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 13 of 16 FirstFirst ... 31112131415 ... LastLast
Results 121 to 130 of 155

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

  1. #121
    Sage
    Mach's Avatar
    Join Date
    Oct 2006
    Location
    Texas
    Last Seen
    Yesterday @ 10:28 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    11,520

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

    Quote Originally Posted by Aunt Spiker View Post
    Which is just absurd - if retirement costs more than your average income ot manage then something's seriously WRONG with the whole picture.
    No, I think you're not factoring in investing. Yes, what you sock away each year is smaller than what you have at retirement, it's had decades to compound and presumably earn you a much larger nest egg.

    Then, if it remains invested (less aggressively), you continue to make money while you're drawing that nest egg down, so even at retirement, it's still working for you.

  2. #122
    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?

    To get to the rich level I didn’t create jobs. As an employee I created jobs, but after being RIFed I worked on our investments, real-estate and stock. Bought low sold high when my peers were selling low and buying high. Effectively I transferred money from my peers’ pockets to my pockets. I don’t think this is unusual.

    (I probably have to explain this in some other threads since my experience doesn’t match what is assumed in most cases. It gives me a POV that may not match others.)

  3. #123
    Si vis pacem, para bellum
    Μολὼν λαβέ's Avatar
    Join Date
    May 2011
    Last Seen
    09-29-17 @ 11:22 PM
    Lean
    Conservative
    Posts
    6,914

    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?
    I took a different approach to retirement. Being in a profession that doesn't pay as well as most requiring similar education, I decided to buy a house and accumulate equity over 13 years before selling it just before the bottom dropped out of the market in 08. I then moved to a state where home and property values provide greater value. I put down 20% on a new home to avoid PMI insurance and make payments on a fairly low interest loan. I invested the rest. It did take me some time to find new employment, however. I took a leap of faith by resigning from a position I had with the same organization for over 20 years. It's working out well so far though, as long as the government doesn't bankrupt us all.

    And yes, I consider SS part of my retirement. I paid into it. It's my money.
    Quote Originally Posted by Redress View Post
    Generalizations are stupid.
    Quote Originally Posted by Joe Steel View Post
    The Second Amendment has nothing to do with guns.

  4. #124
    Banned
    Join Date
    Feb 2011
    Location
    Everywhere and Nowhere
    Last Seen
    03-07-12 @ 03:28 AM
    Lean
    Independent
    Posts
    3,692

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

    My backup plan has been to get Canadian citizenship, which is what I'm working on. If our government can't give me a pension then I'll just move here. It's colder but at least I won't be broke.

    Incidentally, I have already saved a lot for my age. I'm just worried about the financial system going bottom up with my savings in there. Trying to decide if I should put the money into non-liquid assets instead.

  5. #125
    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 Μολὼν λαβέ View Post
    I took a different approach to retirement. Being in a profession that doesn't pay as well as most requiring similar education, I decided to buy a house and accumulate equity over 13 years before selling it just before the bottom dropped out of the market in 08. I then moved to a state where home and property values provide greater value. I put down 20% on a new home to avoid PMI insurance and make payments on a fairly low interest loan. I invested the rest. It did take me some time to find new employment, however. I took a leap of faith by resigning from a position I had with the same organization for over 20 years. It's working out well so far though, as long as the government doesn't bankrupt us all.

    And yes, I consider SS part of my retirement. I paid into it. It's my money.
    You did part of what we did. We were concerned with the housing bubble in Scottsdale AZ. (I can explain why in another post if people are interested.) I was RIFed occasionally looking for a new job. I went to a job fair w/ my wife. She found the new higher paying job in MI. MI housing never bubbled much and was going down some already. We moved. We have less invested in homes and the current value is more than when we bought. We are way ahead as a result. But we didn’t generate any jobs doing this.

