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re: 1 in 3 Americans have less than $5,000 saved for retirement
Posted on 8/27/18 at 8:26 pm to jbgleason
Posted on 8/27/18 at 8:26 pm to jbgleason
quote:
The question is whether the right thing will happen, these people will get to work and live frivolously until the end of their days, or if the politicians will capitalize on this sizable voting block by pandering to them and making those of us who saved wisely pay for the others. I would tend to believe the latter.
I will go Red Dawn if those assholes steal my retirement money to fund the idiots who were too busy taking vacations every 5 minutes to create an IRA.
1
Posted on 8/27/18 at 8:32 pm to GoIrish02
quote:If they come after 401k's then there will be hell to pay.
Don't forget this country exists because of excessive taxation.
Posted on 8/27/18 at 8:33 pm to RoyalWe
More like hell toupe
Posted on 8/27/18 at 8:33 pm to Jcorye1
quote:
will go Red Dawn if those assholes steal my retirement money to fund the idiots who were too busy taking vacations every 5 minutes to create an IRA.
The fact that politicians have hefty retirements is why you don't need to worry.
Posted on 8/27/18 at 8:34 pm to Volvagia
quote:
No....no there isn’t.
You don’t have to be a financial advisor to have a good 401k allocation.
Alot of people are clueless in their 401k. Many options are pure horseshite too, hence the plethora of 401k lawsuits in the past few years.
Posted on 8/27/18 at 8:35 pm to Thib-a-doe Tiger
And here is one now.
Posted on 8/27/18 at 8:39 pm to CharlesLSU
quote:
And here is one now.
, maybe he is, maybe he isn't, but his comment was spot on. 
Posted on 8/27/18 at 8:39 pm to LuckyTiger
quote:
I know people that live month to month.
They have houses, cars, plenty of dining, vacations, etc
I do both these and still have $20,000 in savings with 28 years to go to retirement
Posted on 8/27/18 at 8:41 pm to slackster
Lol. Yeah, he was right.
Posted on 8/27/18 at 8:49 pm to lsu xman
quote:
$50+ meals for 2. $100+ meals for family of 4.
This is my one weakness. I work year round and don't vacation, so my one splurge is eating out with friends and drinks a couple nights a week. If I don't have at least one $100 tab every two weeks, something went wrong.
Posted on 8/27/18 at 9:05 pm to Darth_Vader
I can not believe that a third have less than 5k. Hell None of my friends have less than that and I’m mid 30’s.
Posted on 8/27/18 at 9:08 pm to Darth_Vader
quote:
A shocking 21 percent of Americans have nothing at all saved for the future, and another 10 percent have less than $5,000 tucked away, the study finds.
I was supposed to save money for my retirement?
I thought the Government was going to take are of me?
Posted on 8/27/18 at 9:16 pm to slackster
quote:
The fact that politicians have hefty retirements is why you don't need to worry.
That's not how that works. They'll just exempt themselves and do it anyway.
Posted on 8/27/18 at 10:06 pm to lynxcat
quote:
There’s no excuse for a third of the population to have such minimal savings. We need personal finance taught at the high school level at a minimum.
unemployment is low but the cost of living increases are far behind wage growth. people can't afford to save much.
Posted on 8/27/18 at 10:20 pm to Darth_Vader
I already got a retirement from the Army.
Posted on 8/27/18 at 10:43 pm to Darth_Vader
Honestly, I fully expect my Roth IRA to grow steadily until I am 65, when Uncle Sam will take it out and hand it away to people who contribute nothing but 9 children and obesity and trashy tattoos
Posted on 8/27/18 at 10:47 pm to GRTiger
quote:
Not sure a man that chooses to do the most difficult job in the world for free since he doesn't need the money is a good example of dysfunctional in the context of this thread.
nobody becomes president for the money. the major motivators are ego and ideology.
Trump needs it purely for his ego, he doesn't even have an ideology.
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