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

How old are you and how much do you have saved for retirement?

  • Over 20 0-20k

    Votes: 20 36.4%

  • Over 20 20-50k

    Votes: 5 9.1%

  • Over 20 50k+

    Votes: 4 7.3%

  • Over 40 0-20k

    Votes: 0 0.0%

  • Over 40 20-50k

    Votes: 2 3.6%

  • Over 40 50k+

    Votes: 21 38.2%

  • Over 60 0-20k

    Votes: 0 0.0%

  • Over 60 20-50k

    Votes: 1 1.8%

  • Over 60 50k+

    Votes: 2 3.6%
  • Total voters
    55
Captain America said:
What ya growin' Harry? Something medicinal? Good for you!!
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Bah, nothing right now.
Live in a town house.

Thought about growing shrooms, just for ****s and giggles.
Plus my kid would get a kick out of learning the inoculation process and prepping the growing media.
I don't actually do shrooms. :)
 
Prepping the growing media for 'shrooms? You mean feed the cows?
 
Tucker Case said:
Well, I certainly couldn't retire right now.

But the reason I don't ever see myself retiring is because I would get bored as hell.
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i supppose, if you had nothing to do. my retirement will be an adventure, so.......
 
Captain America said:
Keep in mind my figures also include my wife's lifelong investments as well. We are NOT anywhere near wealthy. The bottom could drop out, she could run off and take 1/2 my ****, or I might get a case of ookienookie and it cost me every dime I got. I still live week to week like most other folks do. I STILL have 11 years before those anticipated numbers are realized. Anything could happen between now and then.
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well, it sounds like you are on the right track. and if you get a case of ookie-nookie, you deserve to lose it all!
 
I am over 60 retired and I can tell that it won't matter how much you have set aside if your, "identity is stolen."

Five years ago mine was stolen and four credit cards were taken out in my name, maxed out and my bank account emptied, by someone I knew and this person was in the banking business for 20 years and even being friends with the local Chief of Police, knowing who did it and how, was no help because of the use of computers, and knowledge of the systems. I did manage to get out of the thousands and thousands, in credit card bills but there was never an arrest or recovery of a penny.

My credit report is still screwed up years later.

So be careful with papers and all important information like your mothers maiden name, and don't for one minute think I love you means anything more than I would love to have your money.
 
Harry Guerrilla said:
I enjoy gardening, particularly grow fruits and veggies.
I wouldn't have any qualms quitting what I'm doing now, to do that, if I had a retirement income.
It's very medicating to me.
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I have no interest in stuff like that. I'd just end up drinking a lot if I retired.
 
I am the one, so far at least, who is over 60 with over $50k and have been retired for over 1 1/2 years. While specifics don't need to be shared, I don't worry about funds for retirement. My young wife of 42 years continues to work as she knows I need to continue living the life that I have been accustomed to living and because she likes working and is just too young to even draw any Social Security.
 
I'm in my mid 20s and have about $1,000 saved towards my retirement. I could have had a lot more but I decided that with the rate of return on most investments at the moment so low, I was better off getting my student loans paid off sooner rather than saving for my retirement.

My feelings for getting social security when I retire are summed up by "hope for the best, but prepare for the worst".
 
Harry Guerrilla said:
:lol:
That's one way to do it.

Media is just the "dirt" for growing it.
Could be wood shavings or something like that.
It has to be sterile, before you inoculate it with spores though.
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I'm no expert, but the 'schooms we picked and enjoyed back in my day were picked out of cow**** and I assure you it was anything but sterile.
 
The wife and I are already retired, plenty of income and savings, 2 houses, and certainly enough money to go on a cruise every year, vacation with the extended family once a year (and pay for it), and so on. My advice to you younger folk is to get completely out of debt and stay that way....
My parents did nearly everything wrong, and I use them as the example of how NOT to do financial things. They retired to a double wide in east texas and couldn't afford a vacation unless they saved for several years first.
Prices for everything you need will surely go up as you get older. Get used to it, plan for it.
Just as important, have some hobbies. Retirement can be boring.
I was forced out at age 58, but was financially ready for it. Looked for a new job for about 2 years, but was apparently too old to be hired, so I quit trying to fight retirement and learned to enjoy it.
 
I just turned 37 within the last month and I have less than $20K in retirement savings. Then again I don't ever plan to retire.
 
Tigger said:
I just turned 37 within the last month and I have less than $20K in retirement savings. Then again I don't ever plan to retire.
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a lot of people are out of a job right now, and they didn't plan on it....
Work up some options in case your employer cuts you short like mine did.
They went out of their way to offer enhanced voluntary severance packages, followed the next year by Non-enhanced, Non voluntary severance packages....they did that 3 or 4 times over about 10 years. Such packages are always aimed at the older employees who are eligible to retire but don't really want to.
Stupid thing is, right after each event, they hired some of them back as contract employees...
 
