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Started By
Message
re: This Is What Life Without Retirement Savings Looks Like
Posted on 2/22/18 at 9:17 pm to OleWarSkuleAlum
Posted on 2/22/18 at 9:17 pm to OleWarSkuleAlum
quote:
Good frick EM! They deserve to be poor in old age when they decided to rack up debt for their exorbitant homes, cars, etc. Zero sympathy from me
What a logical, thought provoking argument we have here.
0
Posted on 2/22/18 at 9:17 pm to PuntBamaPunt
quote:
If only the death panels were real...
You should drop to your knees and thank the Lord you don’t live in a country where the state decides if you you get the privilege of not being put down like a dog.
Posted on 2/22/18 at 9:19 pm to OleWarSkuleAlum
quote:
the median savings in a 401(k) plan for people between the ages of 55 and 64 is currently just $15,000,
Posted on 2/22/18 at 9:20 pm to OleWarSkuleAlum
quote:
They deserve to be poor in old age when they decided to rack up debt for their exorbitant homes, cars,
My parents struggle on mostly just social security and the money my siblings bring in with their jobs. They must have hidden those exorbitant homes and cars from me all this time.
This post was edited on 2/22/18 at 9:21 pm
Posted on 2/22/18 at 9:20 pm to soccerfüt
quote:they are so fricking worthless
the median savings in a 401(k) plan for people between the ages of 55 and 64 is currently just $15,000
Posted on 2/22/18 at 9:21 pm to OleWarSkuleAlum
quote:
the median savings in a 401(k) plan for people between the ages of 55 and 64 is currently just $15,000,
I mean I understand HOW this can happen but how the frick does someone with a 401k let this happen?
This post was edited on 2/22/18 at 9:24 pm
Posted on 2/22/18 at 9:22 pm to OleWarSkuleAlum
Honestly, this article is pretty misleading. The baby boomers and the generation before them generally had jobs with pensions to depend on in retirement along with Social Security. Ultimately, the country started shifting towards socialism and pensions became less common...it wasn't until about 1980 that the 401K was even invented. people didn't make much money back then, but their benefits and retirement programs provided security.
Posted on 2/22/18 at 9:22 pm to X123F45
quote:
That isn't THAT far fetched.
And that's from a dude living in a sub 600 square foot microhome with my wife AFTER living in a 3400 square foot home with the same wife.
So you’ve been on HGTV?
Posted on 2/22/18 at 9:23 pm to lsunurse
quote:
My parents struggle on mostly just social security and the money my siblings bring in with their jobs. They must have hidden those exorbitant homes and cars from me all this time.
You post in every thread like this is a personal insult. There's a couple hundred million people in this country. Obviously everyone doesn't have this experience, bit ON AVERAGE Boomers didn't save because they overspent.
Posted on 2/22/18 at 9:24 pm to Darth_Vader
You act like you're balling or something
Posted on 2/22/18 at 9:24 pm to X123F45
quote:
That isn't THAT far fetched.
And that's from a dude living in a sub 600 square foot microhome with my wife AFTER living in a 3400 square foot home with the same wife
The old rule of thumb used to be don't buy more than 2.5x your income. Obviously other debts, bills and down payment come into play there but that's still over 4x your annual income. A lot of younger people are house poor or they rent so they can live in expensive areas. Whatever, to each their own.
This post was edited on 2/22/18 at 9:33 pm
Posted on 2/22/18 at 9:25 pm to Spankum
quote:
it wasn't until about 1980 that the 401K was even invented.
Ok, and your point?
Posted on 2/22/18 at 9:25 pm to Darth_Vader
quote:is that supposed to be a lot?
So even though I’m not even 50 yet I have roughly 24 times the national average in my 401K?
Posted on 2/22/18 at 9:26 pm to Mingo Was His NameO
I’m merely pointing out that on average.....you see situations like my parents more than you realize.
Posted on 2/22/18 at 9:26 pm to OleWarSkuleAlum
quote:
Good frick EM! They deserve to be poor in old age when they decided to rack up debt for their exorbitant homes, cars, etc. Zero sympathy from me.
Are you some kind of dumbass or something? Did you not read your own article or are you unable to comprehend the English language? These people went from near poor to poor. People that are near poor do not have exorbitant homes and cars.
Posted on 2/22/18 at 9:27 pm to lsunurse
quote:
I’m merely pointing out that on average.....you see situations like my parents more than you realize.
Well that's just patently false since the average is presented in the OP. I'm not saying what your parents did is wrong or bad, but your notion is just incorrect. We have data that says it is.
Posted on 2/22/18 at 9:27 pm to OleWarSkuleAlum
Rather blow all this money while I’m young and healthy than be 85 with a stockpile of cash. frick being old and rich.
Posted on 2/22/18 at 9:28 pm to Darth_Vader
quote:
I’m not even 50 yet I have roughly 24 times the national average in my 401K?
That’s not really that good
Posted on 2/22/18 at 9:29 pm to Triple Bogey
quote:
Rather blow all this money while I’m young and healthy than be 85 with a stockpile of cash. frick being old and rich.
Spoken like a true F250 7 year note carrier that rents a shitty apartment
Posted on 2/22/18 at 9:29 pm to Triple Bogey
quote:There is a difference between being “old and rich” and “old and able to survive on your own”.
Rather blow all this money while I’m young and healthy than be 85 with a stockpile of cash. frick being old and rich.
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