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Joined: Dec 2015
Posts: 25,093 Likes: 2
Pumpkin - The Thermal Expert
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Pumpkin - The Thermal Expert
Joined: Dec 2015
Posts: 25,093 Likes: 2 |
MOST americans havent saved anything. Alot of them dont own anything that appreciates in value, maybe a car and some clothes, not much more. On the bright side, most of them dont even consider saving. It never crosses their mind. If they get $1000 today, they spend it today on things that will wear out eventually or they smoke it up. Its messed up but it is what it is. I dont see this problem getting solved because many people are happy having nothing.
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Joined: Apr 2010
Posts: 3,309
10 point
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10 point
Joined: Apr 2010
Posts: 3,309 |
I don't want to work forever. I like freedom to do what I want. Been saving ever since Ive been working.
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Joined: Jan 2017
Posts: 4,727
10 point
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10 point
Joined: Jan 2017
Posts: 4,727 |
Out of that 14% most probably only have a little more than $100,000 and that is not going to last very long!
"It is the mark of an educated mind to be able to entertain a thought without accepting it"
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Joined: Jun 2014
Posts: 4,760
10 point
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10 point
Joined: Jun 2014
Posts: 4,760 |
It is very sad. In addition to that, most don't have a burial policy or life insurance. That's why you see so many gofundme's to bury folks.
Killing my neighbors deer since 1982
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Joined: Jun 2015
Posts: 14,393
Booner
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Booner
Joined: Jun 2015
Posts: 14,393 |
Out of that 14% most probably only have a little more than $100,000 and that is not going to last very long! Would love to see a more detailed report. $0-10,000 $10,000-50,000 $50,001-100,000 $101,000-250,000 $250,000-750,000 $750,000-1,500,000 $1,500,000+
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Joined: Apr 2000
Posts: 12,596
Booner
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Booner
Joined: Apr 2000
Posts: 12,596 |
What percent is on the .gov teet? They ain't worried about saving anything cause they gonna stay on that teet till the day they die...then the kids will continue to get the check. I've been saving since the first payday i went permanent. Ain't much, but i'm in the 14%.
The harder I practice, the luckier I get.
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Joined: Dec 2015
Posts: 25,093 Likes: 2
Pumpkin - The Thermal Expert
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Pumpkin - The Thermal Expert
Joined: Dec 2015
Posts: 25,093 Likes: 2 |
It is very sad. In addition to that, most don't have a burial policy or life insurance. That's why you see so many gofundme's to bury folks. Thats a mans last inconsiderate act, leaving his family to figure out how to get him in the ground. Leaving behind a pile of expenses and no way to pay them. It happens ALOT and its pathetic.
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Joined: Feb 2009
Posts: 4,007 Likes: 2
10 point
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10 point
Joined: Feb 2009
Posts: 4,007 Likes: 2 |
I retired 16 days ago. 40 years with the same company. The first week was kinda scary. What do I do know? Well I ride around on the island and look at all the crazy people going to work. Me and the wife saved pretty well. I’m one of the lucky few. I have a pension.
"We have an opponent in this state that we work every day, 365 days a year, to dominate."
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Joined: Jun 2014
Posts: 4,760
10 point
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10 point
Joined: Jun 2014
Posts: 4,760 |
What percent is on the .gov teet? They ain't worried about saving anything cause they gonna stay on that teet till the day they die...then the kids will continue to get the check. I've been saving since the first payday i went permanent. Ain't much, but i'm in the 14%. The ones on the teet are already retired or at least semi. They probably didn't poll any of them.
Killing my neighbors deer since 1982
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Joined: Dec 2002
Posts: 12,607 Likes: 1
Booner
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Booner
Joined: Dec 2002
Posts: 12,607 Likes: 1 |
As Mitt Romney once said 47% don’t care what the taxes are either. Those people live week to week.
I’d say folks on this site are an anomaly.
Last edited by globe; 08/16/24 04:24 PM.
Everything woke turns to shucks
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Joined: Oct 2006
Posts: 8,252 Likes: 1
14 point
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14 point
Joined: Oct 2006
Posts: 8,252 Likes: 1 |
I retired 16 days ago. 40 years with the same company. The first week was kinda scary. What do I do know? Well I ride around on the island and look at all the crazy people going to work. Me and the wife saved pretty well. I’m one of the lucky few. I have a pension. I’m proud for you - I hope to join the retired crowd one day.
