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Katydid
Vincent Chan
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Comments by "Katydid" (@katydid2877) on "Vincent Chan" channel.
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You need a government job for a good pension. A good pension paid for by taxpayers.
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@ladhkay So, never see our families again?
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I’m 66. My son is 36, a millennial, but don’t call him that. He doesn’t identify as a millennial. Gen X is from older boomers who are max 79 this year.
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I have to budget to buy groceries, so a cruise is not on my list.
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Get a trust.
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If it pencils you should definately do that.
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@ada-yw1bb I am a taxpayer. I’ll get a long term care policy when they cancel Medicaid.
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Some people rather cry in their car on TikTok about how hard it is to work 40 hours, while they sit there with salon nails and highlights, and an $8 coffee in the cupholder of their 1 year old car.
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@austinburns4213 They get brainwashed about it, too. My brother is a retired teacher and he will not admit his benefits/pension comes from taxpayers/parents. No … they come from the district. 🙄
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Should get a trust.
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@benton-benton Very true. Tons of videos on YouTube of seniors living in their car or motels in poverty. They’re not passing along anything.
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@soujemn5 So, every month or 2 I would fly back to see family? That would be expensive.
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Oldest boomers, some already gone. Gen X was born ‘65-‘80. Boomers ‘46-‘64.
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@Kevin-mk6jo Son works plenty. He has a good job, wife, 4 kids, wife homeschools kids. And I’m not dead yet. When I’m dead, who would I give my condo to, assuming I still have it in 15-20 years?
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@Wes-Tyler Nope
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Thank you. I was thinking all this. The “rich boomer” thing is tiresome. Everyone that posts these kinds of videos act like they’re all dying tomorrow, they’re all rich and they’re all giving their kid their houses and the kids will sell them the next day. Not gonna happen.
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@parkerbohnn “Cheap” is relative. Lots of people can’t afford $600K for a common suburban ranch.
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I have already told my son he’s not “taking care” of me. I have zero desire to put that on him. Everything I have is in a trust for him. If I can’t take care of myself, it’s off to the nursing home for me.
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@Toomanydays Also 66. My grandkids are 3, 6, 10, and 18.
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@andrewmueller23 Whatever is in the trust is no longer yours, so once you run out of the cash on hand, Medicaid pays the nursing home.
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Who are you talking about?
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40% rely on social security alone in retirement. But sure, you can talk 💩 about your grandma.
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@Shadowtiger2564 Google Charlie Gard and Alfie Evans.
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@Ajaxykins When did boomers vote on healthcare? I had a good plan prior to ACA, but lost it when it tripled in price because I didn’t qualify for the taxpayer subsidy, so I didn’t have any for many years.
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@PaulVega-y9v Sure they did. They paid into it and my Dad had a pension from Boeing. They’re gone now. I’m 66.
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@parkerbohnn “Pocket change” is relative.
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How’s that?
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@1969bones69 Some, not all. And it’s called Medicaid.
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How?
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I was in high school in the 70s, but I bought a house in ‘86. 12% interest. It was $95K because it was waaay out in far away suburbs. I lived there 3 years. Today that house is valued at $475K which is truly laughable. It ain’t worth it at all.
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Don’t people get trusts?
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@jamesarmes3098 An irrevocable trust is no longer my stuff. Taxes are paid on income from the principle like interest, but there’s no taxes on withdrawals of the principle by the beneficiaries. After I use up all my cash, I qualify for Medicaid for a nursing home cause everything else is in the trust.
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Trusts?
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@KRYMauL In a house with no mortgage?
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@watamutha Born in ‘58. No pension, parents paid for my 2 year degree, I didn’t have insurance back then, and I wouldn’t call a 16% mortgage cheap housing. My Mom was a stay at home Mom, I was also, and now my dil is also and is homeschooling their 4 kids. I didn’t have an inheritance. My Dad worked in a factory.
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19% of people over 65 in the US continue to work.
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@eldritchbeauty Except for the boomers with a trust.
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@benton-benton The oldest millennials are 43. Not exactly middle age.
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Cancelling social security has been a Dem politician talking point for 50 years. They need new material.
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