UtahBill said:
a lot of people are out of a job right now, and they didn't plan on it....
Work up some options in case your employer cuts you short like mine did.
They went out of their way to offer enhanced voluntary severance packages, followed the next year by Non-enhanced, Non voluntary severance packages....they did that 3 or 4 times over about 10 years. Such packages are always aimed at the older employees who are eligible to retire but don't really want to.
Stupid thing is, right after each event, they hired some of them back as contract employees...
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Bill, I work for the third largest Gas/Electric Utility company in the United States. Right now we're cutting 1200 non-union jobs; not because we don't need those people but because they promised the shareholders a particular level of profit and the regulators told us we couldn't have the rates we wanted. So we're gutting the company. Thankfully I'm a Unionized employee, so I'm relatively safe until the contract expires in 2013. At that point all bets are off.

It's gotten so bad that when they offered an enhanced severance package to get 200 volunteers, they got FIVE HUNDRED PEOPLE elect to take it. Including 2 entire departments and every supervisor in three or four other departments.

I'm actually looking at moving to a new area of the country, eastern Pennsylvania. Of course it's one of the worst areas for job hunting right now. If I were to get canned, such would be life. I'd find something and get by.
 
Tigger said:
Bill, I work for the third largest Gas/Electric Utility company in the United States. Right now we're cutting 1200 non-union jobs; not because we don't need those people but because they promised the shareholders a particular level of profit and the regulators told us we couldn't have the rates we wanted. So we're gutting the company. Thankfully I'm a Unionized employee, so I'm relatively safe until the contract expires in 2013. At that point all bets are off.

It's gotten so bad that when they offered an enhanced severance package to get 200 volunteers, they got FIVE HUNDRED PEOPLE elect to take it. Including 2 entire departments and every supervisor in three or four other departments.

I'm actually looking at moving to a new area of the country, eastern Pennsylvania. Of course it's one of the worst areas for job hunting right now. If I were to get canned, such would be life. I'd find something and get by.
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My last, and longest job, was with Arizona Public Service, a large electric utility company.
It was fine at first, but near the end I hated it. Too many jerks in lower management....
 
UtahBill said:
My last, and longest job, was with Arizona Public Service, a large electric utility company.
It was fine at first, but near the end I hated it. Too many jerks in lower management....
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Our problem is the people at the top. We're in the midst of our second total re-org in four years. It's like a chicken running around with its head cut off. I've been with the company for a decade now as a contractor, non-union, and now union employee. I've seen about every side of the company possible. It's not a great place to be, but it's a stable job that isn't going anywhere for at least the next two years, by which time I'm hoping to not be anywhere near this company.
 
UtahBill said:
The wife and I are already retired, plenty of income and savings, 2 houses, and certainly enough money to go on a cruise every year, vacation with the extended family once a year (and pay for it), and so on. My advice to you younger folk is to get completely out of debt and stay that way....
My parents did nearly everything wrong, and I use them as the example of how NOT to do financial things. They retired to a double wide in east texas and couldn't afford a vacation unless they saved for several years first.
Prices for everything you need will surely go up as you get older. Get used to it, plan for it.
Just as important, have some hobbies. Retirement can be boring.
I was forced out at age 58, but was financially ready for it. Looked for a new job for about 2 years, but was apparently too old to be hired, so I quit trying to fight retirement and learned to enjoy it.
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Right on my brutha.

I escaped East Texas when I was about 30. Your plan sounds much like mine! And I can't wait to fish 3-4 time a week and rock out the rest. I got'z me PLENTY o' hobbies.
 
I am 19 years old and have jack squat saved up for retirement :p
 
I'm 37, pushing 40, and have almost nothing saved for retirement. Largely because right now I'm trying to pay my current bills, and barely succeeding.
 
Captain America said:
Right on my brutha.

I escaped East Texas when I was about 30. Your plan sounds much like mine! And I can't wait to fish 3-4 time a week and rock out the rest. I got'z me PLENTY o' hobbies.
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I have a friend in Oconomowoc, WisCONsin.....had to look it up to convnce myself he didn't make that town name up....
 
UtahBill said:
I have a friend in Oconomowoc, WisCONsin.....had to look it up to convnce myself he didn't make that town name up....
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Oh no, it's a real town.
 
I max out the amount I can put in the organization's provided 401K where they match up to 3%. Because I am over 50 and did not always max out things, I can catch up and I am pretty well caught up meaning I have put a fair amount in each year for more than 20 Years. I think its 16% now. The law firm I worked for the 5 years after I left school I did the same thing.
 
sawyerloggingon said:
I am 56 and figure I will work until I die. SS is a ponzi scheme and I will be lucky to get any of the money that i have paid into it
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thank you for paying in at a time that I am taking it out.....:2razz:
my kids are 40 and 38, probably won't see much of it. So the wife and I will leave them some money to retire on....already have some set aside to educate the grandkids. They will need all the education they can get to survive...
 
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