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Posted: 1/19/2021 12:50:02 PM EDT
[#1]
I guess I'm mediocre
At least I was trying to put something away while I was working, unlike many people. |
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Posted: 1/19/2021 12:52:29 PM EDT
[#2]
Quote HistoryQuoted: If you’ve got more than a few thousand squirreled away AOC is gonna want to means-test you for SS 401k's are a show of 'whiteness', according to recent articles. You think the new 100%-in-power Communists will leave that alone?  They will not remain unmolested, as it is not "fair" to those "left out" of capitalistic wealth growth, grasshopper. If your retirement is 10 years off or more, (like me) you'll likely be "fair shared" into the same financial boat as those who didn't put ANYTHING away, once the Communists take your retirement wealth and replace it with a promise to "take care of you, like everyone else". With the costs of Govt programs, giveaways, free-stuff-for-everyone, open borders -- that HUGE pile of citizen 401k's just sitting there, ripe for the taking, is just too irresistible. "With the situation Trump left us in, we must act to save our country and nationalize those retirement funds to ensure equity for all" |
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Posted: 1/19/2021 12:52:30 PM EDT
[#3]
Quote HistoryQuoted: Relying on others to provide for your retirement is good shape? Quote HistoryQuoted: Quoted: This does not include pensions or rental income. Relying on others to provide for your retirement is good shape? You're relying on others no matter what. Whats your plan ? Mutual Funds? Bonds? Options? Dividends ? How is that not relying on the decisions of others? OK , maybe your plan is just to save 2M and live off of the principal in your retirement years. Tell us how you accumulated the 2M. Unless you have one killer ass job that pays insane money enabling you to save 50G for 40years *OR* 40G for 50 years, you're probably going to use one of the financial tools I mentioned. Well look at that..... You're relying on others. |
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Posted: 1/19/2021 12:54:49 PM EDT
[#4]
Inflation is gonna eat it to nothing or the feds will just nationalize it. Either way, this whole "work to a set day then stop" that's gonna be a pipe dream for anybody not on a government pension.
Hooray for the boomers that got theirs, but for most people, you're probably better off enjoying hookers and blow today instead of worrying about your non existent retirement |
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Posted: 1/19/2021 12:55:03 PM EDT
[#5]
I absolutely do not have enough to withstand a communistic environment.
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Posted: 1/19/2021 12:56:32 PM EDT
[#6]
Net worth is roughly half that number.
Still owe on my house, which is my only real liability at this time. No car payments, no credit card debt, just utilities and mortgage. Retirement and savings have a ways to go before being close to $1MM, let alone 2. Mid-30's. |
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Posted: 1/19/2021 1:00:06 PM EDT
[#7]
Quote HistoryQuoted: After what is coming you won’t have any savings anyway. Yup everyone below the age 50 will die with their boots on. Boomers are the last to retire in this new world. |
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Posted: 1/19/2021 1:00:13 PM EDT
[#8]
So being mid-late 30’s, what should I have in my 401k/Roth IRA?
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Posted: 1/19/2021 1:05:07 PM EDT
[#9]
The swamp will do their best to make everyone into a welfare class by printing money to deflate the dollar and by a higher minimum wage to undermine the middle class.
Obumbo tried hard to do this. China+swamp did more in 2020 to further this end than 8 years of the crispy turd. |
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Posted: 1/19/2021 1:06:39 PM EDT
[#10]
Quote HistoryQuoted: So being mid-late 30’s, what should I have in my 401k/Roth IRA? According to all the financial wizards, you should be saving $3000 a month on your $5500/month (before taxes) salary. Just as a START, fresh out of high school.  |
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Posted: 1/19/2021 1:07:35 PM EDT
[#11]
My oncologists will retire well on my retirement savings and insurance reimbursements.
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Posted: 1/19/2021 1:12:21 PM EDT
[#12]
With two divorces under my belt, yeah, no.
