IronMagLabs Osta Rx


How many of you are actually saving for retirement?

Page 1 of 6 12345 ... LastLast
Results 1 to 30 of 155
  1. #1
    Registered User


    Join Date
    Aug 2011
    Gender
    Male
    Location
    USA
    Posts
    57
    Rep Points
    3483770

    How many of you are actually saving for retirement?






    I read in a CNN article a couple weeks back that 49% aren't saving ANYTHING for retirement. That's freaking scary. Will old people be living in the streets 40 years from now? I just have a Roth and I max it out. When I pay off my student loans and cc debt, then I'll open up a taxable and invest some more. Need to start when you're young. How many of you are actually saving for retirement?

  2. #2
    Registered User
    hoyle21's Avatar


    Join Date
    Apr 2011
    Gender
    Male
    Location
    in a van down by the river
    Posts
    3,640
    Rep Points
    623703604

    I was putting 20% in a 401k that my company matched, but had to cut back this year. I'll increase it again as soon as I can.

  3. #3
    Elite Member
    SUPER MODERATOR
    Curt James's Avatar


    Join Date
    Dec 2009
    Gender
    Male
    Location
    Carlisle, Pennsylvania, USA
    Posts
    14,696
    Rep Points
    2147483647

    Have two 401k equivalents courtesy of the school district, but my longterm plan is to ride my motorcycle off a cliff when I reach the end of my rope, say age 120 or so.

  4. #4
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & Florida & St. Croix
    Posts
    16,354
    Rep Points
    962148245

    Quote Originally Posted by Braveheart82 View Post
    I read in a CNN article a couple weeks back that 49% aren't saving ANYTHING for retirement. That's freaking scary. Will old people be living in the streets 40 years from now? I just have a Roth and I max it out. When I pay off my student loans and cc debt, then I'll open up a taxable and invest some more. Need to start when you're young. How many of you are actually saving for retirement?
    that's 50% of the babyboomers alone, there are more than that with zero as those in the lower income quintile save less than .01% of their annual income, they don't make enough to save. boomers totally fucked themselves when they pulled all that equity out of their homes to fuel consumption during the late 90's and early 2000's. they are leading the country in bankruptcy's from the housing asset bubble burst.

    I moved most of my assets out of the US long ago, can earn from 10-15% in many country's. savers in the US are getting so fucked over with banking paying less than 1% APR on accounts and real inflation is closer to 4-5% a year. right now US workers/taxpayers are paying interest to bondholders which are the same people that caused the financial crisis. talk about getting fucked in the ass with out a reach around...
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  5. #5
    Pushing The Limits


    Join Date
    Mar 2012
    Gender
    Male
    Location
    My Favorite Place
    Posts
    1,138
    Rep Points
    184734304

    My wife and I have been investing/saving for retirement for years... I will probably never retire, I enjoy working, I just work a lot less these days
    Nvrbdr is created 100% for entertainment purposes and should NOT be taken seriously. Steroid use is illegal without a prescription, always advise with your doctor

  6. #6
    Senior Member
    ELITE MEMBER
    BFHammer's Avatar


    Join Date
    Feb 2012
    Gender
    Male
    Location
    Over the rainbow
    Posts
    574
    Rep Points
    38679575

    Savers are losers with taxes and inflation. Buy rental property and get cash flow now instead of hoping and praying Obama bin Biden doesn't nationalize your 401k to pay for his half billion dollar vote buying to ACORN

  7. #7
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & Florida & St. Croix
    Posts
    16,354
    Rep Points
    962148245

    Quote Originally Posted by BFHammer View Post
    Savers are losers with taxes and inflation. Buy rental property and get cash flow now instead of hoping and praying Obama bin Biden doesn't nationalize your 401k to pay for his half billion dollar vote buying to ACORN
    and how exactly does voter registration turn into votes in the electoral college? can you explain that process?
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  8. #8
    Windy City
    ELITE MEMBER
    Big Smoothy's Avatar


    Join Date
    Jan 2004
    Location
    South America
    Posts
    5,582
    Rep Points
    235125658

    Quote Originally Posted by Braveheart82 View Post
    I read in a CNN article a couple weeks back that 49% aren't saving ANYTHING for retirement. That's freaking scary. Will old people be living in the streets 40 years from now? I just have a Roth and I max it out. When I pay off my student loans and cc debt, then I'll open up a taxable and invest some more. Need to start when you're young. How many of you are actually saving for retirement?
    I am not saving for retirement, I am saving for old age and medical issues.