  6. #126
    Sage
    UtahBill's Avatar
    Join Date
    Sep 2005
    Location
    Utah
    Last Seen
    12-03-17 @ 01:39 AM
    Gender
    Lean
    Moderate
    Posts
    17,687

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

    Quote Originally Posted by OhIsee.Then View Post
    You are making some points that I agree with. I'm wondering how much bare bones existence is. I get $1704 a month. If I had earned more or was employed for another year I would have paid more SS tax I'd get a bit more and be maxed out. So given COL today what would a bare bones amount for me be?
    Varaibles are plentiful....
    Retirees should have paid off their house by the time they are 60, and gotten completely out of debt. If they can't do that, renting is their only option. My maternal grandparents did it that way, as grandfather never made much money.
    Certainly bare bones would be renting a small place, working the coupons when grocery shopping, living close enough to the stores that only one car is needed, if that.
    It can be done. Lots of people are in that situation now.
    If you want a better retirement, you have to plan for it. Big companies are doing their best to get out of the benefits business, you can bet that the govt will follow suit...
    Oracle of Utah
    Truth rings hollow in empty heads.

  7. #127
    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 UtahBill View Post
    Varaibles are plentiful....
    Certainly bare bones would be renting a small place, working the coupons when grocery shopping, living close enough to the stores that only one car is needed, if that.
    It can be done. Lots of people are in that situation now.
    If you want a better retirement, you have to plan for it. Big companies are doing their best to get out of the benefits business, you can bet that the govt will follow suit...
    You say “Education is expensive, ignorance is costly.” My position is that one doesn’t need a costly education, just some training to think rationally and critically. And you say “If you are not saving for retirement, you have no brains.” Yes, one needs some wealth from some source for comfortable and enjoyable retirement.
    I think we need a bare bones retirement and medical care for the stupid. Unless we’re willing to let stupid starve to death or die from a simple infection that an antibiotic would cure. Private charities don’t have the money and often have other agenda or priorities. Sometimes we forget the following: If we allow the stupid to die we’ll have a culture change that most of smart people will not like. Therefore, I support SS. We need to keep its account separate from other government functions and need to keep it a minimal safety net.
    I think we are almost agreeing but coming from somewhat different positions. Amazing.
    Last edited by OhIsee.Then; 07-28-11 at 03:25 PM. Reason: omited something

  8. #128
    global liberation

    ecofarm's Avatar
    Join Date
    Jun 2010
    Location
    Miami
    Last Seen
    Yesterday @ 06:57 PM
    Gender
    Lean
    Independent
    Posts
    66,445

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

    My position is that one doesn’t need a costly education, just some training to think rationally and critically.
    I don't see education as a need, but as a means to understand a particular subject of interest. If one doesn't manage to think critically in HS or undergrad, who knows when/if it's gonna happen. People spend their whole lives without being self aware or progressing beyond that. I seriously doubt an expensive education could change that.
    Last edited by ecofarm; 07-28-11 at 03:42 PM.

  9. #129
    Banned
    Join Date
    Feb 2011
    Location
    Everywhere and Nowhere
    Last Seen
    03-07-12 @ 03:28 AM
    Lean
    Independent
    Posts
    3,692

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

    Quote Originally Posted by ecofarm View Post
    I don't see education as a need, but as a means to understand a particular subject of interest. If one doesn't manage to think critically in HS or undergrad, who knows when/if it's gonna happen. People spend their whole lives without being self aware or progressing beyond that. I seriously doubt an expensive education could change that.
    Depends on what they are studying. You can't critically think your way into being a doctor, engineer, lawyer, architect, etc. Most of the time anyway.

    Specialized training is important and professionals need that training. We have to be careful when we frame arguments that try to negate the value of education.

    Self-awareness isn't necessary to do a job that society needs, but it does definitely help to expand your abilities and what your work means to you.

  10. #130
    ThunderCougarFalconBird
    roughdraft274's Avatar
    Join Date
    Feb 2010
    Location
    Louisiana
    Last Seen
    12-15-17 @ 06:32 PM
    Gender
    Lean
    Other
    Posts
    11,080

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

    My wife and I are 25, I think combined our retirement and 401k's just topped 20k.
    Quote Originally Posted by TurtleDude View Post
    uh that is so small as to be stupid. Do you want registration? given less than 3% of criminals get their guns from private sales, its pretty much a waste of resources
    **Thirty Minutes Later**
    Quote Originally Posted by TurtleDude View Post
    you are confused. I never denied that many criminals get guns in private sales.

Page 13 of 16 FirstFirst ... 31112131415 ... 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
  •