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Started By
Message
re: Nearly Half of All US Families Have Zero Retirement Savings
Posted on 3/3/19 at 9:38 am to OleWarSkuleAlum
Posted on 3/3/19 at 9:38 am to OleWarSkuleAlum
quote:
No they are economically disadvantaged and don’t have access to the same tax advantaged retirement accounts
What? Of course they do. Is this another foolish Yang position?
This post was edited on 3/3/19 at 9:39 am
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Posted on 3/3/19 at 9:39 am to SlowFlowPro
quote:
we already have a basic income payment (that pays more than UBI will) for retired people. what does UBI have to do with people not saving?
Social security is a terrible ROI for poor people. They do not have access to investing tools such as an S&P 500 index and year over year SS growth greatly underperforms the index.
Posted on 3/3/19 at 9:39 am to OleWarSkuleAlum
quote:
Nearly Half of All US Families Have Zero Retirement Savings
quote:
21% of Americans have no retirement savings
What? I always thought half=50% not 21%.
Posted on 3/3/19 at 9:39 am to OleWarSkuleAlum
Disagree with the poorest are the best and most thrifty among us.
My life and observations say otherwise.
My life and observations say otherwise.
Posted on 3/3/19 at 9:40 am to SDVTiger
Barry has nothing to do with the stupidity of the average American.
Posted on 3/3/19 at 9:42 am to OleWarSkuleAlum
quote:
Social security is a terrible ROI for poor people.
I'm not sure how UBI will be any different.
Posted on 3/3/19 at 9:42 am to OleWarSkuleAlum
In some markets, those oversized houses have a lot of equity.
Posted on 3/3/19 at 9:43 am to RogerTheShrubber
If that happens LOTS of people will die. No way they take money from my retirement account to redistribute and I remain sane. I suspect many people feel that way also.
This post was edited on 3/3/19 at 9:44 am
Posted on 3/3/19 at 9:43 am to OleWarSkuleAlum
Is that counting 401ks?
Hard to imagine.
ETA. Read the article. Pretty sad. I started with my current employer 20 years ago. Started just matching the company’s contribution. Then increasing 1% a year. After 20 years it’s become a decent amount
Hard to imagine.
ETA. Read the article. Pretty sad. I started with my current employer 20 years ago. Started just matching the company’s contribution. Then increasing 1% a year. After 20 years it’s become a decent amount
This post was edited on 3/3/19 at 9:48 am
Posted on 3/3/19 at 9:44 am to TDsngumbo
Taxing it is what many want to do.
Thus controlling it.
Thus controlling it.
Posted on 3/3/19 at 9:53 am to OleWarSkuleAlum
They have the mindset of “oh let’s spend it all now baby, the gubmemt will support me later!”
Posted on 3/3/19 at 9:54 am to Revelator
quote:
Hey jackass, you do realize that the government has zero money of its own, right?
Not true, Government prints their money. We've been in deficit spending territory for quite a while, with mandated spending exponentially increasing in the near future.
And that comes in without factoring in the unemployment effects of Robotics/AI.
There is zero chance that the Collective Society Economy remains viable, outside of Government distribution of available basic life resources. How that manifests, or what it is labeled (Democratic Socialism, pseudo-Capitalism, etc.) is really irrelevant re real life effects. The idea that the many live on the fringe, while they (via high tech social media) view the few jetting around on opulent vacations is a dog that won't long hunt. There will be a 'French Revolution'.
Some Leader had better step up and offer realistic assessments and solutions. And they had better be morally acceptable, definable, and persuasive across the Class spectrum.
"Where there is no vision, my people die". That, is the alternative.
Posted on 3/3/19 at 9:57 am to TDsngumbo
quote:Simply stated, this is one thing that would surely drive me to violence. This is why the 2nd Amendment is so important. Sure, by myself I'll be out-gunned but I'm sure like-minded citizens would join me if they steal what I have spent decades building.
If that happens LOTS of people will die. No way they take money from my retirement account to redistribute and I remain sane. I suspect many people feel that way also.
This post was edited on 3/3/19 at 9:57 am
Posted on 3/3/19 at 9:58 am to OleWarSkuleAlum
I’m not a financial guru but have lived 53 years on this sphere. My best retirement advice - apart from savings and retirement account stuff - is :
1) Pay your house off during your working years and be satisfied with it. 2) Don’t divorce if at all possible.
Those two things will go a long way.
1) Pay your house off during your working years and be satisfied with it. 2) Don’t divorce if at all possible.
Those two things will go a long way.
Posted on 3/3/19 at 10:00 am to OleWarSkuleAlum
quote:Bad news for the half that do have savings. The other half will be looking for a way to loot it via the government.
Nearly Half of All US Families Have Zero Retirement Savings
Posted on 3/3/19 at 10:00 am to OleWarSkuleAlum
quote:
No they are economically disadvantaged and don’t have access to the same tax advantaged retirement accounts.
In fact the poorest amount us are the most thrifty and save whatever meager amounts they can. Instead of hiding it from taxes they are storing coins and singular dollars under their mattress.
ohboy.gif
Posted on 3/3/19 at 10:01 am to MeatCleaverWeaver
As great American once said .."buy land cause they ain't making more of it".
Posted on 3/3/19 at 10:02 am to Parmen
quote:
fricking boomers aren’t retiring and moving on, preventing Gen X and Millennials from moving up to better positions. No wonder you have Millennials wanting free stuff
this is a legit terrible issue for millennials and the following generation
Posted on 3/3/19 at 10:02 am to OleWarSkuleAlum
quote:
Don’t worry “conservatives” the government will bail you out.
Don't need the government. I have a pension with 21 years in and growing everyday until I retire in 10 years. I also have an extremely healthy 401K. Although I will still take my social security, that I've been paying into since 1985, when I turn 62.
Posted on 3/3/19 at 10:02 am to OleWarSkuleAlum
quote:Really? What is the minimum income requirement for a "tax advantaged retirement account"? Please do, tell us.
No they are economically disadvantaged and don’t have access to the same tax advantaged retirement accounts.
This post was edited on 3/3/19 at 10:03 am
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