I'll be working till I'm 75. |
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Posted: 1/19/2021 1:30:37 PM EDT
[#13]
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Posted: 1/19/2021 1:30:58 PM EDT
[#14]
Quote HistoryQuoted: I absolutely do not have enough to withstand a communistic environment. I've attached a short short teaching aid from a well-regarded documentary. It should help you understand how much happier you will be with much less wealth and fewer material possessions.  Tom Tuttle from Tacoma Washington |
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Posted: 1/19/2021 1:32:33 PM EDT
[#15]
I will be fine.
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Posted: 1/19/2021 1:34:44 PM EDT
[#16]
Not bad, but it’d be nice if it was more.
I have done a great job of saving outside my -401(k)- retirement plan, though. My goal there is 10x my highest salary before I retire (pretty close). |
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Posted: 1/19/2021 1:45:30 PM EDT
[#17]
Quote HistoryQuoted: Relying on others to provide for your retirement is good shape? Quote HistoryQuoted: Quoted: This does not include pensions or rental income. Relying on others to provide for your retirement is good shape? |
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Posted: 1/19/2021 1:48:15 PM EDT
[#18]
Quote HistoryQuoted: How can it exclude pensions and rental income? Quote HistoryQuoted: Quoted: Do you currently have more than $2mil in retirement saving/investing vehicles? This does not include pensions or rental income. How can it exclude pensions and rental income? |
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Posted: 1/19/2021 1:55:52 PM EDT
[#19]
I have about $8000 worth of primers too.
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Posted: 1/19/2021 5:33:12 PM EDT
[#20]
Quote HistoryQuoted: Because as usual OP is doing his trolling thing. Quote HistoryQuoted: Quoted: Quoted: Do you currently have more than $2mil in retirement saving/investing vehicles? This does not include pensions or rental income. How can it exclude pensions and rental income? I decided a while back not to put all of my eggs in one basket. My retirement income will consist of: *My IRA & savings *Rental income *Social security (whatever that will be) *A part time job doing something I dont mind doing, at least for a few years. |
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Posted: 1/19/2021 7:16:44 PM EDT
[#21]
Quoted: Do you currently have more than $2mil in retirement saving/investing vehicles? Nope. Sure don't. Guess I'm screwed. |
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Posted: 1/19/2021 7:24:42 PM EDT
[#22]
Not even close.
And I'm getting long in the tooth... |
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Posted: 1/19/2021 7:25:30 PM EDT
[#23]
DDMT.
daily data mining thread. |
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Posted: 1/19/2021 7:28:03 PM EDT
[#24]
Quote HistoryQuoted: I'll die with my boots on. Because that's all you got left? |
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Posted: 1/19/2021 7:32:53 PM EDT
[#25]
Quote HistoryQuoted: Average is shit Median is what the cool kids use Median retirement savings at 60 is at round $175,000. What exactly was the point of your  asinine statement?Besides bragging and trolling? |
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Posted: 1/19/2021 7:33:27 PM EDT
[#26]
I don't really put much towards retirement.
Barring a change in life situation - which is extremely doubtful, though I guess not impossible - I don't plan on retiring. Because there exists that extremely slim chance, I still at least put something away, but it is not a focus. |
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Posted: 1/19/2021 7:36:37 PM EDT
[#27]
Currently over 3 mil in retirement. Was hoping for four more years of President Trump and then I would be golden. Now I don’t know.
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Posted: 1/19/2021 7:37:27 PM EDT
[#28]
Hell no
I think I have 100k maybe in a 401k Real estate thoigh?! I got dat |
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Posted: 1/19/2021 7:38:19 PM EDT
[#29]
I'm 27 so no. For my age? Yes my retirement is looking very good.
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Posted: 1/19/2021 7:44:53 PM EDT
[#30]
Quote HistoryQuoted: Relying on others to provide for your retirement is good shape? You're always relying on others to retire. That economy that makes the money worth something isn't going to run itself. That's what money is, a share of future productivity. The historical strategy has been to have children who love you and will take care of you when you are old. |
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Posted: 1/19/2021 7:45:10 PM EDT
[#31]
.gov is gonna kill all the patriots in the next few years, why would I be worried about retirement?
