Saturday, May 20, 2017

Keeping retirement weird. Wealth matters? It sure does. | Fred Klonsky

Keeping retirement weird. Wealth matters? It sure does. | Fred Klonsky:

Keeping retirement weird. Wealth matters? It sure does.

One of the subjects that Dad and I didn’t need to talk have a talk about as he approached his passing at age 85 was handling the inheritance.
There wasn’t any.
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Vicki and Ron Weiner have talked with their two daughters about the wealth they will inherit. “The thought of being left all of this money is outside of their frame of reference,’’ Mr. Weiner said.CreditAlex @roblewski for The New York Times
Dad had Social Security and some veterans benefits. But after a lifetime of hard work there wasn’t anything in the way of savings or investments.
Like millions of working class Americans, he left the world leaving pretty much nothing behind in the way of money or possessions.
It made his final years stressful, to say the least.
It is a common story.
That is why when state legislators threaten to take away pension benefits that were promised to those who are depending on those benefits, as Illinois senators did last week, it is really shitty.
Someone wrote me last week complaining that all I do is talk about the problems of Keeping retirement weird. Wealth matters? It sure does. | Fred Klonsky:
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Tell your Illinois state representative to vote no on pension theft. I did. Will Guzzardi responds. | Fred Klonsky - http://wp.me/p4C3g-l0i 

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