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Key:
Admin,
Global Mod,
Mod
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Joined: Aug 2016
Posts: 3,445
10 point
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10 point
Joined: Aug 2016
Posts: 3,445 |
Ridge life lose in market?
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Joined: Feb 2007
Posts: 21,985
Freak of Nature
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Freak of Nature
Joined: Feb 2007
Posts: 21,985 |
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. And probably half of those have a side hustle of slinging dope or some other cash only biz
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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Joined: Jul 2001
Posts: 8,245
14 point
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14 point
Joined: Jul 2001
Posts: 8,245 |
I save like mad. Trying to get my house paid off as well.
�Because a well regulated Militia is necessary to
the security of a free State, the right of the people to keep
and bear Arms shall not be infringed.�
-Justice Scalia, June 26, 2008
NRA Life Member
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Joined: Feb 2007
Posts: 21,985
Freak of Nature
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Freak of Nature
Joined: Feb 2007
Posts: 21,985 |
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. Nightly news had a segment like that interviewing retirees going back to work. On another note most stable workers are older, much older. The young don’t have the scruples previous generations had
“Socialism only works in two places: Heaven where they don't need it and hell where they already have it.” ― Ronald Reagan
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Joined: Feb 2008
Posts: 13,068 Likes: 2
Booner
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Booner
Joined: Feb 2008
Posts: 13,068 Likes: 2 |
Out of that 14% most probably only have a little more than $100,000 and that is not going to last very long! Depends on their retirement income...
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Joined: Jul 2011
Posts: 37,688
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 37,688 |
The absolute worst think a young couple can do is dig themselves into a deep hole of debt starting out.
"Why do you ask"?
Always vote the slowest path to socialism.
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Joined: Dec 2008
Posts: 3,910
10 point
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10 point
Joined: Dec 2008
Posts: 3,910 |
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. My stepmom passed 2009, she left my dad in great shape financially. No debt, money in the bank, retirement and pension. He passed in 2017 and I found out when we were making arrangements that he had cashed out his life insurance policy. In 8 years he pissed away close to a million and was in debt up to his eyes. But he died like he lived, never giving a damn about anyone but himself.
Super Predator
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Joined: Jul 2012
Posts: 5,661
12 point
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12 point
Joined: Jul 2012
Posts: 5,661 |
What percentage of retirement-aged folks still have a mortgage?
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Joined: Feb 2008
Posts: 13,068 Likes: 2
Booner
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Booner
Joined: Feb 2008
Posts: 13,068 Likes: 2 |
What percentage of retirement-aged folks still have a mortgage? I do, but 28yrs in the military moving around is mostly to blame for that.
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Joined: Feb 2008
Posts: 17,078 Likes: 2
Old Mossy Horns
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Old Mossy Horns
Joined: Feb 2008
Posts: 17,078 Likes: 2 |
What percentage of retirement-aged folks still have a mortgage? Not retired, but I will. Come to think of it, and I think about it all the time, I probably won’t ever be able to fully stop working. I may even get a side hustle.
AKA: “Dr. B”
Aldeer #121
8-3-2000
Proud alum of AUM, UAB, and UA
2023-2024 ALdeer Deer Contest Winners
2024-2025 Aldeer Deer Contest Winners
Glennis Jerome "Jerry" Harris
1938-2017
UGA Class of 1960
BS/MS Forestry
LTJG, USNR
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Joined: Apr 2018
Posts: 1,826
8 point
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8 point
Joined: Apr 2018
Posts: 1,826 |
ill be 42 when i can retire with 25 years in the state of alabama retirement system. house will be paid off in 2028. aint got a lot put back but we have fun with the kids. being in emergency medical ive seen way to many younger people die and not get to enjoy life.. im going to enjoy it while i can and im able
Turkey’s tell you when they want to die not lawmakers.
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Joined: Nov 2013
Posts: 3,527 Likes: 1
10 point
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10 point
Joined: Nov 2013
Posts: 3,527 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. Nightly news had a segment like that interviewing retirees going back to work. On another note most stable workers are older, much older. The young don’t have the scruples previous generations had I would agree but I would add the younger generation also didn’t have the parenting the older generation had.
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Joined: Jun 2017
Posts: 6,755
The Flippin’ Idiot That Could Care Less
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The Flippin’ Idiot That Could Care Less
Joined: Jun 2017
Posts: 6,755 |
I'm doin pretty good. If I sell my house I im past that 14%
But I'm not selling and I'm hoping to have it paid off before I get old.
