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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
liblady

liblady

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do you consider social security a part of your retirement income?
 
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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.
 
liblady said:
do you consider social security a part of your retiement income?
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No. One would think "no" would be sufficient but I guess not.
 
To add, I started about 3 1/2 years ago, I'm 28 and have over $10k put back.
About to move, my expenses are expected to go down, allowing me to put more towards my general savings/retirement fund.
 
24 and still saving dough for education :p
 
Harry Guerrilla said:
To add, I started about 3 1/2 years ago, I'm 28 and have over $10k put back.
About to move, my expenses are expected to go down, allowing me to put more towards my general savings/retirement fund.
Click to expand...

When I was 28, I had a guitar and a seabag full of clothes. I would say that, for a young man, you are well ahead of the game. Hang in there brother.
 
Captain America said:
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.
Click to expand...

damn, i'm sure you will! i do count on social security to be there....i'm 52. we have enough saved to buy another house (cash) and still have some left over when we are finished sailing. we will probably retire in another country. my husband has a pension and health benefits, which we will live on starting in a few months, for as long as we can sail and live on our boat. we have made a conscious decision to do it now rather than wait until we have "enough". we've seen too many people retire and then die, or their health go downhill.
 
I can't vote yet :lol:
 
I'm 33, and I've saved nothing yet, because I'm still paying off my law school debt. And no, I don't imagine I'll be relying much on social security. Or rather I don't think it'd be wise to assume I'll be able to rely on it.
 
liblady said:
then it's ok if you have nothing saved.....:mrgreen:
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Well I'll be 21 in September, and I should be done with school when I'm 23, and I plan to open a CD and put a part of my paycheck in it for my retirement. I don't count on SS being there for me when I get that age, so I should save for myself. So that's my plan, even though I'm too young for the poll :2razz:
 
Harry Guerrilla said:
Just my :twocents: but retiring doesn't always mean that you stop working.
It can mean that you have the flexibility to stop working for someone else.
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eh........it's my hope to do boat deliveries for extra cash.
 
Harry Guerrilla said:
Just my :twocents: but retiring doesn't always mean that you stop working.
It can mean that you have the flexibility to stop working for someone else.
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I've run my own business before, I have no interest in ever doing it again. I'm content to work for someone else.
 
Your Star said:
Well I'll be 21 in September, and I should be done with school when I'm 23, and I plan to open a CD and put a part of my paycheck in it for my retirement. I don't count on SS being there for me when I get that age, so I should save for myself. So that's my plan, even though I'm too young for the poll :2razz:
Click to expand...

CD's are paying to well at the moment.
You may want to consider an online savings account instead. :)

I applaud you for thinking about this now though.
 
Sure, I paid into it and I get statements, it's included in any serious planning or revision.
My retirement doesn't in any way depend on it, and I may lose a lot of the benefit if I retire early.
 
Tucker Case said:
I've run my own business before, I have no interest in ever doing it again. I'm content to work for someone else.
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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.
 
liblady said:
damn, i'm sure you will! i do count on social security to be there....i'm 52. we have enough saved to buy another house (cash) and still have some left over when we are finished sailing. we will probably retire in another country. my husband has a pension and health benefits, which we will live on starting in a few months, for as long as we can sail and live on our boat. we have made a conscious decision to do it now rather than wait until we have "enough". we've seen too many people retire and then die, or their health go downhill.
Click to expand...

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.
 
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.
Click to expand...

What ya growin' Harry? Something medicinal? Good for you!!
 
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