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Started By
Message
re: This Is What Life Without Retirement Savings Looks Like
Posted on 2/23/18 at 11:14 am to OleWarSkuleAlum
Posted on 2/23/18 at 11:14 am to OleWarSkuleAlum
Median 401K is only $15,000? Wow
0
Posted on 2/23/18 at 11:18 am to Mingo Was His NameO
quote:
Do you even look before you say something or do you just think that because you k or a couple people that it's representative of the entire country?
I obviously can interpret information a hell of a lot better than you
quote:
Overall, the SCF data show that about 40% of all workers aged 55-64 in 2013 expect to receive a traditional pension benefit in retirement.
Now Junior, go read my post, read this one and you'll feel like the idiot you probably are.
Posted on 2/23/18 at 11:22 am to RogerTheShrubber
quote:
Overall, the SCF data show that about 40% of all workers aged 55-64 in 2013 expect to receive a traditional pension benefit in retirement.
So 40% of people that age expect to have that while only 2% of workers total have a defined benefit plan? I know I'm just a dumbass millennial who will never be able to accumulate the wisdom of a person like you, but please math me that. It just doesn't add up.
Also, expect to have and have do not mean the same thing.
Posted on 2/23/18 at 11:23 am to OleWarSkuleAlum
Boomers are mad us mills won't fund their stupidity, so they call us lazy.
Posted on 2/23/18 at 11:24 am to Mingo Was His NameO
quote:
So 40% of people that age expec
Yes Jethro. Everything posted has been about this age group. Did you read the OP or are you waiting on pictures?
Posted on 2/23/18 at 11:26 am to RogerTheShrubber
quote:
Yes Jethro. Everything posted has been about this age group. Did you read the OP or are you waiting on pictures?
I know that. I was promulgating that 40% of that age range can't be correct because just that subset of that age range would out number the percentage of dbp's of total workers.
As an inside just because I'm curious, what is your vocation?
This post was edited on 2/23/18 at 11:29 am
Posted on 2/23/18 at 11:32 am to OleWarSkuleAlum
My dad only has like 1.2 in retirement, and we are worried with increasing healthcare and my moms shopping addiction, that won’t cut it
Posted on 2/23/18 at 11:33 am to Mingo Was His NameO
quote:
I was promulgating that 40% of that age range can't be correct because just that subset of that age range would out number the percentage of dbp's of total workers.
Most union and government workers older than 55 or so have defined pensions if they were hired more than 15 years ago. The pct of people in the workforce over the age of 55 is around 20%.
Posted on 2/23/18 at 11:35 am to AUCE05
I can’t wait to pay more taxes for people who failed to save despite have the world as their oyster.
Posted on 2/23/18 at 11:36 am to RogerTheShrubber
So 40% of 20% of the workforce (or 8% of the workforce) has pentioms according to you. 2% of workers according to official us government statistics have defined benefit plans. That doesn't make any sense.
Posted on 2/23/18 at 11:37 am to CorporateTiger
That, or they try and tap our untaxed portion of 401ks.
Posted on 2/23/18 at 11:40 am to Mingo Was His NameO
quote:
2% of workers according to official us government statistics have defined benefit plans
I'll give you the chance to go back and edit this. Your information is all fricked up.
Either that or you need someone to interpret it for you. Start with the link you posted on the last page.
Posted on 2/23/18 at 11:42 am to RogerTheShrubber
quote:
Either that or you need someone to interpret it for you.
I need you to walk me through it. Provided you are the resident expert.
Posted on 2/23/18 at 11:46 am to Corkfather
quote:
I hope you fricking lose everything. Doing your best to put a roof over your family isn’t being exorbitant.
Its not just the house, which I agree are expensive, and $350K does not buy much in many areas. But the house usually will have two late model high end vehicles, and a ski boat in the garage, that plus two trips a year to Disney World, the family ski trip, lawn service, and a up to date wardrobe for everyone puts a huge dent in the ability to save and invest even for a couple even making 200K a year.
Posted on 2/23/18 at 11:49 am to Mingo Was His NameO
quote:
That to me looked more like avaerage than median from data I've seen
Well it said median in the article
So at best we have conflicting data from different sources
Posted on 2/23/18 at 11:49 am to OleWarSkuleAlum
got no worries on my end!
quote:
Yes, Christopher, The PCH Prize Patrol Is In Transit To Deliver The $5,OOO.OO A Week "Forever" Prize TODAY!
Posted on 2/23/18 at 11:50 am to Mingo Was His NameO
quote:
need you to walk me through it.
Your own link is for private employers only, and even that is more than 2%
I have no idea how your pulling up this info, but it's totally irrelevant
Posted on 2/23/18 at 11:51 am to OleWarSkuleAlum
This is why you don't spend money you don't have.
Posted on 2/23/18 at 8:09 pm to OleWarSkuleAlum
I didn’t read the whole thread, someone might have already commented on this but:
Anyone read the article?
The bulk of it is focused on the growing narrative I see time and time again:
401k is a failed experiment, “people need to be taken care of” drum beating.
Anyone read the article?
The bulk of it is focused on the growing narrative I see time and time again:
401k is a failed experiment, “people need to be taken care of” drum beating.
Posted on 2/23/18 at 8:47 pm to Pesticide
Where I work most people who have been there a while have traditional pensions. I don't. I stuff as much as I can in my retirement accounts.
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