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How Secure is Your Retirement?

Discussion in 'News & Current Events' started by Wesley Briggman, Apr 3, 2020.

  1. Wesley Briggman

    Wesley Briggman Well-Known Member
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    How soon will civil service retirement checks begin to bounce?
    The long-term impact of shutting down the economic engine of much of the world has dire consequences for the working men/women around the globe.
    How soon will social upheaval begin?

    Coronavirus Threatens to Blow Big Holes in State Budgets
     
  2. Wingman68

    Wingman68 Well-Known Member
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    I guess the better question is what is anyone doing to prepare for the possibility?
     
  3. Wesley Briggman

    Wesley Briggman Well-Known Member
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    Good question. For many people it is to late. For many others they have no jobs. The long-term outlook for recovery is not as rosy as some speculate.

    When it's over, will we be the same America? - WND
     
    • Agree Agree x 1
  4. Wingman68

    Wingman68 Well-Known Member
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    Good news today is they will issue stimulus checks for those on SS that do not make enough to file a return. My Dad, 94, & Sister, who cares for him, both fall in that category, so I am grateful for that. My Dad made some high powered money in his day, but has been on SS for years, & this is what he gets?! Not enough to file a return? Goes to show if you don’t have some kind of pension lined up, or are very well set, SS will barely get you by.
     
  5. just-want-peace

    just-want-peace Well-Known Member
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    Considering the last few years politically, I’m not real sure I want it to be the same!
    But to answer the question, NO!!!
     
  6. Yeshua1

    Yeshua1 Well-Known Member
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    Psalm 37:25 , time to see if God be true!
     
  7. Wesley Briggman

    Wesley Briggman Well-Known Member
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    [Psa 37:25 ESV] 25 I have been young, and now am old, yet I have not seen the righteous forsaken or his children begging for bread.


    [Rom 3:10 ESV] 10 as it is written: "None is righteous, no, not one;

    I am very hesitant to apply old testament to this church-age dispensation.
     
  8. church mouse guy

    church mouse guy Well-Known Member
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    The Republicans should shut up about a snap-back of the economy whenever the lockdown is lifted. Yesterday Gov. DeWine of Ohio said that Ohio may stay on lockdown until Memorial Day.

    You cannot shut down almost the entire country for a couple of months, pass around increasingly worthless paper money like crazy and expect things to just go back to normal. A lot of businesses are gone for good now.
     
    • Agree Agree x 1
  9. Yeshua1

    Yeshua1 Well-Known Member
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    Do we honestly see this as being worst then Great Depression or WW 2, that lasted 4 entire years?
     
  10. Yeshua1

    Yeshua1 Well-Known Member
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    Think that the principles apply in both testaments!
     
  11. Scott Downey

    Scott Downey Well-Known Member

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    I took my GlaxoSmithKline pension early at 60 . I will take ssecure at 64. Then my hospital pension at 66. Wife will take hers at 67. I worked out the numbers and I have to live till 78 for taking social secure to make more money. Just not worth it to me. We will make more off pensions than we did working. Plus I have to eventually start selling our IRAs which have been invested for decades. Both of us also have big term life insurance policies. Me till 80. Hers till 70
    She inheritated a lot from her dad. Me, I may inherit a lot, that all depends what happens to my mid 80's parents.
     
    #11 Scott Downey, Apr 3, 2020
    Last edited: Apr 3, 2020
  12. just-want-peace

    just-want-peace Well-Known Member
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    The only , ONLY thing you can really count on for the present/future is:
    1 God the Father
    2 God the Son and
    3 God the Holy Spirit!!!
    I have a fair estate, but the value is only as good as the general acceptance of dollars, and in the event of the wrong decisions by a few in power, none of it will be worth the paper representing it.
    Dollars, yen, pesos, marks et al, and even silver/gold etc, can/will become worthless in the future of any Godless nation.
     
  13. church mouse guy

    church mouse guy Well-Known Member
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    I think so if we end up with 30% unemployment. There is too much debt. Restaurants cannot thrive in a bad economy.
     
  14. Wesley Briggman

    Wesley Briggman Well-Known Member
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    This statement sets my mind whirling with questions. My limit is set at one.

    In the history of man, has there ever been or is there now any nation that has been or is now in a Godless state?
     
  15. MartyF

    MartyF Well-Known Member

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    Civil service retirement checks? You shouldn't be getting those. Those are evil.

    2 Thessalonians 3:10 NLT
    Even while we were with you, we gave you this command: “Those unwilling to work will not get to eat.”
     
  16. Yeshua1

    Yeshua1 Well-Known Member
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    Nazi Germany, worshiped demonic leader!
     
  17. Wesley Briggman

    Wesley Briggman Well-Known Member
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    Thanks, you made my point.

    "Dollars, yen, pesos, marks et al, and even silver/gold etc, can/will become worthless in the future of any Godless nation."

    History makes the prediction invalid.
     
  18. Hollow Man

    Hollow Man Active Member

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    We're taking a little hit, but we'll be OK.
     
  19. Wesley Briggman

    Wesley Briggman Well-Known Member
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    Likewise here. Seeing these businesses and malls around here locked-down is very concerning. No rent or lease payments coming in, bankruptcies can't be far behind. I don't see this economy being restored to what was "normal" any time soon. Trying times indeed!!
     
  20. Scott Downey

    Scott Downey Well-Known Member

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    No state is 100% following demonic doctrines as long as a few Christians live there. God took out Abraham's relative Lot and his family before destroying the cities on the plain.
    The destruction is reserved for the wicked.
    Proverbs 3:33
    The curse of the Lord is in the house of the wicked: but he blesseth the habitation of the just.
     
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