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Started By
Message
re: This Is What Life Without Retirement Savings Looks Like
Posted on 2/22/18 at 10:32 pm to White Bear
Posted on 2/22/18 at 10:32 pm to White Bear
quote:sheesh. how does that happen?
You're on the right track. I didn't have a 401 until I was damn near 30.
1
Posted on 2/22/18 at 10:33 pm to fishfighter
quote:
I was forced into retirement at 52 due to my health. I bet 1K my yearly income is much higher then yours young punk.
Based upon the modeling from our FA, we will make more money after retirement per year than we did while working.
Suck it.
Posted on 2/22/18 at 10:34 pm to GreatLakesTiger24
Yeah I was contributing to an IRA at 19
Posted on 2/22/18 at 10:37 pm to fallguy_1978
quote:
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
Again, I’ll be long dead. We don’t include SS in retirement projections. I expect like 30% of earners to actually collect on it in the future.
Posted on 2/22/18 at 10:38 pm to fallguy_1978
By 2030, the worker to beneficiary ratio will be down to 2.
Posted on 2/22/18 at 10:43 pm to TH03
But really. The OP is an arse for the simple reason is that he has a Mom and a Dad that just might be in the boat a 
about these people. 
I had pans to retire at 58. Saved a lot for over 20 years. Better then 20% of my gross income. Due to what medical expense is, what I saved I don't thing it will last if I live to 80. I'm 60 now and the wife is 58. Health insurance cost us $1600 a month now and that does not include for any meds or the $6400 deductible for the wife. My meds cost me over $550 a month. Just one cost $440for 30 days.
So, I feel we did without things when we were younger for no reason. People without any retirement will make out better then us in the long run.
about these people. I had pans to retire at 58. Saved a lot for over 20 years. Better then 20% of my gross income. Due to what medical expense is, what I saved I don't thing it will last if I live to 80. I'm 60 now and the wife is 58. Health insurance cost us $1600 a month now and that does not include for any meds or the $6400 deductible for the wife. My meds cost me over $550 a month. Just one cost $440for 30 days.
So, I feel we did without things when we were younger for no reason. People without any retirement will make out better then us in the long run.
Posted on 2/22/18 at 10:44 pm to DCtiger1
Holy shite
Posted on 2/22/18 at 10:46 pm to OleWarSkuleAlum
Well I feel like a dick now for thinking my folks didn’t have enough retirement. They are 1%ers giving that retirement figure lmao!!!
Posted on 2/22/18 at 10:47 pm to DCtiger1
quote:we're so fricked.
By 2030, the worker to beneficiary ratio will be down to 2.
Posted on 2/22/18 at 10:48 pm to YoungManOldMan
quote:
Based upon the modeling from our FA
Just wait till you see a market correction of 25%+. I saw two in my life time. Remember, FA's and the key words of "modeling". :bwahaha: :bwahaha: :bwahaha:
Another sucker and dreamer to think all is good.
Hope you buying a powerball ticket. 
Posted on 2/22/18 at 10:48 pm to GreatLakesTiger24
Soc Sec supposed to become insolvent in the next decade right?
Posted on 2/22/18 at 10:52 pm to OleWarSkuleAlum
Thought this was going to be a Nick Cage thread.
Posted on 2/22/18 at 10:53 pm to DCtiger1
quote:
By 2030, the worker to beneficiary ratio will be down to 2.
Holee fuk!
How is that sustainable?!
Posted on 2/22/18 at 10:54 pm to fishfighter
quote:
Just wait till you see a market correction of 25%+. I saw two in my life time.
Unless the market corrects/crashes at retirement age (and you're in mostly stocks, which would be really dumb) then market corrections don't really matter.
In terms of retirement savings, who cares if the market tanks once or twice decades before retirement?
We were above pre-2008 crash levels like 3 years later.
Posted on 2/22/18 at 10:56 pm to nola000
quote:
How is that sustainable?!
It's not. We will see a 25% cut to people on SS along with the retirement age raised up to 75 within the next 5 years.
Posted on 2/22/18 at 10:57 pm to fishfighter
quote:
Just wait till you see a market correction of 25%+. I saw two in my life time. Remember, FA's and the key words of "modeling".
Another sucker and dreamer to think all is good
What kind of goombah exposes himself to so much risk that it has a chance of losing 25%? I will work until I’m dead. I’m okay with that. I’m not going out into early retirement. As long as my brain works, I will be working
Posted on 2/22/18 at 11:00 pm to JohnnyKilroy
I had put everything in bonds about a year ago on my stuff. The wife's, she is in a somewhat safe market fund even though she is retired too. She does work a couple days a month, more if she wanted to.
Posted on 2/22/18 at 11:11 pm to OleWarSkuleAlum
quote:
OleWarSkuleAlum
you and rubio are made for each other
Posted on 2/22/18 at 11:11 pm to fishfighter
I wish we'd have one right now fish
Posted on 2/22/18 at 11:11 pm to OleWarSkuleAlum
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