    Why am I not saving for retirement? Because the concept of retirement is over.

    We will work until:

    1. we die

    or,

    2. we are too old physically or mentally to work (provided we are hired in our 70s and 80s).

    I do try to save for old age.
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

    -- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.

  9. #9
    Senior Member
    ELITE MEMBER
    BFHammer's Avatar


    Join Date
    Feb 2012
    Gender
    Male
    Location
    Over the rainbow
    Posts
    574
    Rep Points
    38679575

    Quote Originally Posted by LAM View Post
    and how exactly does voter registration turn into votes in the electoral college? can you explain that process?
    If your to dense to figure out voting multiple times on fraudulent absentee ballots, multiple voting, and hundreds of thousands of your illegals voting there really isn't any explanation that can help you.

    You democrats need an ID for your welfare checks yet don't think you should have to show one for voting who can dole out billions to his cronies.

  10. #10
    Pushing The Limits


    Join Date
    Mar 2012
    Gender
    Male
    Location
    My Favorite Place
    Posts
    1,138
    Rep Points
    184734304

    Quote Originally Posted by BFHammer View Post
    Savers are losers with taxes and inflation. Buy rental property and get cash flow now instead of hoping and praying Obama bin Biden doesn't nationalize your 401k to pay for his half billion dollar vote buying to ACORN
    If a person doesn't save, his buying power is limited. Cash is a strong position to be in, especially in these days when investment property owners credit purchasing power is in a strangle hold for the most part. CASH is buying power now. That being said, I agree, real estate investment properties can be very profitable(I have been in this business for years), experience has taught me to have my eggs in several baskets, and to stay proportionately balanced in what you own.
    Nvrbdr is created 100% for entertainment purposes and should NOT be taken seriously. Steroid use is illegal without a prescription, always advise with your doctor

  11. #11
    Chemistry Experiment
    ADMINISTRATOR
    heavyiron's Avatar


    Join Date
    Dec 2009
    Gender
    Male
    Location
    Staying Anabolic
    Posts
    14,954
    Rep Points
    2147483647

    Yup, always contribute to our 401K's.

    However not sure I want to retire. I like working.




    IronMagLabs 15% Off Coupon Code = heavyiron15

    International and USA Customers go to Orbitnutrition.com and use HEAVY10 for 10% off all orders at Orbit



    IronMag Research Now Open! - heavyiron15 for 15% off!
    All posts are for entertainment and may contain fiction. Consult a medical doctor before using any medications or supplements. Heavyiron does not advocate readers engage in any illegal activity.



  12. #12
    Registered User
    ctr10's Avatar


    Join Date
    Feb 2012
    Gender
    Male
    Location
    pa
    Posts
    2,227
    Rep Points
    1191619638

    I have a 401K, IRA and a pension

  13. #13
    Results by Design
    BOARD REP
    OMEGAx's Avatar


    Join Date
    Jan 2011
    Gender
    Male
    Location
    Q
    Posts
    1,340
    Rep Points
    -57910579

    I intend to Kill 1 or 2 people on my way out..............

  14. #14
    Registered User


    Join Date
    Oct 2011
    Gender
    Male
    Location
    the country
    Posts
    12
    Rep Points
    13786684

    Quote Originally Posted by LAM View Post
    that's 50% of the babyboomers alone, there are more than that with zero as those in the lower income quintile save less than .01% of their annual income, they don't make enough to save. boomers totally fucked themselves when they pulled all that equity out of their homes to fuel consumption during the late 90's and early 2000's. they are leading the country in bankruptcy's from the housing asset bubble burst.

    I moved most of my assets out of the US long ago, can earn from 10-15% in many country's. savers in the US are getting so fucked over with banking paying less than 1% APR on accounts and real inflation is closer to 4-5% a year. right now US workers/taxpayers are paying interest to bondholders which are the same people that caused the financial crisis. talk about getting fucked in the ass with out a reach around...
    Hopefully not to Greece:]
    Quote Originally Posted by heavyiron View Post
    Yup, always contribute to our 401K's.

    However not sure I want to retire. I like working.
    Retirement will be fun for a while but I see it getting old. I don't have any studies or statistics on this but from what i've seen it seems guys who work late into life end up living longer.

