Re: No retirement -- MIDRANGE-L

I was one of those honest idiots that paid my school loan back.  I always do
things the wrong way.
Carl Galgano
EDI Consulting Services, Inc.
540 Powder Springs Street
Suite C19
Marietta, GA  30064
770-422-2995
mailto: cgalgano@ediconsulting.com
http:cgalgano.home.mindspring.com
EDI, Communications and AS400 Technical Consulting

-----Original Message-----
From: Krys Theodore <ktheodore@marksbros.com>
To: 'MIDRANGE-L@midrange.com' <MIDRANGE-L@midrange.com>
Date: Monday, November 30, 1998 1:13 PM
Subject: RE: No retirement


>Actually, I was joking.  My daughter's account was set up when she was 3
>mos old.  My point was that the rate that colleges are going, the cost of a
>school will far outweigh what most people have in mind when they start up
>their plans.  The loan program is already dried up (according to a relative
>who is going through the situation now) for anyone in the middle to
>upper-middle class, because of all of the people who defaulted on their
>loans.  Any of you out there?
>
>----------
>From: Carl Galgano[SMTP:cgalgano@ediconsulting.com]
>Reply To: MIDRANGE-L@midrange.com
>Sent: Wednesday, November 25, 1998 4:41 PM
>To: MIDRANGE-L@midrange.com
>Subject: Re: No retirement
>
>Richard:
>I agree with you.  When both my sons were born I set up accounts at mutual
>fund companies for them and contribute a small amount every month.  I do
>this in addition to planning for my own retirement.  I am amazed how much
>money there will be for these kids educations.  Sure, the markets been
>great, but I believe the plan is as important as the economy.  I'm with Don
>and hope to retire young.
>Carl
>-----Original Message-----
>From: Rich Brown <RBrown@softwarejungle.com>
>To: 'MIDRANGE-L@midrange.com' <MIDRANGE-L@midrange.com>
>Date: Wednesday, November 25, 1998 4:10 PM
>Subject: RE: No retirement
>
>
>>I have been ignoring this thread until this email message.  It takes at
>>least 18 years for a child to make it to college from their birth, and
>>if you have not saved the money for them to go to college (which I
>>acknowledge is difficult) then it is your fault.  Why would you pay for
>>their college education from your retirement savings?  If you decide to
>>do that, the fair thing to do is insist that your child should take of
>>you after you retire since you paid for their college education from
>>your retirement savings.
>>
>>Richard Brown
>>TrailBlazer Systems, Inc.
>>http://www.softwarejungle.com
>>(770)850-6966
>>
>>> -----Original Message-----
>>> From: Krys Theodore [SMTP:ktheodore@marksbros.com]
>>> Sent: Wednesday, November 25, 1998 1:17 PM
>>> To: 'MIDRANGE-L@midrange.com'
>>> Subject: RE: No retirement
>>>
>>> As I have gotten older, I have become more concerned about this issue.
>>> I
>>> don't think that I have an option at this point.  I will be closing in
>>> on
>>> 60 when my daughter gets out of college.  I expect that will take most
>>> of
>>> my savings.  While I will never regret my 'late-in-life' child, I
>>> would
>>> love to know how I will ever be able to retire.
>>>
>>> ----------
>>> From: HankHeath@aol.com[SMTP:HankHeath@aol.com]
>>> Reply To: MIDRANGE-L@midrange.com
>>> Sent: Wednesday, November 25, 1998 9:36 AM
>>> To: MIDRANGE-L@midrange.com
>>> Subject: No retirement
>>>
>>> I've been reading recently that a lot of the baby boomers in the U.S.
>>> are
>>> coming to an astounding deduction: they may not be able to retire.
>>> Government
>>> assistance such as Social Security is unsupportable and too little,
>>> too
>>> late.
>>> The baby boomer generation has had to speculate on real estate, which
>>> has
>>> not
>>> shown the returns they need to settle into a retirement home. They
>>> have had
>>> children late in life, whom they now have to support through college
>>> and
>>> more.
>>> Pension plans  and savings have not been well managed. Inheritances
>>> are
>>> over-
>>> taxed. In other words, there is little left to take to the sunny
>>> beaches of
>>> retirement.
>>>
>>> For a person like my self, this is not a major problem. I have always
>>> loved
>>> work, and planned to stay on board until someone kicked me out of the
>>> organization. However, I am curious as to how this retirement scenario
>>> is
>>> viewed by Midrangers? What do you folks plan on doing?
>>> +---
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>>+---
>>| This is the Midrange System Mailing List!
>>| To submit a new message, send your mail to MIDRANGE-L@midrange.com.
>>| To subscribe to this list send email to MIDRANGE-L-SUB@midrange.com.
>>| To unsubscribe from this list send email to
>MIDRANGE-L-UNSUB@midrange.com.
>>| Questions should be directed to the list owner/operator:
>david@midrange.com
>>+---
>
>+---
>| This is the Midrange System Mailing List!
>| To submit a new message, send your mail to MIDRANGE-L@midrange.com.
>| To subscribe to this list send email to MIDRANGE-L-SUB@midrange.com.
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>MIDRANGE-L-UNSUB@midrange.com.
>| Questions should be directed to the list owner/operator:
>david@midrange.com
>+---
>
>+---
>| This is the Midrange System Mailing List!
>| To submit a new message, send your mail to MIDRANGE-L@midrange.com.
>| To subscribe to this list send email to MIDRANGE-L-SUB@midrange.com.
>| To unsubscribe from this list send email to
MIDRANGE-L-UNSUB@midrange.com.
>| Questions should be directed to the list owner/operator:
david@midrange.com
>+---

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