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Do we even trust our leaders to help?
Retiring old ideas about retirement
Social Security more solvent than most Americans realize
Focus group participants discuss retirement
Series looks at middle-class angst
Insurance misery has no easy cure
Health-care matchup finds Ohio falls short
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Quick thought on Browns rookies
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Stallworth test showed marijuana
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Men's Basketball Scheduling update
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As California Goes?
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Closings….Not the Good Kind!
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Video game sales drop in May
Published on Sunday, Aug 24, 2008
SPEAKING OF . . . After publishing findings that show Americans are earning less than their parents, the Beacon Journal invited readers to participate in focus groups. Here's some of what they said:
Nora Szlag, 64, of Stow: ''The trouble is a lot of young people are not educated enough about finances to invest properly in 401(k)s. When I first started, it was all managed for me. Then at some point in time, that changed and they gave you all these things to pick from. But you had to figure it out.''
Jimmy Taylor, 59, of Cuyahoga Falls: ''I would rather have a guaranteed pension that someone else took care of, that I knew I was going to get. In the past, that's the way it was. You never questioned your pension. I never questioned whether Goodrich or Goodyear or Ford was willing to pay me. Now, I do.''
Patricia Lindley, of Fairlawn: ''I looked forward to not working, but now I don't see that ever happening.''
Tom Fuller, 62, of Akron: ''You know, the people who I see retiring well are people in public-sector jobs. I mean, that seems to be the last place that has quality retirement programs. And the salaries at those public jobs have increased. They're decent salaries as well. . . . And no risk. There's tremendous security in civil service.''
Lyn Gwinn, 59, of Akron: ''Many boomers have a fear that in the future, our Social Security may be reduced and/or eliminated based upon balances in our 401(k) plans. This is no different than reducing what subsidy folks currently receive from Medicare for nursing home stays. For those who saved and were prudent, they receive substantially less government subsidy than those who spent all the money they had and never saved for retirement.''
Mario Nemr, 30, of Akron: ''My dad kind of retired. I don't think my mom knows how to retire. The kind of retirement where you play golf in the morning isn't really part of their life. I think it's like, 'We're done with this, so let's do something else.' ''
SPEAKING OF . . . After publishing findings that show Americans are earning less than their parents, the Beacon Journal invited readers to participate in focus groups. Here's some of what they said:
Nora Szlag, 64, of Stow: ''The trouble is a lot of young people are not educated enough about finances to invest properly in 401(k)s. When I first started, it was all managed for me. Then at some point in time, that changed and they gave you all these things to pick from. But you had to figure it out.''
Jimmy Taylor, 59, of Cuyahoga Falls: ''I would rather have a guaranteed pension that someone else took care of, that I knew I was going to get. In the past, that's the way it was. You never questioned your pension. I never questioned whether Goodrich or Goodyear or Ford was willing to pay me. Now, I do.''
Patricia Lindley, of Fairlawn: ''I looked forward to not working, but now I don't see that ever happening.''
Tom Fuller, 62, of Akron: ''You know, the people who I see retiring well are people in public-sector jobs. I mean, that seems to be the last place that has quality retirement programs. And the salaries at those public jobs have increased. They're decent salaries as well. . . . And no risk. There's tremendous security in civil service.''
Lyn Gwinn, 59, of Akron: ''Many boomers have a fear that in the future, our Social Security may be reduced and/or eliminated based upon balances in our 401(k) plans. This is no different than reducing what subsidy folks currently receive from Medicare for nursing home stays. For those who saved and were prudent, they receive substantially less government subsidy than those who spent all the money they had and never saved for retirement.''
Mario Nemr, 30, of Akron: ''My dad kind of retired. I don't think my mom knows how to retire. The kind of retirement where you play golf in the morning isn't really part of their life. I think it's like, 'We're done with this, so let's do something else.' ''
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