Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > iRV2.com General Discussion
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 04-13-2012, 07:22 AM   #1
Member
 
Join Date: May 2011
Posts: 94
Question financial guru's (demise of dollar)

While I do read and listen to various financial advisors I do not take everything said as gospel. As I am planning on retiring at end of year I am concerned (not that I can do anything about it) that if the financial prognosticators are correct that if my dollars end up being reduced by half then in fact I should continue working till I die. Allegedly if the bankrupted american financial system collapses whether next year or the next 5 years and the dollar is no longer the "reserve currency" as some predict where do you believe we are headed??
__________________

__________________
ToledoCharli is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 04-13-2012, 07:25 AM   #2
Community Administrator
 
Clifftall's Avatar


 
Fleetwood Owners Club
Ford Super Duty Owner
Join Date: Aug 2009
Posts: 29,106
Personally, I think you should head to another Financial Guru that won't prematurely scare you like that. The sky is not falling IMHO.
__________________

__________________


Cliff,Tallulah and Buddy ( 1999-2012 )
Clifftall is offline   Reply With Quote
Old 04-13-2012, 07:26 AM   #3
Senior Member
 
Winnebago Owners Club
Freightliner Owners Club
Join Date: Aug 2006
Posts: 1,500
I have been retire ten years yesterday. Never had any problem with the dollar. I don't know where we are headed but I am not worried about chickens falling out of the sky either.
__________________
MaverickBBD is offline   Reply With Quote
Old 04-13-2012, 07:33 AM   #4
Senior Member
 
Wizard's Avatar


 
Winnebago Owners Club
Freightliner Owners Club
Join Date: Mar 2007
Location: Home on the hill in Georgia
Posts: 2,457
Was scared almost to death 9 years ago when I retired, but really didn't have much choice. Since then we have weathered several financial crisis and decided to just don't worry about it. I do meet with my financial adviser once a year and have made some changes in investments over the years and we are still going.

If we have money to spend great, if everything goes south, well we will just make do.

Its been a great life since retirement

Jerry
__________________
Jerry & Patsy Potter, Taz & Jake Jr.
2000 Winnebago Journey
2006 Ford Explorer 4X4
Wizard is offline   Reply With Quote
Old 04-13-2012, 07:35 AM   #5
Senior Member
 
gmadams's Avatar
 
Thor Owners Club
Freightliner Owners Club
Join Date: Aug 2011
Location: Jamestown, NC
Posts: 1,469
Retired last August and enjoying it. The DW and I are not worrying about the sky falling. Sure some of my investments are on a roller coaster ride lately, but I'm not losing any sleep over it.
__________________
Gary and Kay & Chipper
2018 Thor Tuscany 38SQ
2012 Colorado Crew Cab
gmadams is offline   Reply With Quote
Old 04-13-2012, 11:22 AM   #6
Moderator Emeritus
 
SarahW's Avatar


 
Fleetwood Owners Club
Ford Super Duty Owner
Join Date: Oct 2011
Location: In a lawnchair
Posts: 11,204
Quote:
Originally Posted by ToledoCharli View Post
While I do read and listen to various financial advisors I do not take everything said as gospel. As I am planning on retiring at end of year I am concerned (not that I can do anything about it) that if the financial prognosticators are correct that if my dollars end up being reduced by half then in fact I should continue working till I die. Allegedly if the bankrupted american financial system collapses whether next year or the next 5 years and the dollar is no longer the "reserve currency" as some predict where do you believe we are headed??
Only you can decide your personal financial comfort level. Think of it this way, if the entire American financial system collapses, you probably won't have a job anyhow. My hubby just turned 57 and will retire in 3 years come hell or high water. We feel secure, but who knows what the future will hold. "Don't worry...be happy."
__________________
.2012 Fleetwood Bounder 33C | 2012 Jeep Wrangler

SarahW is offline   Reply With Quote
Old 04-13-2012, 12:00 PM   #7
Senior Member
 
Ford Super Duty Owner
Join Date: Jan 2011
Location: Kitts Hill, OH
Posts: 1,863
From most of the people preaching the end is near for paper money I usually see they are selling gold or promoted by those that are selling gold or something like survival supplys.
__________________
(RVM#26) THE U-RV 94 F-700/24 foot U-haul box home built RV
Mekanic is offline   Reply With Quote
Old 04-13-2012, 12:04 PM   #8
Community Administrator
 
