Old 07-24-2011, 09:35 AM
Rollis's Avatar
Rollis Rollis is offline
Feeling extra snarky
 
Join Date: Jul 2011
Location: S.E. OHIO
Age: 47
Posts: 394
Thanks: 495
Thanked 328 Times in 185 Posts
Default

I, just started my 401k with my new job. Can't see letting the company match go to waste. Also if Yellowstone, let's go the US, is toast, but Europe, and Asia, will still be buying cars, and tv's. Even during the great depression people were buying gas, and going to the movie's on Saturday, night. If the big meteorod hits, the Mole people will be trading. And someone will make a profit. You, and I, might as well get a cut.
Old 07-24-2011, 10:36 AM
anne36's Avatar
anne36 anne36 is offline
Survivor
 
Join Date: Feb 2008
Location: Michigan
Posts: 2,913
Thanks: 4,577
Thanked 2,718 Times in 1,262 Posts
Default

Ive been asking myself the same questions. How does anyone prepare for retirement anymore? Lets face it, we are going to need some cash. What kind of investment can anyone make now that is reliable and will increase more than inflation?

97 guns, so are you mainly surviving off of rental income?

With so many people in the workforce unable to retire the employment situtation is not going to improve, there are not enough jobs for everyone to stay in the workforce, especially with all the boomers still out there. How will our children be able to find work after college when we are still working into our 70's? I have an Aunt who is still working at 70 and the Eye Dr confided to me the other day that he just turned 70 and has no plans to retire. Im hearing that a lot lately.
Old 07-24-2011, 10:46 AM
97guns's Avatar
97guns 97guns is offline
Barrio Bajo Señor
 
Join Date: Nov 2009
Location: in a casino
Posts: 2,912
Thanks: 16
Thanked 3,847 Times in 1,652 Posts
Default

yes the rental income is my only source of income, all my reserve funds go into metal every month. my net worth has doubled in 2 years through metal.
The Following 2 Users Say Thank You to 97guns For This Useful Post:
Old 07-24-2011, 10:53 AM
combat doc's Avatar
combat doc combat doc is offline
Hunter
 
Join Date: Aug 2009
Location: Western North Carolina
Posts: 1,577
Thanks: 328
Thanked 299 Times in 172 Posts
Default

shrink,
I also like you believe we live w/ a high probability of hyperinflation and economic break down. While I invest in my 401k, it is money that is unseen and at present, unneeded. I live debt free(except utilities, etc.) and live on a budget. If that money were lost to me today, if would not affect my life adversely! If you can live w/ money being withdrawn from your paycheck for a 401k, I say go for it. If not, use the extra money wisely!
Doc
Old 07-24-2011, 11:03 AM
Brettboat's Avatar
Brettboat Brettboat is offline
Hunter
 
Join Date: Jan 2011
Location: Georgia
Posts: 1,517
Thanks: 214
Thanked 774 Times in 470 Posts
Default

Real estate is always a good long term investment even in SHTF, you just have to be willing to secure it. I'd invest in silver and gold... They'll alway have value, even in the worse times.
Old 07-24-2011, 12:46 PM
Rollis's Avatar
Rollis Rollis is offline
Feeling extra snarky
 
Join Date: Jul 2011
Location: S.E. OHIO
Age: 47
Posts: 394
Thanks: 495
Thanked 328 Times in 185 Posts
Default

If I, carry my house loan out to the full term, I, will be 67, I, will probably retire at 70, and work part time (30-40) hours a week. As long as my health is good.
Old 07-24-2011, 02:12 PM
Hick Industries's Avatar
Hick Industries Hick Industries is offline
Live Secret, Live Happy
 
Join Date: Apr 2009
Location: Star Killer Hollow
Posts: 8,098
Thanks: 6,443
Thanked 12,467 Times in 4,615 Posts
Default

Great question and retirement worries me.

I been working as a civil servant employee of the US Navy for 28 yrs. Im an engineer and i get paid well, I've been saving very aggressively, and I contribute to the CSRS retirement system as well as a 401k. Which means that I can retire at age 55 with a generous annuity.

This all sounds pretty sweet until the government starts borrowing and spending trillions.

I decided in the mid 80s not to trust any promise made by Washington DC. I started saving 1k per month for my own personal retirement plan. My retirement plan is a paid off ranch that will allow me to live cheap, grow my own food, pump well water, produce electricity with solar panels, and heat my house with wood.
The Following User Says Thank You to Hick Industries For This Useful Post:
Old 07-24-2011, 02:18 PM
Grandpa Pipes Grandpa Pipes is offline
I love this forum
 
Join Date: Mar 2011
Posts: 1,581
Thanks: 24
Thanked 1,198 Times in 559 Posts
Default

Quote:
Originally Posted by shrink View Post
For those of you who believe in an economic collapse, are you still preparing for retirement? 401K, savings account, real estate? Are you, and if so, how are you, also preparing for retirement?

If I believe in an economic collapse (which I do) why would I prepare with a 401K that invests in the stock market, which I believe will collapse. Help me wrap by head around how to prepare, in case of no SHTF.
How does and "economic collapse" and "retirement" fit together in the same concept??
Reply

Bookmarks



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
retirement zygantrum Financial Forum 31 04-06-2011 02:26 PM
43% have less than $10k for retirement FXjohn Political News and Discussion 14 03-12-2010 05:04 AM
Retirement Armageddon Hess Controversial News and Alternative Politics 9 02-10-2010 11:46 AM
Now they want your retirement... TackleBerry Political News and Discussion 28 11-10-2008 12:51 AM
Retirement Fun chibbers Jokes, Humor & Music 17 08-02-2008 04:46 AM


All times are GMT -5. The time now is 11:25 PM.


Powered by vBulletin®
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2014 DragonByte Technologies Ltd.
Copyright Kevin Felts 2006 - 2012,
Green theme by http://www.themesbydesign.net