Look at where this world is going, don't need to be living in that by the time I get to that age, I can barely even imagine what an incredible shithole earth will be by then if it's still here. |
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Posted: 1/19/2021 7:47:31 PM EDT
[#32]
I just got paid today,,, got me a pocket full of change
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Posted: 1/19/2021 7:50:53 PM EDT
[#33]
Given the current political climate I'm right on track.
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Posted: 1/19/2021 7:52:40 PM EDT
[#34]
Quote HistoryQuoted: I just got paid today,,, got me a pocket full of change I had one glad hand and the other behind You can have yours, just give me mine |
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Posted: 1/19/2021 7:54:07 PM EDT
[#35]
If I'm mediocre what does that make everyone else?
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Posted: 1/19/2021 7:54:17 PM EDT
[#36]
Quote HistoryQuoted: Average is shit Median is what the cool kids use Paying off your house and living a debt free life is what the cool kids use. |
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Posted: 1/19/2021 7:57:30 PM EDT
[#37]
Yes we have over $2M in our combined retirement/investment accounts.
Wife and I are both in our mid 40s. |
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Posted: 1/19/2021 8:00:10 PM EDT
[#38]
Quoted: Do you currently have more than $2mil in retirement saving/investing vehicles? This does not include pensions or rental income. Wait you have two questions going on at once and they have different answers. Do you have mediocre retirement savings? Do you currently have more than $2mil in retirement saving/investing vehicles? |
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Posted: 1/19/2021 8:09:25 PM EDT
[#39]
I don't have nearly that much, but after three years of retirement I have more than I did when I retired. That includes paying cash for a new vehicle and not yet taking SS. So I guess I'm doing ok.
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Posted: 1/19/2021 8:15:13 PM EDT
[#40]
I am counting on the DOJ to give me
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Posted: 1/19/2021 8:20:17 PM EDT
[#41]
No. But why wouldn’t you include pensions?
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Posted: 1/19/2021 8:26:11 PM EDT
[#42]
Living large here with a $50 savings bond that matures next year, and a 100 pack of small rifle primers. I should be good.
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Posted: 1/19/2021 8:31:37 PM EDT
[#43]
Chugging along. I've still got about 30 years of work to go.
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Posted: 1/19/2021 8:34:28 PM EDT
[#44]
Quote HistoryQuoted: According to all the financial wizards, you should be saving $3000 a month on your $5500/month (before taxes) salary. Just as a START, fresh out of high school. Quote HistoryQuoted: Quoted: So being mid-late 30’s, what should I have in my 401k/Roth IRA? According to all the financial wizards, you should be saving $3000 a month on your $5500/month (before taxes) salary. Just as a START, fresh out of high school. If you don’t have a million bucks-which ain’t shit according to many here-by 25 in hard cash, you’re a loser and destined for poverty |
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Posted: 1/19/2021 9:01:33 PM EDT
[#45]
Quote HistoryQuoted: I'll die with my boots on. |
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Posted: 1/19/2021 9:06:01 PM EDT
[#46]
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Posted: 1/19/2021 9:22:09 PM EDT
[#47]
Not 2 million. But I live in rural Missouri. All I need is my own little mountain. I'm set.
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Posted: 1/19/2021 9:24:16 PM EDT
[#48]
I'll be working on the day I die.
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Posted: 1/19/2021 10:04:59 PM EDT
[#49]
Quote HistoryQuoted: I'll be working on the day I die. In my opinion... That's one of the biggest lies young & middle aged folks tell themselves. You really think you're going to leave for work one morning, work all day, then drive yourself to the funeral home? Lay down in a casket you picked out years earlier and go to sleep? No fuss, no hassle. No inconvenience on your family? Or... wait, maybe you think you'll work full time well into your elderly years while your body & mind break down? Health issues popping up, old injuries resurfacing? Brother, you'd better change your way of thinking and start planning. |
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Posted: 1/20/2021 8:44:55 AM EDT
[#50]
Quote HistoryQuoted: I'll be working on the day I die. |
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