Clifftall's Avatar


 
Fleetwood Owners Club
Ford Super Duty Owner
Join Date: Aug 2009
Posts: 29,106
Quote:
Originally Posted by Mekanic
From most of the people preaching the end is near for paper money I usually see they are selling gold or promoted by those that are selling gold or something like survival supplys.
You hit it right on the Gold bar.
__________________


Cliff,Tallulah and Buddy ( 1999-2012 )
Clifftall is offline   Reply With Quote
Old 04-13-2012, 12:31 PM   #9
Senior Member
 
Wanabee FTer's Avatar
 
Gulf Streamers Club
Ford Super Duty Owner
Join Date: Jul 2010
Location: Golden Village Palms, CA
Posts: 1,988
Blog Entries: 12
Investment companies want all people to work until they die so they can profit on your 401k plans. If you listen to them you need at least 10 million dollars before it's "safe" to retire.

I decided life is more important then money and retired early.
__________________
John
'98 Gulf Stream Sunsport 325, 7.5L Banks Power Pack, Koni FSD's, Air Bags, ReadyBrute Elite,
2000 Honda Accord

Wanabee FTer is offline   Reply With Quote
Old 04-13-2012, 12:59 PM   #10
Senior Member
 
JimmyLeggett's Avatar
 
Damon Owners Club
Texas Boomers Club
Freightliner Owners Club
Join Date: Jun 2011
Location: Hubbard, Texas
Posts: 274
Blog Entries: 11
Send a message via Yahoo to JimmyLeggett
I semi-reitred March of 2011, our pensions and social security are certainly not what we were accustomed to but we are adjusting. I am blessed with a job skill that is in very hight demand and pays really good, in a single 30 day trip I can make my RV expenses for the year in two trips all our extra expenses for the year.
I am not really worried, if the sky does fall, we will all be in the same leaking boat and we in the RV world at least have our RVs just in case. If it happens, no one will have anything so we will continue the march and enjoy life
__________________
Jimmy & Judy, Army retired, 2004
09 Damon Astoria, 340HP ISB Cummins
Flippy Do, Tara and sometimes Sweet pea
JimmyLeggett is offline   Reply With Quote
Old 04-13-2012, 02:56 PM   #11
Senior Member
 
traveler of california's Avatar
 
Freightliner Owners Club
Join Date: Jul 2001
Posts: 1,048
So, you folks are not concerned about the 16 trillion dollar debt (which continues to grow), a federal budget that borrows 40 cents of every dollar spent, a congress and president that thinks that a cut in the rate of growth is a cut in a budget, and entitlement programs that are unsustainable. Yep, no problem here.

I'm already retired and am loving life, but to be unconcerned is a foolish strategy IMO. Just because it has always been, doesn't mean it always will be. Just look at the value of your home if you own one.

Nick
__________________
traveler of california is offline   Reply With Quote
Old 04-13-2012, 06:25 PM   #12
Senior Member
 
Workhorse Chassis Owner
Join Date: Jun 2006
Location: Northwestern Montana
Posts: 3,138
Quote:
Originally Posted by traveler of california View Post
So, you folks are not concerned about the 16 trillion dollar debt (which continues to grow), a federal budget that borrows 40 cents of every dollar spent, a congress and president that thinks that a cut in the rate of growth is a cut in a budget, and entitlement programs that are unsustainable. Yep, no problem here.

I'm already retired and am loving life, but to be unconcerned is a foolish strategy IMO. Just because it has always been, doesn't mean it always will be. Just look at the value of your home if you own one.

Nick
Nick, as an individual, what can I do in my lifetime to alleviate the situation the country is in? I'm 73 and retired.
__________________
Dieselclacker
dieselclacker is offline   Reply With Quote
Old 04-13-2012, 06:41 PM   #13
Senior Member
 
Join Date: May 2009
Posts: 258
Nobody can predict the future, imho the difference between an economist and an ordinary person is the economist will try. As someone has already said you have to do what you think is right for you.
__________________
Dave
2004 Newmar KSDP 3353
Surrey B.C.
srydve is offline   Reply With Quote
Old 04-13-2012, 07:24 PM   #14
Senior Member
 
Wizard's Avatar


 
Winnebago Owners Club
Freightliner Owners Club
Join Date: Mar 2007
Location: Home on the hill in Georgia
Posts: 2,457
If the whole country goes down the tubes, everyone will be in the same shape I'm in so we will all still be even. ALL ABOUT BROKE
__________________

__________________
Jerry & Patsy Potter, Taz & Jake Jr.
2000 Winnebago Journey
2006 Ford Explorer 4X4
Wizard is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 08:53 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.