Thread regarding Chevron Corp. layoffs

I say dim only because your assumptions are off (our demographic distribution is not the same as years past become the old folks live a lot longer:

https://en.m.wikipedia.org/wiki/Demography_of_the_United_States). About 25% of the USA population is children (under 21) and about 25% in your 55 plus, which in your plan leaves just the remaining 50% to do the work to pay the bills and keep the lights on. But wait, your generation (baby boomers) left us with a 19 trillion USD debit (which is about 90k each off the top of our retirement savings, plus a decaying infrastructure and a planet ready for shake & bake with seasoning). Now you wish to lay back and rest because a wee set back in your career (in a time the overall economy is booming) and mount the communal table to demand food and drink. I am one of those villainized liberals around here, and even I am going to tell you it isn't going to happen... a hand up is one thing but swilling the trough indefinitely quite another!

@1dyjx - You do realize that to anyone like myself who has been reading this discussion, your constant insults and personal attacks don't do your cause any good. I don't have any sympathy for the fellow who's trying to game the system to get the most from the government as possible, but if anyone could make me take his side, you could. I've never thought that a guaranteed minimum income was a very good idea, but your stupid name-calling is convincing me to take another look at it. Of course, I suspect that you'll respond to this by hurling childish epithets my way, so feel free to let them fly.

Isn't that less than Social Security anyway? So what's the question? Oh - I get it , they want to retire EARLY AND sponge off of the government (the rest of us) like pathetic little parasitic dependent children at any age that they desire!!! This gives a new meaning to the phrase "dependent on the nanny state from cradle to grave!

ROTFLMMFAOBOAY~!

(Where are you, my woman-less, jobless, no prospects friend? please again project your pathetic predicament on us, it's therapeutic, isn't it?)

I'm not dimwitted-1dowp. You are ignoring that the population of citizens 55+ are far fewer than the younger group. You all are working and many of us older folk are not. One day, everyone will be in the older generation demographic. It's only fair we should be entitled to "basic income" and a subsidized healthcare plan. What's so wrong with that?

"After a certain age, let's say 55, many things need to be free or subsidized heavily"... well even if your dream came true, I am sure you would not expect the government (i.e., the rest of us) to dole out to you more than the minimum age earned by folks actually working 40 HR a week?

"The weekly take-home pay for a 40-hour-a-week minimum-wage employee, after Social Security and Medicare taxes. That adds up to $13,926.38 per year, or just over $1,150 per month. The commonly cited minimum wage annual salary for a 40-hour-a-week worker is $15,080 — before taxes"

With that pay housing, car, food, health ins, and the rest. Party on my dimwitted friend.

I agree with you -1cceg. After a certain age, let's say 55, many things need to be free or subsidized heavily. The government taxes us at every level throughout our working lifetime. It's only fair that after we're 55 and no longer working, the government should give us a basic income or essential services for free. Right on.

Yes Indeed my pathetic butthurt brother!! Life should be free, I always say. The best price is "free" too! We should all be able to get free stuff that we didn't work for provided by someone else who had to work their A$$es off to produce it!!! The world owes us a living simply by virtue of us being born!

Amen my asshurt brethren..... God bless you, son.

1crfq - I have already started lobbying for "basic income". From grass root organizations in Texas all the way up to Washington DC. After being laid off at 56, age discrimination is alive and well in almost every workplace, not to mention new technology including A.I. and robotics. Finding work at my age is very unlikely.

Well, as it has been said many times before, there are the makers and there are the takers. In general that is also referred to as the conservatives and the liberals. Some young liberal takers have even been so bold as to (horridly) call themselves "democrat socialists". It is apparent now that all those takers are not just young struggling college age kids, some of them are older retirees! I bet that many of those millennials on the forums would be surprised to learn about how so many baby-boomers that they despise are just like them!

You guys can start lobbying together for "basic income" next!!

P.S. - if you reply to this with a references to taxes or tax breaks, just remember that the person paying the taxes or getting the tax breaks earned that money to begin with, except in the case of Earn Income Tax Credits, (an oxymoron, it's not earned) where you get back money that you did not pay in. That's more equivalent to the structure of the ACA.

-1cfgj, saving $12 grand on my medical insurance by using ACA subsidies is only one of my investments strategies. It helps justify my vacation allowances.

