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Started By
Message
re: This Is What Life Without Retirement Savings Looks Like
Posted on 2/22/18 at 10:10 pm to OleWarSkuleAlum
Posted on 2/22/18 at 10:10 pm to OleWarSkuleAlum
frick YOU you little punk arse mother fricker
1
Posted on 2/22/18 at 10:11 pm to ole man
quote:
frick YOU you little punk arse mother fricker
quote:
ole man
Checks out.
Posted on 2/22/18 at 10:11 pm to DCtiger1
quote:
DCtiger1
All your post in this thread have been wrong.
You should just walk away now.
Posted on 2/22/18 at 10:11 pm to Mingo Was His NameO
Your source is a fricking survey from nerd wallet with a sample size of 2000?
Posted on 2/22/18 at 10:11 pm to TH03
Is this where we all brag about our 401(k) balances?
Posted on 2/22/18 at 10:13 pm to boosiebadazz
Yeah baw. I've got like $50k+ between my 401k and my IRA. What you got?
Posted on 2/22/18 at 10:13 pm to TH03
Can't wait to hit that 4 figures boiiiii
Posted on 2/22/18 at 10:14 pm to Jcorye1
quote:You're on the right track. I didn't have a 401 until I was damn near 30.
Insane. I haven't hit 30 yet and I already have 15k in both a company sponsored retirement plan and a Roth IRA.
Posted on 2/22/18 at 10:15 pm to TH03
$3 more than whatever everyone else has
Posted on 2/22/18 at 10:15 pm to boosiebadazz
$1 more than you.
Posted on 2/22/18 at 10:16 pm to Mingo Was His NameO
The question is, will it be enough when they come of retirement age? If they don't do periodic adjustments, it won't be.
Posted on 2/22/18 at 10:20 pm to DCtiger1
quote:
Your source is a fricking survey from nerd wallet with a sample size of 2000?
1 in 6 Millenials have 100k in savings- Forbes in 2018
Is that better or do you still want to use anecdotal evidence from the few people you know to project over a whole population when there is already empirical data that says you are wrong?
Posted on 2/22/18 at 10:20 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.
It’s never that easy. These scenarios are why we max one 401k and contribute another 4% with match in the other. We both are on pension plans.
That article is what keeps me up at night, being newly married. I’ll be long dead at 76 but the wife.
Posted on 2/22/18 at 10:20 pm to Y.A. Tittle
quote:
We're pensions commonplace in your industry, or was that unique to your company?
It was common back then and ours was unique to have both. It was known that it might not last forever, so the 401 was brought in as a back up.
Posted on 2/22/18 at 10:21 pm to Winston Cup
If Social Security went bankrupt this country would eat itself. These people can’t provide for themselves
Posted on 2/22/18 at 10:21 pm to DCtiger1
quote:
Your source is a fricking survey from nerd wallet with a sample size of 2000?
Your source is anecdotal evidence from your workplace, ya dingus.
Posted on 2/22/18 at 10:22 pm to OleWarSkuleAlum
quote:
median savings in a 401(k) plan for people between the ages of 55 and 64 is currently just $15,000
Yikes. Talk about doing it wrong.
This post was edited on 2/22/18 at 10:23 pm
Posted on 2/22/18 at 10:26 pm to OleWarSkuleAlum
I was forced into retirement at 52 due to my health. I bet 1K my yearly income is much higher then yours young punk.
Posted on 2/22/18 at 10:27 pm to YoungManOldMan
quote:
If Social Security went bankrupt this country would eat itself. These people can’t provide for themselves
It will or at least have the retirement age changed to 75 or something like that. It's an unsustainable Ponzi scheme and will collapse in flames like most government programs
Posted on 2/22/18 at 10:28 pm to fishfighter
You're clearly an outlier according to the data. Your experience doesn't speak for the whole though.
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