Sharing between the family

[stevewool]

Wow this is more interesting now,

If i was not in the west working hard and saving harder for our future, i know we would never be able to go back to the Philippines to live,

I have a small budget but i do know if its managed right we shall be ok,

Its been said from certain members of my new family that it is my Wife's  turn to look after the older generation as we dont have children to support and other things too, i am sure many here would like to share if sharing was to happen,

Yes we are all different and what suits one may not suit another all i can go on about is what i am told by the family and what i see too,

We all will deal with whats in front of us the best we can ,

[chris49]

16 hours ago, stevewool said:

Wow this is more interesting now,

If i was not in the west working hard and saving harder for our future, i know we would never be able to go back to the Philippines to live,

I have a small budget but i do know if its managed right we shall be ok,

Its been said from certain members of my new family that it is my Wife's  turn to look after the older generation as we dont have children to support and other things too, i am sure many here would like to share if sharing was to happen,

Yes we are all different and what suits one may not suit another all i can go on about is what i am told by the family and what i see too,

We all will deal with whats in front of us the best we can ,

You take your retirement age, which Steve I think you might have said was 66 or 67. And at that point in time you have no choice you have to live on a fixed income. But your needs will drop a little as you get older.

Then you take your current age (my case was 56.....then 62). So you see how many years you need to bridge the gap to full retirement. Then you put a few caveats on health and unforeseen circumstances. I did not work from age 56 up to 62....then from 62 onwards I'm covered by pensions. Age 66, still going on. I spent a lot, had a few ups and downs but I did not have to work.  Bottom line, I have had one amazing rollercoaster ride since I turned 56, but I would not trade that off for continuing working and ending up with a massive pile of money.

[stevewool]

6 minutes ago, chris49 said:

You take your retirement age, which Steve I think you might have said was 66 or 67. And at that point in time you have no choice you have to live on a fixed income. But your needs will drop a little as you get older.

Then you take your current age (my case was 56.....then 62). So you see how many years you need to bridge the gap to full retirement. Then you put a few caveats on health and unforeseen circumstances. I did not work from age 56 up to 62....then from 62 onwards I'm covered by pensions. Age 66, still going on. I spent a lot, had a few ups and downs but I did not have to work.  Bottom line, I have had one amazing rollercoaster ride since I turned 56, but I would not trade that off for continuing working and ending up with a massive pile of money.

Thanks Chris, life's ups and downs but at the end of the day we are all here to enjoy what we can , when we can

[Jack Peterson]

1 hour ago, stevewool said:

Thanks Chris, life's ups and downs but at the end of the day we are all here to enjoy what we can , when we can

 So come on down All and Do it, you know it makes sense  the rest we can all deal with as and when 

Edited March 13, 2016 by Jack Peterson

[stevewool]

4 minutes ago, Jack Peterson said:

 So come on down All and Do it, you know it makes sense  the rest we can all deal with as and when 

Jack, very soon my friend, just another 13 pay days, i am sure, dont put that drink on ice just yet, i want to drink it not suck it when i get there

[OnMyWay]

2 hours ago, chris49 said:

You take your retirement age, which Steve I think you might have said was 66 or 67. And at that point in time you have no choice you have to live on a fixed income. But your needs will drop a little as you get older.

Then you take your current age (my case was 56.....then 62). So you see how many years you need to bridge the gap to full retirement. Then you put a few caveats on health and unforeseen circumstances. I did not work from age 56 up to 62....then from 62 onwards I'm covered by pensions. Age 66, still going on. I spent a lot, had a few ups and downs but I did not have to work.  Bottom line, I have had one amazing rollercoaster ride since I turned 56, but I would not trade that off for continuing working and ending up with a massive pile of money.

Chris, we match up perfectly on the ages.  56 for me too, living on savings until 62.  On March 16th I will be 59.5 and can take some money from my Roth IRA to bridge me until 62 when I start SS.  No looking back and I am certainly enjoying the rollercoaster ride as well!  Now I gotta get back on the bike so I can kick your butt when I am 65 and you are 70!  

[OnMyWay]

8 hours ago, Dave Hounddriver said:

 Others who do not live my life  and know (as in have close ties with) the same people I know will never see things from my perspective. 

They will if you tell them to join this forum!  

[davewe]

11 hours ago, Carlo said:

my wife was asking what I am doing here and read the stuff.