@iblra, Or should we all call you the sophisticated investment wiz-retard, ADMITTED tax cheat, large living, dirt poor man who is so thrilled to be saving $12k a year on his ACA subsidies. By the way, if you're aiming to impress folks at this p!ssing party with your LARGE assets, you whipped out a pretty small one. My advice for you, stay in Madrid and don't go to the beaches, the Spanish girls will laugh.

All you guys on this thread are continuously posting tactics and strategies about how you are able to look poor on your tax return, etc. in order to receive benefits of this that and the other. And others mocking that approach. My finances are not that tightly budgeted and I have several orders of magnitude times what I need to live in my be beautiful home with just me and my wife until we die even without Social Security. And I don't need Obamacare and never did. never gave it a second thought. What are you guys so anally obsessed about saving every little penny for? You actually live your lives like that? Call that livin'? I don't even think about it. What kind of a worrisome retirement life is that? If you are so concerned that you have to jump through hoops to trick the IRS and whatever else, your priorities in retirement are definitely in the wrong place. Are they going to line your coffin with the leftover savings? You really don't have that much time left. You guys are stressing out about things that you should have already taken care of many moons ago and are losing sight of any actual enjoyment in life and retirement. Focus on something more important.

Good luck to all of you, and especially to those affected by the storms, past and present.

1cwtl, Speak for yourself. No envy here, I am enjoying a single malt as I type this in one of Conde' Nast Traveler's #1 cities, where I have a second home. If you look in your mirror and see an envious, greedy, jealous person who has taken from others rather than giving, then you have found the problem. I doubt you will discover it on the Internet in a forum populated by anonymous cowards posting fictitious or pathetic loser stories. Successful people do not frequent this type of thread. Write that on your chalk board a few hundred times, son, maybe it will sink in.

I'm picking up a bit of envy in your words @1bafu. Don't be. There are people who are better off and worse off than ourselves. I know where I stand and not bothered where you or anyone else are.

1blra, No, you are a slumlord and your finances look pretty feeble for a retiree. I know many millennials with double and triple your assets, easily and they wouldn't even consider retiring. You did not prepare well for your future and did not invest well, evidently. How long have you been investing with such a tiny nest egg ? Did you miss the recent bear market? You need to depend on government assistance, I see. There's no shame in that, though. Don't feel bad. Join the club. It's a shame that you have worked all those years to basically be promoted to social parasite, a receiver of hand-outs, basically a leech on society who cannot stand on your own two feet without being propped up by government aid. That's the breaks, though. I am happy that it's you, and not me. Good luck and I suggest you keep voting for more hand-outs (democrat).

"Leave Brittney ALONE!!!!!!"

"I'm a sophisticated investor" then you post your pitiful financials!!! You can't make this stuff up!!

ROTFLMMFAO! - You pathetic little child!!!! What a tool!! Yes, you need the ACA is RIGHT!!!!

I will not make fun of you any more you pathetic little simpleton loser. I sincerely apologize. I will pray that they continue the ACA for you and all the other deluded retirees who are living in denial about their investment expertize. So sorry sweetie. I had no idea.

@1baoj, there's no use teaching or tell you how to live large while looking dirt poor on your 1040 tax return. It seems you are the run of the mill basic saver or small investor. Nothing wrong with that, mind you. I'm a sophisticated investor who has been around a long time. I'm only 3 years from hopping over to Medicare Advantage and the Chevron post-65 retiree medical plan. All I'm doing now is coasting without having to live pinching to many pennies. I have no need to touch my $2.1MM in retirement savings (401k or Traditional IRA). For the moment, you guessed it right. I'm making due nicely enough with bank savings, Roth IRA distributions and rental income from 2 paid off properties, of which I don't report but 1/10th as taxable income. I'm essentially "poor" as far as the IRS is concerned. That's how I qualify for a fine ACA plan that's subsidized by the government. Sweet right?

@iaahy, How do you pay for all these vacations while your earned income is so low? Got a big fat wad of cash sitting around earning nothing? Yes, you may save $1000 bucks or so a month on your subsidized health care but what about the missed-opportunity COST of having all the cash stuffed in your futon while the stock market keeps setting record highs. If you are such the great investor and financial wizard that you claim to be, you'd be coming out ahead by putting your money to work and not living income poor. MERRY CHRISTMAS!

