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Started By
Message
re: 1 in 3 Americans have less than $5,000 saved for retirement
Posted on 8/27/18 at 12:24 pm to Darth_Vader
Posted on 8/27/18 at 12:24 pm to Darth_Vader
What this means for those of us that do have money invested is that it is more and more likely we will not be living in the US when we retire. They are going to do everything they can to take money away from the people that are responsible enough to save and plan for the future.
With that said, any young person looking for a career path might want to look into financial planning and international business.
With that said, any young person looking for a career path might want to look into financial planning and international business.
0
Posted on 8/27/18 at 12:24 pm to Darth_Vader
With this in mind, how long before progressives go after retirement accounts?
We know God damn well they want to redistribute the wealth.
We know God damn well they want to redistribute the wealth.
Posted on 8/27/18 at 12:24 pm to Darth_Vader
I’m not even pretending I’m gonna retire at 55-60 so i will be working through, for sure, my first half of my 60s.
Still got a while for me but i also have been doing retirement stuff for a while now.
Still got a while for me but i also have been doing retirement stuff for a while now.
Posted on 8/27/18 at 12:25 pm to Sun God
quote:
I'm not gonna retire for like 20 years, why should I start saving now
Classic
Posted on 8/27/18 at 12:25 pm to LuckyTiger
quote:
I know people that live month to month.
They have houses, cars, plenty of dining, vacations, etc
They just spend all they make.
Are you privy to their balance sheets?
Posted on 8/27/18 at 12:26 pm to Darth_Vader
quote:
If you plan on retiring in 20 years from now you should have started saving 20 years ago.
I'll just put more in when I start then you worry warts did
Posted on 8/27/18 at 12:26 pm to JOJO Hammer
quote:
With this in mind, how long before progressives go after retirement accounts?
It will happen
Posted on 8/27/18 at 12:26 pm to CarRamrod
quote:
probably because that statistic includes people in high school and college who really dont have 5k saved because THEY ARE IN COLLEGE.
Where did you get that from? I just read the actual study, unlike you apparently, and this is what it says...
quote:
About The 2018 Northwestern Mutual Planning & Progress Study The 2018 Planning & Progress Study was conducted by Harris Poll on behalf of Northwestern Mutual and included 2,003 American adults aged 18 or older in the general population (and an oversample of 601 interviews with U.S. Millennials age 18-34 which have been combined with the general population of those 18-34 when featuring this age group separately from the general population) who participated in an online survey between March 7 and March 19, 2018. Results were weighted to Census targets for education, age/gender, race/ethnicity, region and household income. Propensity score weighting was also used to adjust for respondents' propensity to be online. No estimates of theoretical sampling error can be calculated; a full methodology is available.
Even if they did catch a few students at the low end of the age group, I highly doubt they surveyed enough of them to skew the poll results.
Posted on 8/27/18 at 12:26 pm to Darth_Vader
No one claimed Boomers were intelligent
Posted on 8/27/18 at 12:26 pm to Paul Allen
$200k is rapidly becoming lower middle class.
Nothing can be done about it.
Just learn to do without.
Nothing can be done about it.
Just learn to do without.
Posted on 8/27/18 at 12:27 pm to Fat and Happy
quote:
I’m not even pretending I’m gonna retire at 55-60 so i will be working through, for sure, my first half of my 60s.
If I continue on this work/travel schedule, I won't make it to 55.
Posted on 8/27/18 at 12:27 pm to Tempratt
quote:
$200k is rapidly becoming lower middle class.
It's nowhere near
Posted on 8/27/18 at 12:27 pm to Darth_Vader
Retirement is a luxury, not entitlement
Posted on 8/27/18 at 12:28 pm to Sun God
quote:
I'll just put more in when I start then you worry warts did
Another classic
Posted on 8/27/18 at 12:28 pm to Darth_Vader
Top 33% 
Posted on 8/27/18 at 12:28 pm to Tempratt
quote:
$200k is rapidly becoming lower middle class.
This is very much true in mid sized or larger cities. $200K for a home doesn't buy much unless you are willing to commute a long, long way.
Posted on 8/27/18 at 12:28 pm to Darth_Vader
Life can end any day. I enjoy my money and have little debt. I'll take that over saving ATM (30).
Posted on 8/27/18 at 12:29 pm to yellowfin
quote:
Retirement is a luxury, not entitlement
This, although once the voting block of that 1/3rd becomes loud enough politicians will raid 401K's and other retirement accounts to subsidize these folks
Posted on 8/27/18 at 12:29 pm to Darth_Vader
keeping up with the jones’ and false sense of entitlement
That’s why.
I know a 50 something couple who live paycheck to paycheck. The wife is an admistrative assistant(glorified secretary) and the husband is a construction project manager (in failing health). She is cashing out her 401k to put in a $90k pool/cabana!!! They’re banking on their ability to work till social security and combining that with his small military pension to live on.
Floors me.
That’s why.
I know a 50 something couple who live paycheck to paycheck. The wife is an admistrative assistant(glorified secretary) and the husband is a construction project manager (in failing health). She is cashing out her 401k to put in a $90k pool/cabana!!! They’re banking on their ability to work till social security and combining that with his small military pension to live on.
Floors me.
Posted on 8/27/18 at 12:30 pm to jamboybarry
So true. But it will be some sort of "tax" on 401k's at 45%
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