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Started By
Message
1
Posted on 5/27/26 at 2:20 pm to AUIH1
Luckily my wife likes what she does so she is going to work for 2 or 3 years after I retire. 
Posted on 5/27/26 at 2:20 pm to Slippy
quote:
A quarter of Americans have no retirement savings.
Curious what percentage of boomers have little to no savings but also own a paid off house worth 500k plus..
Posted on 5/27/26 at 2:23 pm to BOSCEAUX
That is even better! Retirement is awesome if you’re prepared.
Posted on 5/27/26 at 2:25 pm to Shexter
quote:
Damn, I'm doing much better than I thought.
It's fairly f'ing simple - all I've done is auto deposited $40-50 per paycheck for the past 35 years. Company matched up to 5% of my contributions.
I've done this with a less than $100k salary. How do so many people screw this up?
While this is a good first step, I think it is worth mentioning that people "should" be doing much more than this.
Posted on 5/27/26 at 2:27 pm to Fun Bunch
quote:
Every time I think maybe I'm not doing enough I look at stuff like this and it puts it into perspective that I am doing fine
I stress about it all the time. Threads like this make me feel better about where we are.
Posted on 5/27/26 at 2:29 pm to Slippy
i mean those are pathetic numbers but you realize median salary in LA is $53,477k and median household is 60,756
for the US its $64,220 & $83,730
thats for full time, for all workers its $51,370
median take home in LA is ~43,200
you bring up that million dollars range.....but why would the median person need over 20 years of savings when the median retirement age is 62 in louisiana and median age of death is not even 74 and that doesnt include SS
thing is not everyone is you or me. many have always been poor and plan to retire poor and plan to live mainly off SS and other benefits. you need to take that into account
and the fact you think any politician is going to let SS go belly up is laughable. they will print enough money to put us in the poor house should that even be remotely a possibility.
i agree all of that is pathetic but you need to take your upper middle class blinders off.
for the US its $64,220 & $83,730
thats for full time, for all workers its $51,370
median take home in LA is ~43,200
you bring up that million dollars range.....but why would the median person need over 20 years of savings when the median retirement age is 62 in louisiana and median age of death is not even 74 and that doesnt include SS
thing is not everyone is you or me. many have always been poor and plan to retire poor and plan to live mainly off SS and other benefits. you need to take that into account
and the fact you think any politician is going to let SS go belly up is laughable. they will print enough money to put us in the poor house should that even be remotely a possibility.
i agree all of that is pathetic but you need to take your upper middle class blinders off.
This post was edited on 5/27/26 at 2:30 pm
Posted on 5/27/26 at 2:32 pm to 777Tiger
well yea, you are a pilot lol. of course your peers are set.
its funny the OT pushes trades yet most non union people in the trades have less than 200k too.
its funny the OT pushes trades yet most non union people in the trades have less than 200k too.
Posted on 5/27/26 at 2:33 pm to Strannix
quote:
a second mortgage on the trailer
Damn, that's trashy 
Posted on 5/27/26 at 2:33 pm to danilo
quote:Yes.
Did you end up supporting them?
Posted on 5/27/26 at 2:35 pm to Traffic Circle
quote:
If I knew what mean, median and average meant, I could understand this better
Mean and average usually mean the same thing. However, some folks do mean "median" when they say "average".
Median is "the middle" - meaning the point where there are as many above as below (for purposes of this topic).
Mean is just that - the weighted "average".
Two examples:
11 people, total retirement savings $1.1m. That means the average is $100k. That tells you something, but not much.
If the break down is:
$0, $0, $250, $750, $3k, $5k, $16k, $75k, $200k, $300k, $500k
Then the median is $5k.
With the entire population of a relatively wealthy nation (the U.S. is certainly that), "median" is usually going to give you a better picture of what is typical than the mathematical "mean" or average.
Posted on 5/27/26 at 2:35 pm to lsu777
quote:
upper middle class blinders
You a champion of the common man, brah?
What you are telling me I suppose, based on the stats, is that we are a nation of poors. And that I'm truly in the 5%, if not maybe the 3%.
And that makes me fear for civilization, because I don't have much left over at the end of the month.
Posted on 5/27/26 at 2:36 pm to WWII Collector
quote:imagine the riots with a crowd of geriatrics with walkers and canes.
I think a lot of bad stuff might happen.
Be like BLM riots on Steriods.
Posted on 5/27/26 at 2:37 pm to Slippy
quote:
So I guess the question is.... What are these millions upon millions of people going to do to support themselves when they get old?
Only Fans
Posted on 5/27/26 at 2:45 pm to Salmon
quote:
started with a new company last year.
They put in 10% into my 401k no matter if I put anything in or not and then will match 100% up to another 8%.
I'm riding this as long as they keep doing it.
I honestly didn't know companies were still doing this much anymore.
I work for a small company, but they give you 5% and match 3%. It's better than I had working for a large corporation. People who don't at least get their company match are just money morons.
Posted on 5/27/26 at 2:45 pm to Slippy
Bruh. Im robbing banks when I retire. If I get caught I get free retirement housing and food.
If not im rich bitch
If not im rich bitch
Posted on 5/27/26 at 2:46 pm to kywildcatfanone
We got 8 % match. I out in 10 take the 8
Posted on 5/27/26 at 2:46 pm to Slippy
Bc they are all buying their kids house lol
Posted on 5/27/26 at 2:47 pm to Raging Tiger
quote:
Raging Tiger
You got btfo in that thread
Posted on 5/27/26 at 2:47 pm to Slippy
I kind of believe it. I also believe I have interacted with and know zero of these people who have absolutely nothing put away.
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