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re: The typical U.S. worker has $955 saved for retirement, report finds
Posted on 2/6/26 at 11:29 pm to CaptainsWafer
Posted on 2/6/26 at 11:29 pm to CaptainsWafer
quote:Enjoy your cat food and lean-to.
don’t feel so bad now only having $970 saved
0
Posted on 2/6/26 at 11:30 pm to chRxis
quote:
while we both have 401(k) plans, our real retirement plan is the sale of our pharmacies, later on... we have about another 9-10 years of paying off the note for buying the pharmacies, then i hope to get a good 5-10 years off straight profit (no note), then sell them when we decide to retire.... only thing is, we may end up selling our percentage stake to my daughter, who is, as of right now, saying she wants to be a pharmacist... but she's 13, so quite a few years before/if that happens...
Risky move considering all the BS with PBMs
Posted on 2/6/26 at 11:33 pm to PGAOLDBAWNevahBroke
quote:
Whats amazing is mofos were retiring at like 50-55 or if military damn near retired at like 39 lol
And they were all on beachfront bargain hunt. He’s retired Air Force (at 42) she’s a kindergarten teacher. Budget is $900,000.
Posted on 2/6/26 at 11:34 pm to Penrod
quote:
False. Elon Musk has enough saved for retirement to make the average almost $4,000, and that is if every other American worker has saved $0.
I’ve been drinking but help me understand the point you’re trying to make
Posted on 2/6/26 at 11:53 pm to RLDSC FAN
Huge chunk of the population is fighting just to get by while another big chunk is retired or getting close
Posted on 2/6/26 at 11:59 pm to RLDSC FAN
The article is pushing fear. Using that age range is ridiculous. It should do something like 40 or later until 64. However, this is somewhat of a "fear" push I can get behind if it scares/wakes up some young people. I kinda messed that up myself, but I also didn't work in fields that offered this type of stuff in my 20's as I was freelancing in the film industry. Once I hit my 30's though I at least started investing in company 401k's when I switched careers. Unfortunately I didn't max it as I was new to it. Thankfully in my late 30's I started my own 401k when I switched to 1099 and maxed that shite. Retired at 49 thanks to a very high paying 14 year career. Having no kids really helped there!
Regarding SS, we've been hearing about insolvency for a long time. I think it will be there for me in about 15 years, even if it is reduced a little. Or if I have to wait till 70, which I want to do anyway. I don't count on SS at all, but at minimum it should at least cover medical if they don't want to pay me in full.
Regarding SS, we've been hearing about insolvency for a long time. I think it will be there for me in about 15 years, even if it is reduced a little. Or if I have to wait till 70, which I want to do anyway. I don't count on SS at all, but at minimum it should at least cover medical if they don't want to pay me in full.
Posted on 2/7/26 at 2:05 am to sgallo3
quote:
Cowboys dont die, they just ride off into the sunset.
Either that, or get traded to a team in the NFC North.
Posted on 2/7/26 at 2:42 am to iglass
If I didnt have kids, I could live on 1/10th of what I have. If I get divorced, my wife would never survive on only half of my money.
Posted on 2/7/26 at 3:32 am to RLDSC FAN
Weird since they've almost all saved 13.5% of their salary since joining the work force.
It's almost like given we've robbed social security for disability fraud we've expected people to work live and save greater than 13.5% of everything they make?
It's almost like given we've robbed social security for disability fraud we've expected people to work live and save greater than 13.5% of everything they make?
Posted on 2/7/26 at 4:22 am to RLDSC FAN
I have slightly more than that.
Posted on 2/7/26 at 4:38 am to T1gerNate
quote:
Damn boomers just get thousands of dollars in social security a month to do whatever they want and still they bitch.
You do realize they paid into the Social Security system
Posted on 2/7/26 at 5:20 am to LSUA 75
Still doesn’t answer my main question. What happens to the money the government FORCED me to contribute over the years?
This seems like a slam dunk lawsuit IMO. They can’t force you to pay into something and not compensate you back that money. Probably even paying you what you put in isn’t enough because it would be easy to prove what that same amount of money would have been if I invested it on my own.
Again, if wasn’t forced to contribute every paycheck then I could see them having this right but idea they forced me to for 50 years is my issue.
This seems like a slam dunk lawsuit IMO. They can’t force you to pay into something and not compensate you back that money. Probably even paying you what you put in isn’t enough because it would be easy to prove what that same amount of money would have been if I invested it on my own.
Again, if wasn’t forced to contribute every paycheck then I could see them having this right but idea they forced me to for 50 years is my issue.
Posted on 2/7/26 at 6:21 am to CaptainsWafer
quote:
I don’t feel so bad now only having $970 saved.
I have $10 a month direct deposited into mine every month. Stop being poor Captain
Posted on 2/7/26 at 6:33 am to RLDSC FAN
I’ve always seen old people working at grocery stores.
Posted on 2/7/26 at 6:38 am to AllonsTigers
quote:
I plan on working until I can't anymore. Still saving like crazy so I can be the old dude who helps people at the hardware store.
what a sad world we live in for you dream to be a 80 year old man working in hardware store
My dad retired at 62 from his career as a lineman, spent about 2 years getting increasingly bored, then he subsequently put in damn near 15 years at home depot.
And no, he didn't need the money at all, just enjoyed talking to people 3 days a week.
This post was edited on 2/7/26 at 6:39 am
Posted on 2/7/26 at 6:54 am to RLDSC FAN
I’ve been doing $175 a month for 7ish years now and have 23k in a 403b. I’m 31. Plus I have a pension through KPERS in Kansas to add on top of it, which isn’t much but it’s something.
I plan on increasing the contributions eventually once I move into administration but figured this was a good starting point for me without really messing with budgeting.
I plan on increasing the contributions eventually once I move into administration but figured this was a good starting point for me without really messing with budgeting.
Posted on 2/7/26 at 6:56 am to AllonsTigers
I have zero intention of ever truly retiring. Not because I feel like I have to work until I die but because I know myself well enough to know that I’d get bored sitting at home doing nothing after a while.
Posted on 2/7/26 at 6:58 am to RLDSC FAN
I'm 53 and saving like crazy now. Hope to retire at 68. May get a part time job.
Posted on 2/7/26 at 7:05 am to RLDSC FAN
How is this possible? I save for retirement like crazy. My parents set the worst example about money I’ve ever seen. They saved nothing and I don’t want to have my golden years strained for cash. Between my wife and I we should be fine.
Posted on 2/7/26 at 7:09 am to Sho Nuff
quote:
The article is pushing fear.
It’s propaganda. The source article compares defined benefits (pensions) to defined contributions (401k,etc). You know what’s not included? IRAs
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