And I've never inherited anything
No degree
No credit card debt
And raise a kid alone
I have all types of cancer and life insurance on both the kid and I
Disability insurance too
I came from a poor family that wouldn't work
I made damn sure my kid is gonna be set when I die and not have to fight for everything he has like I've had to do.
Most people inherit stuff and get a head start but not me.
Most people i know can't even buy lunch on Thursdays
They waste their money on red bull and my dew from the gas station
They to lazy to pack a work lunch or buy in bulk
They don't own houses
Y'all forget too, this ain't back in the day when you could buy land, houses or cars for a decent price
It's all by design
Keep everything sky high to starve everyone out
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Joined: Mar 2014
Posts: 2,973
10 point
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10 point
Joined: Mar 2014
Posts: 2,973 |
If possible, go with a 15 year home mortgage. If not, make extra payments towards the principle at least twice a year. This will greatly decrease your payoff time. Purchase a smaller home in a neighborhood of slightly larger homes. It will bring the value of your home up towards that of the larger homes.
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Joined: Mar 2018
Posts: 11,520
Booner
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Booner
Joined: Mar 2018
Posts: 11,520 |
Ridge life lose in market? The only market that will see my money is the one the little piggy went to… I bought a business
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Joined: Jun 2015
Posts: 14,393
Booner
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Booner
Joined: Jun 2015
Posts: 14,393 |
What percentage of retirement-aged folks still have a mortgage? I mean if they moved recently’ish and got a sub 4% mortgage, that’s not the worst thing ever assuming they’ve got the assets to easily pay it off.
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Joined: Dec 2015
Posts: 25,091 Likes: 2
Pumpkin - The Thermal Expert
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Pumpkin - The Thermal Expert
Joined: Dec 2015
Posts: 25,091 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. My stepmom passed 2009, she left my dad in great shape financially. No debt, money in the bank, retirement and pension. He passed in 2017 and I found out when we were making arrangements that he had cashed out his life insurance policy. In 8 years he pissed away close to a million and was in debt up to his eyes. But he died like he lived, never giving a damn about anyone but himself. I would have donated his body to science and left him there
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Joined: Aug 2007
Posts: 3,279
10 point
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10 point
Joined: Aug 2007
Posts: 3,279 |
Well this thread makes me feel better about my retirement but very afraid of what may come because at some point all the folks who have not done things right are gonna have to be taken care of. And the Democrat way to do that is steal from those of us who did things right to pay for the losers who did not. Point in case is Kumholas plan to just hand anyone buying a first home $25,000 or paying off the student loans of the idiots who blew $100,000 on a gay basket weaving degree.
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Joined: Jun 2014
Posts: 7,168
14 point
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14 point
Joined: Jun 2014
Posts: 7,168 |
We are 3 to 5 years away from retirement. The worry is I was a cradle robber and Mrs Biscuit will be too young for Medicare for a while. We should stay in the top 10 percentile since we are pretty conservative in our 401k investments and there’s a vested retirement scheme through work. Add in whatever the SSI thieves give back should keep us off Alpo and able to take some off season trips before we get called up.
“It’s enough to make a man feel sour. Burning minutes every day by the hour. Just to end up gone like everything else.”
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Joined: Jan 2006
Posts: 5,076
12 point
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12 point
Joined: Jan 2006
Posts: 5,076 |
I think a large part of the problem is education. I come from a poor family and very few had a good retirement. The ones that were able to retire passed away before I was old enough to have those conversations. If I knew what I know now I would have done a lot better with saving money and having a budget. I should be looking at retirement within the next few years, but unfortunately it looks like 58 will be the age I can consider retirement. In my mind retirement does not seem possible because of the direction our country is headed. I have a goal so I'll see if can be achieved in the next 8 years.
The one piece of advice I can offer to any young folks that may read this, is educate yourself on how to save and invest. The sooner you start the process the easier it is to retire when you choose to do so. Trust me, it makes a difference when you near the age of 50 and start thinking about it. There is a lot of good information online now and it is easy to educate yourself on ways to save and invest.
"Tomorrow is the most important thing in life.
Comes to us at midnight very clean.
It's perfect when it arrives and it puts itself in our hands.
It hopes we've learned something from yesterday."
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