View Poll Results: How old are you and how much do you have saved for retirement?

Voters
61. You may not vote on this poll
  • Over 20 0-20k

    23 37.70%
  • Over 20 20-50k

    5 8.20%
  • Over 20 50k+

    5 8.20%
  • Over 40 0-20k

    1 1.64%
  • Over 40 20-50k

    2 3.28%
  • Over 40 50k+

    22 36.07%
  • Over 60 0-20k

    0 0%
  • Over 60 20-50k

    1 1.64%
  • Over 60 50k+

    2 3.28%
Page 11 of 16 FirstFirst ... 910111213 ... LastLast
Results 101 to 110 of 155

Thread: how old are you, and how much do you have saved toward retirement?

  1. #101
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by OhIsee.Then View Post
    Nope. You need enough wealth to generate the income you need. You can spend a little of your wealth, but not much. I expect to live to 80, my wife to 90. Do your calculations and you’ll be surprised.

    Also, let me state how I rate the reliability of our income sources: My pension has the highest risk in ‘failing’ since it’s dependent on a private company. Social Security is much more a sure thing than the pension, but it may not keep up with inflation. Our wealth is the most reliable and it generates the most income.
    Well then maybe planning on being unemployed for 20 - 30 years is a bad idea.

    Aim for 'retirement' if something bad happens in your life and you CAN'T work anymore . . 'retirement' should be avoided and any funds for such a thing should be considered a safety net *only*

    It's a personal preference - I think things go terribly wrong when people actually look at it as a right and as a government responsibility to ensure.
    Last edited by Aunt Spiker; 07-27-11 at 06:14 PM.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  2. #102
    Professor

    Join Date
    Feb 2011
    Location
    MI and AZ
    Last Seen
    03-15-15 @ 01:29 PM
    Gender
    Lean
    Other
    Posts
    1,581

    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by Aunt Spiker View Post
    Well then maybe planning on being unemployed for 20 - 30 years is a bad idea.
    What do you mean?

    Aim for 'retirement' if something bad happens in your life and you CAN'T work anymore . . 'retirement' should be avoided and any funds for such a thing should be considered a safety net *only*.
    A safety net when you're 55 and RIFed because you are paid too much, have the wrong religion, etc.?

    It's a personal preference - I think things go terribly wrong when people actually look at it as a right and as a government responsibility to ensure.
    Retireing on SS is poverty income for most and you only get it if you have paid in. So who is looking at it as a right? No one I know.

  3. #103
    Professor

    Join Date
    Oct 2009
    Location
    North Dakota
    Last Seen
    09-02-17 @ 08:22 PM
    Gender
    Lean
    Conservative
    Posts
    2,357

    Re: how old are you, and how much do you have saved toward retirement?

    I am 21 and I invested $2500 for the first time back in march and am working on saving more after this summer, if my truck would stop breaking down... I will be getting my undergrad in the spring so I am planning on being able to save more then.

  4. #104
    Cheese
    Aunt Spiker's Avatar
    Join Date
    Oct 2009
    Location
    Sasnakra
    Last Seen
    09-10-16 @ 06:10 AM
    Gender
    Lean
    Moderate
    Posts
    28,433

    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by OhIsee.Then View Post
    What do you mean?
    I thought it was self-explanatory. Maybe planning on not working for the last 20-30 years of your life is a *bad* idea. . . an impractical or a poorly conceived idea might be better wording?

    A safety net when you're 55 and RIFed because you are paid too much, have the wrong religion, etc.?
    Isn't it wise to have a safety net if - heaven's forbid - you are rendered unable to work at any age?
    For example: I'm in college - 31 - ergo: I don't have one.

    Retireing on SS is poverty income for most and you only get it if you have paid in. So who is looking at it as a right? No one I know.
    Anyone paying in right now will expect to get a return in the future - but I don't feel things will happen that way for me and others of my age.
    A screaming comes across the sky.
    It has happened before, but there is nothing to compare it to now.
    Pynchon - Gravity's Rainbow

  5. #105
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 08:14 AM
    Gender
    Lean
    Conservative
    Posts
    57,080

    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by liblady View Post
    do you consider social security a part of your retirement income?



    yes and at 55 I slay a giant and sell his oversize incisors to the Tooth Fairy for $1 million which I will use to purchase my retirement home in Florida.


    ....all part of the plan....

  6. #106
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 08:14 AM
    Gender
    Lean
    Conservative
    Posts
    57,080

    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by drz-400 View Post
    I am 21 and I invested $2500 for the first time back in march and am working on saving more after this summer, if my truck would stop breaking down... I will be getting my undergrad in the spring so I am planning on being able to save more then.
    you are being very wise - I wish I had started at 21. I was stupid and waited a full 3 years later. I think I will have some kind of a match program for my kids when they start their teenage jobs to get them into it early.


    I am 28, and have about 30K. I say about because I had 30K... before this debt crises thing. I max out my IRA every year now, and am thinking of starting one for my wife.



    Bluntly Put: SS will not be there for me. Medicare will be radically different assuming I qualify for it. Plan on no SS if you are under 45, and if anything is left, you get to be surprised in a good way rather than the bad.

  7. #107
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 08:14 AM
    Gender
    Lean
    Conservative
    Posts
    57,080

    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by digsbe View Post
    I'm 21. I haven't saved anything for retirement (aside from SS deductions from my paychecks). I'm still a college student though.
    that is not a savings. that money was immediately sent to a current retiree.

  8. #108
    Sage

    Join Date
    Dec 2005
    Location
    Goldsboro,PA
    Last Seen
    Yesterday @ 02:14 PM
    Gender
    Lean
    Progressive
    Posts
    5,595
    Blog Entries
    1

    Re: how old are you, and how much do you have saved toward retirement?

    I consider the FICA benefits to be income.....even if PA does not...but they are vague about this.; the other money, a 401K...a great deal...even with a huge tax at cash in time.
    Thank God and the Democrats for Social Security. Insurance companies cannot be trusted.

  9. #109
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 09:09 AM
    Gender
    Lean
    Conservative
    Posts
    76,267

    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by Captain America View Post
    I am 54 and I do not count on SS being there when I retire. It would be nice if it was but I am not counting on it. I figure, after I retire, according to wonderful jewish accountant, with my pensions, mutuals, business residuals and natural gas royalties, coupled with the sale of my home, I should have around 2.25 - 3.0 million to get me through my twilight years, (assuming we don't go into depression or the people the GOP tends to protect gets at my money again, like they did a few years ago.) Truly, spread out over a period of 20 years or so, that really isn't a helluva lot of money to have on hand. But I'm a man of simple means. I plan to retire in a simple beach house near the Gulf of Mexico and as long as I can pay my utility bills and the other daily nickle and dime bills that come along day to day, and still afford fishing tackle and bait, I'll do just fine.
    What is a liberal doing with all those assets? You turn that over to Uncle Sam, at once!
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  10. #110
    Sage

    Join Date
    Dec 2005
    Location
    Goldsboro,PA
    Last Seen
    Yesterday @ 02:14 PM
    Gender
    Lean
    Progressive
    Posts
    5,595
    Blog Entries
    1

    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by cpwill View Post
    that is not a savings. that money was immediately sent to a current retiree.
    Of course it is "savings"....of a sort...
    We have accounts with social security; simply request a statement.

Page 11 of 16 FirstFirst ... 910111213 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •