- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: A quarter of Americans have no retirement savings. Zero.
Posted on 5/28/26 at 1:57 pm to ulmtiger
Posted on 5/28/26 at 1:57 pm to ulmtiger
quote:
Doge exposed it but as long as Govt gives it, it has corruption built in
I want permanent DOGE and not just federal, but state, local, county, even dog catcher budgets. There is so much waste, fraud, and abuse in this country, and sadly people don't seem to really care.
0
Posted on 5/28/26 at 3:08 pm to ulmtiger
quote:
Get the fraud out of the system and there will be plenty of money for those who need it. Doge exposed it but as long as Govt gives it, it has corruption built in
Yes, fraud & corruption needs needs to be rooted out, but it's wishful thinking that savings will plug the hole in the budget. The only way the Feds fix the budget issue is to cut spending on Defense, Medicare/Medicaid, and Social Security, or raise revenues to cover those expenses.
Unless a politician is willing to discuss those three areas, I don't want to hear about DOGE or anything else.
Posted on 5/29/26 at 11:32 am to AUFANATL
True, a terrible option, but an option of last resort nonetheless
Posted on 5/29/26 at 2:58 pm to Novastar
Id be curious to know the numbers on this.
That is, " can afford to retire, but continues to work ".
I've certainly met a few, but few enough I could count them on one hand.
Most everyone I know bailed as soon as they could.
That is, " can afford to retire, but continues to work ".
I've certainly met a few, but few enough I could count them on one hand.
Most everyone I know bailed as soon as they could.
Posted on 5/29/26 at 3:03 pm to N2cars
quote:
" can afford to retire, but continues to work ".
meet another one baw, I love what I do, it's "semi retirement" with almost full time pay, definitely full time benefits, they're very flexible with me about when I want time off to do what we want to do, and it keeps my brain engaged, I'll keep doing it for awhile
Posted on 5/29/26 at 3:08 pm to chew4219
I learned a lot the other day, and it besrs repeating.
A Boomer President was elected by boomers and he expressly promised before he was reelected, that he would very much attempt to privatize (end) SSI.
After he was elected, he busted his arse to try and make it happen. He used up a lot favors and political capital, but ultimately, the Democrats blocked him.
The above is not my opinion, the source is The Brookings Institute and the WSJ.
A Boomer President was elected by boomers and he expressly promised before he was reelected, that he would very much attempt to privatize (end) SSI.
After he was elected, he busted his arse to try and make it happen. He used up a lot favors and political capital, but ultimately, the Democrats blocked him.
The above is not my opinion, the source is The Brookings Institute and the WSJ.
Posted on 5/29/26 at 3:08 pm to Slippy
I still have nearly 19 years before I retire (and that’s at age 59.5 when I can first begin to take withdrawals from IRA’s) and I’m above those numbers. I’ve self-funded most of my retirement but I have had 401k’s here and there where I got an employer contribution as well, but most of it is in a Roth IRA with some in a rollover IRA after leaving previous positions.
Reading this makes me feel silly for being so paranoid that I won’t have enough for retirement one day. I’m clearly ahead of the game.
Reading this makes me feel silly for being so paranoid that I won’t have enough for retirement one day. I’m clearly ahead of the game.
Posted on 5/29/26 at 3:09 pm to 777Tiger
I get it and wasn't being critical.
Just in my experience, it seems to be rare.
Just in my experience, it seems to be rare.
Posted on 5/29/26 at 3:13 pm to N2cars
quote:
I get it and wasn't being critical.
I know that, baw
quote:
it seems to be rare.
agree, seems like most of the people my age can't wait to bail, I just really enjoy it, I'm sure there'll come a time to where I've had enough, and we're even talking about pulling up stakes and moving to the beach, that would almost certainly end it, but for now it's all good
Posted on 5/29/26 at 3:56 pm to Slippy
quote:
What happens when social security goes belly up?
FIFY
Posted on 5/29/26 at 4:02 pm to Slippy
I can’t imagine the stress levels if you are older and haven’t saved anything.
I would guess at some point they say oh well it’s too late.
I would guess at some point they say oh well it’s too late.
Posted on 5/29/26 at 4:09 pm to Slippy
quote:
A quarter of Americans have no retirement savings. Zero.
Poor people get old too.
Posted on 5/29/26 at 5:31 pm to WG_Dawg
quote:
This is shocking to me. These people have been paying into retirement for 50 years and bought a house for a soda and a pack of envelopes and this is all they have to show for it?
Here's the problem with articles like this . . . they don't define their inputs. For example does this $200,000 include the NPV of their pension plans. Almost half of Boomer generation earned a pension as part of their employee benefits. If not that number goes up significantly.
quote:
An estimated 56% of baby boomers have access to or rely on a traditional pension, though this number varies significantly depending on whether you are looking at older boomers or the younger "tail end" of the generation
Posted on 5/29/26 at 5:34 pm to TDsngumbo
quote:
Reading this makes me feel silly for being so paranoid that I won’t have enough for retirement one day. I’m clearly ahead of the game.
The sad part is when they means test SS benefits those of us that did the right thing will get screwed and they will take care of those that "need it the most".
Posted on 5/29/26 at 5:40 pm to Ace Midnight
quote:
Which would you rather have? A $800k paid for house and $200k in investable assets a $200k paid for house and $800k in investable assets?
I hear u!
Dave Ramsey says equity is what’s for dinner. Dave gets this wrong (IMO) but right for those who cannot handle low interest loans.
Have debated for years those who see “peace of mind” in full home ownership. I appreciate that pov. However, this is the other side of that coin.
Liquid wealth is critical.
This post was edited on 5/29/26 at 5:43 pm
Posted on 5/29/26 at 5:43 pm to armytiger96
Nobody should receive SS who didn’t pay in. I learned recently that a spouse who stayed home or didn’t work much is entitled to extra benefits. That needs to stop, too. They throw funds around then declare how SS won’t be available in so many years. Better yet, let it be voluntary. I’d have rather deposited the theft of my wages into my own retirement account.
Posted on 5/29/26 at 5:43 pm to Everyday Is Saturday
I’m gonna work as long as possible, because I love my job, work from home and it keeps me social and active. Wife is in education, district level. She plans to work after retirement also.
I watched my grandpa sink into Alzheimer’s 1 year after retiring very sharp.
I watched my grandpa sink into Alzheimer’s 1 year after retiring very sharp.
Posted on 5/29/26 at 5:46 pm to Dixie2023
That SAH spouse (presumably to raise family) did more for our country than most full time FICA workers, IMO.
Hear your fundamental point though. There are other leaches that should go (ahead of SAH spouses).
Hear your fundamental point though. There are other leaches that should go (ahead of SAH spouses).
Posted on 5/29/26 at 5:49 pm to armytiger96
quote:
NPV of their pension plans
Net worth includes tradable assets (stocks, bonds, cash/CDs/money mkt, etc) only. Not PV of pension.
However, Economic worth would also include PV of pension and SS.
This post was edited on 5/29/26 at 5:50 pm
Posted on 5/29/26 at 6:03 pm to Everyday Is Saturday
I had no idea about that. Yes, definitely the leeches. I can maybe understand the SAH spouse. I wonder if SS makes that known. A friend whose wife was SAH found out about it from his financial adviser. The wife now gets a lot more than what is “due her” from early working years.
Page 12 of 16
Popular
Back to top
Follow TigerDroppings for LSU Football News