"The struggle you're in today, is developing the strength you need for tomorrow."
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Joined: Jun 2021
Posts: 4,320
Inter Loin Gourmet
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Inter Loin Gourmet
Joined: Jun 2021
Posts: 4,320 |
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Joined: Jul 2020
Posts: 8,865 Likes: 1
14 point
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14 point
Joined: Jul 2020
Posts: 8,865 Likes: 1 |
I will probably never get to retire. Its not that I don't have $ saved, I do, but with no wifey, no second income, with the prices of things today, it would be tough. I am really nervous about it to be honest. Of course Trump could win and if my funds do what they did last time he was POTUS, I sure would feel a whole lot better.
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Joined: Oct 2022
Posts: 3,102
10 point
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10 point
Joined: Oct 2022
Posts: 3,102 |
My plan is to work as long as possible. I’d be totally bored unless I had time and a significant amount of $$$. My current job ain’t exactly roofing work either…
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Joined: Aug 2016
Posts: 3,445
10 point
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10 point
Joined: Aug 2016
Posts: 3,445 |
I had great role model my brother. Looking to retire this year after 55 years of teaching. No debt funeral paid for
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Joined: Apr 2022
Posts: 2,153
8 point
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8 point
Joined: Apr 2022
Posts: 2,153 |
When they get hungry......Not a good thing to come into this COMPOUND....
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Joined: Jul 2016
Posts: 806
6 point
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6 point
Joined: Jul 2016
Posts: 806 |
One of the most basic parts of retiring is a budget. A budget, administered properly and adhered to monthly will, in effect lead you into investing, saving money for retirement etc. I recently asked 10 members of my family, most with a BS degree (which just means they had an opportunity to go to school) how many had a budget. Two replied in the positive, only one actually used it to control revenue/expenses. I started my first budget when I married (age 18), 50 years later I still utilize one. Retirement age is different for some, for me it was age 57. As some of you know, I still work part-time in Law Enforcement. Not because I have to…….. it affords me the opportunity to pay for my expensive hobbies and not have an impact on my budget. If you want to see where your money goes, develop a budget, even if you have large monthly expense like medical, prescriptions etc. You may be surprised. Just my two cents, if it means nothing to you, just ignore my ramblings and enjoy life.
Last edited by Jotjackson; 08/16/24 06:29 PM.
Jerry W. Jackson
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Joined: Jun 2016
Posts: 1,878
8 point
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8 point
Joined: Jun 2016
Posts: 1,878 |
One of the most basic parts of retiring is a budget. A budget, administered properly and adhered to monthly will, in effect lead you into investing, saving money for retirement etc. I recently asked 10 members of my family, most with a BS degree (which just means they had an opportunity to go to school) how many had a budget. Two replied in the positive, only one actually used it to control revenue/expenses. I started my first budget when I married (age 18), 50 years later I still utilize one. Retirement age is different for some, for me it was age 57. As some of you know, I still work part-time in Law Enforcement. Not because I have to…….. it affords me the opportunity to pay for my expensive hobbies and not have an impact on my budget. If you want to see where your money goes, develop a budget, even if you have large monthly expense like medical, prescriptions etc. You may be surprised. Just my two cents, if it means nothing to you, just ignore my ramblings and enjoy life. 90% folks couldn’t live on a budget . A they would shocked at how much they waste . I’m 591/2 and could retire whenever if I wanted . Never had a retirement at my job except last five yrs but I been doing my own with local investment company in form of Roth IRAs . I’m shocked I’m so far ahead of most people I know . Some have a better retirement opportunity than but me but refuse to sign up. . I know what being poor is an I decided long time ago I wasn’t going live week to week anymore .
Brushwacker
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Joined: Mar 2018
Posts: 11,520
Booner
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Booner
Joined: Mar 2018
Posts: 11,520 |
Shoot I’m over a half mill in the hole… was a million 4 year ago. Steadily climbing out! Retirement ain’t for me but my kids will be fine when I’m gone…
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