October will be here next month and the employer-based open enrollment plans will surely be going up in price and the plan itself getting watered down. In November, the ACA open enrollment period will begin. I'll know what increases, if any, are in store for me. There's no action seemingly coming from our weak Congress on Obamacare. I'm beginning to think the subsidies will continue and maybe even increase in 2018. Either way, I'm pretty sure I'll be in good shape with my ACA plan. It's better in many ways to the ones Chevron has for its employees.

@NYl0bIP-1aahy, Wow, you are stepping into the hornets nest & breeding ground of Al-qaeda/Islam terrorist recruiting central? You are much braver than I am! God bless you and I will pray for your well-being, sir. Take care and practice vigilance at all times. Good luck to you and I will pray that you make it back safely. Let us know how it turns out if you make it back.

1aahy, I do not take a vacation now being retired. My life is a continuous vacation and I travel continuously, fly first class, stay at the best hotels, and eat at the finest restaurants. And I do not receive government entitlements nor do I need to act smug and tell the working class folks whom are funding my entitlements "FvcK You, I am living large while you work and pay for my undeserved entitlements that I did not pay a penny into" as you do.

I do not need to do that for I pay my own way, prepared well for retirement and made better choices than you , apparently. Enjoy being a parasite on others and being smug and telling them that you are stealing their money that you did not earn but somehow feel that they owe you, like a greedy liberal democrat would do. Some people are generous, nice, hard-working, successful, independent, self-sufficient, and grateful, and some people are like you. Nice to not be like you!

@NYl0bIP-1ajix, Welcome to the forum! No, sorry, but you are wrong. The term "Financially Independent" as in FIRE (Financially Independent Retire Early) is not the same as financially fit. In fact, "Financially fit" is not a widely used term at all, it;s just a vague description. And if it includes being a parasite on the working class while one sits on his/her bum like a pathetic worthless loser liberal and collects temporary entitlements, whether it be ACA subsidies, Welfare, Foodstamps, Medicaid, FEMA aid, whatever, it's not one and the same as "Financial Independence". No where near. Many losers on this forum are financially illiterate, that's true. Perhaps you too? Independence implies independence, not dependence. (Wow, no $hit??) Financially fit could mean anything. It could simply mean you have no debt, but are still living from paycheck to paycheck, which is above average for many. It is in fact close to meaningless in the financial world. If you care to give this unknown phrase a definition, pleases do. Until then, feel free to S-T-F-U. !!!

I've been able to take 3 or 4 vacations of 5 days or more each year since retirement, thanks to the low cost ACA plan you guys are helping me with. Thanks. - P.S., now planning my Christmas and New Years in Madrid, Spain.

"Financial fit" or "Financially independent" is the same thing, moron. Don't get bogged down in semantics.

I'm financially independent and don't accept nor need government assistance. I know that's a bit foreign to most of you guys posting here. It's called planning ahead and making the right savings and investment decisions. Being "financially fit" based on government assistance never entered into the equation and I do not used it for future calculations. (SS, MC, etc).

1awwx, Yes indeed - you are on welfare and a parasitic sponge. financially fit because you are a mooch. No different than collecting Food Stamps, Welfare and Medicaid, those people are financially fit also - LOL! Not Financially Independent in the least, though, but who care's right? You are financially fit with "other people's money" You have worked all these years to make it to the bottom!!! ROTFLMAO!!

With sarcasm and all, I see you understand things perfectly, 1amec. I'm financially fit and the government (taxpayers) keep giving me more. I love it.

Yea, that's rich. I'm a great investor, have a fantastic house, car, boat, etc. And I'm receiving government subsidies, basically handouts, for health care insurance, which makes me dependent, and not Financially Independent at all! I worked 40 years so that I can get on government entitlements that I did not pay into, Welfare. But, yet I call myself "successful" LOL. You can't make this stuff up, I tell you!

19zmm,Yes, I'm s---ing the hind gubmint tit also right beside you. There's a difference, though. I realize that I'm a pathetic loser and dependent upon the government and also that those who can actually support themselves and not be pathetic sponges are men and we are pathetic children who never grew up,especially you, living in denial. I also realize that Others are not jealous of us, and that is a pathetic cry by imbeciles like you to try and compensate for not being truly successful. No one is "Jealous": of a pathetic dependent idiot like me or you who has to depend on entitlements. You nor I "prepared well" nor do we know how to invest successfully. That's laughable how you say you "diversied my investments" as if you have a clue about investing. You are not a success. You are receiving government subsidies for health insurance. HELLO - McFLY! - LOL. First, learn to spell and use English, then resign to the fact that you, like me are a dependent parasite and not financially independent, the farthest thing from it. F.I. individuals do not need the ACA, birdbrain, they have enough passive income that the private insurance premiums are but a drop in the bucket and are laughing at the likes of you and me. When you get that English lesson, see if they wouldn't mind selling you a clue also, ROTFLMAO!!!

