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re: Motivated by the retirement savings post: I have a friend from the tech industry who's...

Posted on 10/14/21 at 2:41 pm to
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
11578 posts
Posted on 10/14/21 at 2:41 pm to
Your friend is an idiot. He probably makes at least $500K per year. How is it possible to not have any retirement?
Posted by teke184
Zachary, LA
Member since Jan 2007
96435 posts
Posted on 10/14/21 at 2:47 pm to
You would be surprised.

You have to opt into your employer programs like a 401K or you have to pull out money to put into other accounts like a Roth IRA.


Some people party like rock stars and think that the financial gravy train will last forever.


At least my excuse for the size of my savings account is having kids and not snorting my paycheck.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 10/14/21 at 4:56 pm to
quote:

Your friend is an idiot. He probably makes at least $500K per year. How is it possible to not have any retirement?


I’ve worked in banking, and have friends in banking and financial services, from our observations there is little correlation between income level, and ability to manage money.
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