She then simplified it down to a few sentences :

'We are brought up to share and care within the family, it is the only reliable structure we have in bad times. Family may have flaws and faults, but it is still the best and joyful system. As I saw (in Switzerland), you have replaced the family care with a government system of pensions and healthcare, but also pay a high price for this. At first I liked your system, but then I realized how cold the (family) atmosphere is there. I like it better in the Philippines, it is more joy to give directly to the needy in the family, than to pay the entire live into an anonymous government system. Anyway, this is how we are brought up, and it does not hurt. And abusive family members such as xx (quoting the black sheep) we also don't support."

I guess that explains a lot more than 1000 speculations :-)

The core sentence is more or less true, we in the West replaced ancient family values with a system of pensions, health Insurance and welfare for the poorest. (So did the evil commies in the former Eastern Block, joke) But of course we "pay" for that with a rather big percentage of our salaries.

And maybe also with a loss of closely knit "family joy".

 

 

 

 

You have a wise wife - congratulations!

[mogo51]

14 hours ago, stevewool said:

Wow this is more interesting abotnow,

If i was not in the west working hard and saving harder for our future, i know we would never be able to go back to the Philippines to live,

I have a small budget but i do know if its managed right we shall be ok,

Its been said from certain members of my new family that it is my Wife's  turn to look after the older generation as we dont have children to support and other things too, i am sure many here would like to share if sharing was to happen,

Yes we are all different and what suits one may not suit another all i can go on about is what i am told by the family and what i see too,

We all will deal with whats in front of us the best we can ,

Whilst this may be true Steve, there are a couple of things I believe you have overlooked.  Firstly,  it might be the family's opinion but is it Ems?  Secondly, you repeatedly indicate that you will have 'just enough'

to retire, that being the case, I would think that she would be the sole focus of your concerns.  She will be around long after you have checked out - my situation is the same and it is my sole focus. 

I have told my SO that is my position for as long as I am around, after I cash in the chips, she can do whatever and handle it whatever way she wishes.  I will achieved what I consider my obligations to SO.

Maybe factor this into the thinking, as has been said in these very good posts, they managed before you came along and will continue to do so if necessary!

[Jack Peterson]

33 minutes ago, mogo51 said:

They managed before you came along and will continue to do so if necessary!

 How true and it is coupled with something I think that tends to be forgotten, I read about this family bond and sharing, it's the Culture that's fine I admire that but and don't we love the buts. You gotta have something to share, Now we are hearing and again I admire this, they have had a long time in the culture and it is their way OK! No problem, now We are hearing that we (The Foreigner) has lost to a degree our family Ties and Social out look toward family. This is something I find odd that our loved ones can feel about us. What, if we did not come from a culture of providing for the Future, No pensions, No savings. would this not put us in the same Situation as a Local, Scratching around for a living. With little or no success 

I asked my Wife about the last couple of days posts on this and yes! She agreed to most of them But IF I did not have the pension, had enough savings to Build the house and live comfortable and be able to help the Family when needed, where would I be? Not here I would have thought, No work (Can't can we?) No Pension, probably not married and then where should she be. At home I guess still with mama?  Growing Daughter (Now 17) and just her salary to do what she is enjoying now. Not going to happen is it?

So lets look at the other side of the coin please, it is because we came from a culture that allowed us to and we did pay into Systems that provide what we have and have enough to share with those that need.

The OP I think, never wanted a Topic on us providing all the Pot but to what degree will the Family add to it.

I asked "A" what she would have done if I had not come along and all that there was left was  someone with No nest egg, little income and no pension. Hmmmmmmmmmm what should I do as I do have you and we are comfortable.

So not to muddy this any more that I may have, lets all think about why we are here, How we are here?

Probably more importantly, as I said to my Wife, Why are you married to me? Well apart from loving you and loving the way you have accepted my daughter as your own (1/2 her life now 9 years) and treating her as your own, I have Security. So I will say that the Security she feels and the comforts she enjoys could only come from a Culture that allowed us to provide into Retirement otherwise, why are local ladies marrying us (The Foreigner) She knows that what she has and the Help we do give would not be available if the West had not taught us about Tomorrow. I don't think we have or are missing the same family commitment as I don't think we ever had it, If we did Why are we here?

 

Over

 

Jack

Morning All