I'm with you, 19qmr. I'm on the government tit too with Obamacare and laughing my a-- off at the rest of these jealous types. I (and maybe you too) set myself up financially years ago, diversied my investments and protected myself against tax implications. Luckily this ACA law doesn't care how wealthy one is, but only how much taxable gross income one reports to the IRS. So here I am with this gracious ACA plan that is in fact better than what Chevron is giving their employees these days and I'm only paying $82 while the government kicks in $1220. That's a lucky break for me. Call me a sponge if you like, but I will keep this plan into 2018, 2019 and 2020 if I can. If there's a lesson my critics should learn, it's to diversify your savings and investments with a keen approach to avoid taxes or the appearance of wealth. I did and now I'm reaping rewards in retirement. Knowledge is power and complaining is for losers.

I am on Obamadon'tcare and I am happy about it for one reason. I did not vote for it and I did not pay for it throughout my career, like everyone did not. However, it is being paid for now by the healthy young parasite do-nothing millennials who voted for this abortion. The healthy people paying in now, the entitled useless snowflake millennials have to support us old farts. That's so nice of them for finally paying in a little after they were spoon-fed all these years with trophies for attendance and always told that they were right. They voted for it , they got it!! I am enjoying my $50 a month coverage for my diabetes and long list of meds totaling about $2000 or so a month retail. Keep working for me you little pathetic entitled whipper-snappers, you owe it to us for being nursed like entitled babies your entire childhood, well after our generation would have been working and supporting ourselves.

19nlp, What are you whining about you pathetic little parasite sponge snoflake? Who are you even replying too, the big bad gubment big brother, your daddie? Are you another one who is svcking at the gubmint teat? I would be detached from reality like you too, if I had worked for all those years and was reduced to a mumbling parasite. You need to collect your entitlements just to exist and you insist that you are right and everyone else is wrong. Don't cry, little baby, things may turn around for you one day and you can stand on you own two feet and be a man instead of a small child.

19ssi, You are obviously a whining baby on Obamacare and feel self-conscious about it. You are a government dependent. It's no wonder that you are on here whining and complaining. Many qualify for many government hand-outs technically but don't get in line with the rest of the free-loading bottom-feeders.

Christ, 19lia. It's not so much about whether you can afford to pay for real premium healthcare, but more about if you really have to. Apparently, you don't qualify for it or you freely elect to choose something else. For those who want to go the ACA route, it's available if they can qualify. I think you can understand that or are you the perpetual whiner?

Oh, 19lia, you are the just the type of person who will be rudely awakened someday. It's not going to be pretty unless you open your eyes soon.

I don't think anyone is seeking approval on this site for their actions and decisions, just telling it like it is. Besides, it sounds like only two or three guys going back and forth. No one else seems to be chiming in or giving a sh!t.

I've taken advantage of Obamacare. It has become my Pre-65 Retiree Medical Plan of choice. Can't beat a $1,220 per month policy for only $82 per month. Great benefits, excellent doctor as my PCP who has his office in my neighborhood, access to 100's of specialists fora $50 copay. My maximum annual out of pocket expense is capped at $1,250 per member. This is absolutely one of the very few ACA plans available in the Houston area, and maybe the entire U. S. As we well know, the useless Republicans cannot do anything they promised. The ACA will not be repealed or replaced. I'm sure I'll ride the gravy train again in 2018 and probably through 2020, when I become 65 years old and hop over to the Chevron post-65 Retiree Medical. Happy camper here.

Yes indeed , and mostly fraud and wealth redistribution. And everyone knows which party is responsible for that. No need to bring it up again. Thanks for clearing that up though.

@14nhs, I would say, Yes, most of all problems in the world do reduce down to liberal vs conservative. Politics permeates into everything these days. It's a shame. And getting back to the subject, the increasing out of control healthcare costs we've seen since around 2003 is attributed to corporate greed, fraud and wealth redistribution (circle back to politics). Costs don't up like this for no reason. There are nefarious forces at work here.