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

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

  1. #31
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    Re: how old are you, and how much do you have saved toward retirement?

    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.

  2. #32
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    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by Harry Guerrilla View Post
    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.
    I have no interest in stuff like that. I'd just end up drinking a lot if I retired.

  3. #33
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    Re: how old are you, and how much do you have saved toward retirement?

    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.

  4. #34
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    Re: how old are you, and how much do you have saved toward retirement?

    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".
    If you build a man a fire, he'll be warm for a day.

    If you set a man on fire, he'll be warm for the rest of his life.

  5. #35
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    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by Harry Guerrilla View Post

    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.
    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.

    It's GREAT to be me. --- "45% liberal/55% conservative"
    Diplomacy is the art of saying 'nice doggy" until you can find a gun.

  6. #36
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    Re: how old are you, and how much do you have saved toward retirement?

    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.
    Oracle of Utah
    Truth rings hollow in empty heads.

  7. #37
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    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?
    No, quite simply.
    If you strike me down, I'll become more powerful than you could possibly imagine.

  8. #38
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    Re: how old are you, and how much do you have saved toward retirement?

    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.

  9. #39
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    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by Tigger View Post
    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.
    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...
    Oracle of Utah
    Truth rings hollow in empty heads.

  10. #40
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    Re: how old are you, and how much do you have saved toward retirement?

    Quote Originally Posted by UtahBill View Post
    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...
    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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