So Many People Turning 65 This Year (and they all want your stuff)

You picked an odd title; I would not have classified this as "stuff". It's more to do with finance, I think. The companies want your money, not your furniture or your DVD collection, right?

The only 'competition' is the usual financial marketplace competition for the $$$s. And it's a simple equation: if you don't have a lot of $$$$$$, they don't want to do business with you. Not enough profit to make it worthwhile.

It's not like anyone is going to shanghai me off the street and start yammering about "Buy this! No, buy that!"

It's the same as if I was buying a car - I have to SHOW my interest first before the salesmen take notice. If I never walk into the dealership or click on a web link, how would anyone realize I'm ready to drop xxxxx dollars on a new vehicle?
 

401(k) and the like was always a plan to denormalize and eliminate DB pensions and put the money into the hands of the Wall Street Casino with heavy skimming (management fees). This Blackrock scheme just takes it to the next level.
 
Lethe200 said:
You picked an odd title; I would not have classified this as "stuff". It's more to do with finance, I think. The companies want your money, not your furniture or your DVD collection, right?

The only 'competition' is the usual financial marketplace competition for the $$$s. And it's a simple equation: if you don't have a lot of $$$$$$, they don't want to do business with you. Not enough profit to make it worthwhile.

It's not like anyone is going to shanghai me off the street and start yammering about "Buy this! No, buy that!"

It's the same as if I was buying a car - I have to SHOW my interest first before the salesmen take notice. If I never walk into the dealership or click on a web link, how would anyone realize I'm ready to drop xxxxx dollars on a new vehicle?
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Too many times we see something called news which is disguised marketing. Why would someone thing that signing up for a particular form something for nothing. The lipstick on that pig is offensive. Under the wrapper you find that there is a larger deductible, or limited point of care, and in the end the pretty pot of gold is tin foil wrapping an unexpected surprise.
 
Lethe200 said:
You picked an odd title; I would not have classified this as "stuff". It's more to do with finance, I think. The companies want your money, not your furniture or your DVD collection, right?

The only 'competition' is the usual financial marketplace competition for the $$$s. And it's a simple equation: if you don't have a lot of $$$$$$, they don't want to do business with you. Not enough profit to make it worthwhile.

It's not like anyone is going to shanghai me off the street and start yammering about "Buy this! No, buy that!"

It's the same as if I was buying a car - I have to SHOW my interest first before the salesmen take notice. If I never walk into the dealership or click on a web link, how would anyone realize I'm ready to drop xxxxx dollars on a new vehicle?
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I was thinking in terms of Senior specific housing. I was trying to be ironic.

IDK - if a shortage on walkers and walk-in tubs are in the future, maybe that's the stuff we'll have to compete for in the future? There's already a shortage of AC techs and general contractors in my area. Seniors are always calling those guys because it gets to the point where they are too old to safely do many small fix-it tasks alone.

We should tell young people today that if they like working outdoors and live within 30 minutes drive of a Senior population, they should consider becoming landscape designers and gardeners. Many Seniors hire them even for small jobs.
 
This thread looks like it belongs in the Financial or maybe Retirement Section. It is certainly very much about retirement and retiree finances.
From the linked article you posted:
"Although she plans to stop working in about a decade, Jennifer Messina, a 51-year-old administrative assistant in Nutley, New Jersey, said she isn’t worried about retirement because her husband’s job affords them a union-sponsored annuity (an insurance product that pays out income) and a pension plan."

I think Jennifer is foolish to depend soley on her husband's job to be the source of their retirement income. What happens if they shut down or he gets terminated or dies? No way to know what benefits she'd be entitled to then. And what if the annuity company folds? Anyway, I think we women should always have our own savings/investments, credit histories (work to achieve excellent FICO scores) and seek to establish financial security on our own.

I don't get bombarded with financial solicitations, especially not by phone. I'll occasionally get solicitations by a banks offering perks for opening accounts. Junk mail...toss. The worst are the Medicare mailings. I have called a few companies to tell them to take me off their lists. Will we be targeted in ads? Yes. Do we have to pay attention to them? No. To say they "want all our stuff" seems like an exaggeration IMO.
 
OneEyedDiva said:
This thread looks like it belongs in the Financial or maybe Retirement Section. It is certainly very much about retirement and retiree finances.
From the linked article you posted:
"Although she plans to stop working in about a decade, Jennifer Messina, a 51-year-old administrative assistant in Nutley, New Jersey, said she isn’t worried about retirement because her husband’s job affords them a union-sponsored annuity (an insurance product that pays out income) and a pension plan."

I think Jennifer is foolish to depend soley on her husband's job to be the source of their retirement income. What happens if they shut down or he gets terminated or dies? No way to know what benefits she'd be entitled to then. And what if the annuity company folds? Anyway, I think we women should always have our own savings/investments, credit histories (work to achieve excellent FICO scores) and seek to establish financial security on our own.

I don't get bombarded with financial solicitations, especially not by phone. I'll occasionally get solicitations by a banks offering perks for opening accounts. Junk mail...toss. The worst are the Medicare mailings. I have called a few companies to tell them to take me off their lists. Will we be targeted in ads? Yes. Do we have to pay attention to them? No. To say they "want all our stuff" seems like an exaggeration IMO.
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I'm sorry. I was trying to make light of it.
 
Mr. Ed said:
I am past 65, and it seems my wife and I are getting a new house make-over. All that needs to be done is have a truck smash into your house, but I don't recommend it.
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Just like the foretelling of the cicadas these days, the impacts of the baby Boomers reaching retirement age has long been predicted. It's a reality today and will continue for several more years.
 

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