  15. #15
    Senior Member
    ADMINISTRATOR
    Prince's Avatar


    Join Date
    Nov 2000
    Gender
    Male
    Location
    Panama
    Posts
    62,662
    Rep Points
    2147483647

    I don't ever expect to retire, I think I would be bored out of my mind if I were not busy working





    IronMagLabs 15% Discount Code: Robert15



    IronMag Research 15% Discount Code: Robert15



  16. #16
    Registered User


    Join Date
    Sep 2006
    Location
    AZ
    Posts
    219
    Rep Points
    13746762

    I have too many bills to invest into a 401k. Most people are in my situation. I have to lower my standard of living in order to invest, but there isnt much to lower...

  17. #17
    Registered User
    vicious 13's Avatar


    Join Date
    Aug 2011
    Gender
    Male
    Location
    corona ca
    Posts
    1,509
    Rep Points
    96896749

    I have a bitchin pension through the carpenters union right now trying to invest in properties for retirement

  18. #18
    Windy City
    ELITE MEMBER
    Big Smoothy's Avatar


    Join Date
    Jan 2004
    Location
    South America
    Posts
    5,582
    Rep Points
    235125658

    I used to pay into the 401K.

    It's a disaster. A scam. It it only means your taxes are deferred. LOTS of HIDDEN FEES.

    They can change the rules anytime.

    I intentionally do NOT invest in a 401K and instead go into Index funds and precious metals.
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

    -- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.

  19. #19
    Registered User
    vicious 13's Avatar


    Join Date
    Aug 2011
    Gender
    Male
    Location
    corona ca
    Posts
    1,509
    Rep Points
    96896749

    401 k is a scam

  20. #20
    Registered User
    heckler7's Avatar


    Join Date
    Nov 2010
    Gender
    Male
    Location
    ventura, ca
    Posts
    4,898
    Rep Points
    1914976911

    paycheck to paycheck. retirement was cool for my granparents, we had a good time in the summer when I was a child. Do companies still offer 401k? havent seen that in years

  21. #21
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & Florida & St. Croix
    Posts
    16,354
    Rep Points
    962148245

    Quote Originally Posted by Big Smoothy View Post
    I used to pay into the 401K.

    It's a disaster. A scam. It it only means your taxes are deferred. LOTS of HIDDEN FEES.

    They can change the rules anytime.

    I intentionally do NOT invest in a 401K and instead go into Index funds and precious metals.
    taxes being deferred is the major part of the scam, it's one of the many "illusions" of free choice that are given to people. only about 1-3 americans are contributing to 401k's and the majority of the large firms and global 500's are located in the northern states. a large percentage of those workers that build enough for retirement move to the lower taxed , lower population southern states. along with them comes their retirement savings and savings being nothing more than delayed consumption then goes into the local economy's.

    monies invested by the "average" worker in 401's aren't enough to retire on or even provide a sufficient amount of income for long maybe a couple of years.

    401k's are just another method that wallstreet and the banks use the workers to generate profits for their non-working asses. returns are skewed by those on the high end and complex graphs and charts from investment firms look "impressive" to people as most have not a clue what they are looking at.

    only 16% of US workers have guaranteed pension plans. I haven't read it yet but people say the book "The Great 401 (k) Hoax" sheds light on the whole scam. not many will be retiring in the US in the future.
    Last edited by LAM; 06-10-2012 at 03:11 PM.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  22. #22
    .45 ACP rules!


    Join Date
    Feb 2008
    Gender
    Male
    Location
    Michigan
    Posts
    5,511
    Rep Points
    2147483647

    I'm putting a modest amount into 401k. I'm also investing in guns and bullets. Either way I'll have the currency of the future.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

  23. #23
    .45 ACP rules!


    Join Date
    Feb 2008
    Gender
    Male
    Location
    Michigan
    Posts
    5,511
    Rep Points
    2147483647

    Quote Originally Posted by Curt James View Post
    Have two 401k equivalents courtesy of the school district, but my longterm plan is to ride my motorcycle off a cliff when I reach the end of my rope, say age 120 or so.
    I may not be riding my motorcycle off a cliff but I do plan on touring the country most of my retirement time. Touring by motorcycle, that is.
    If gunners were as violent as anti-gunners believe, logically there wouldn't be any anti-gunners left.

  24. #24
    Chemistry Experiment
    ADMINISTRATOR
    heavyiron's Avatar


    Join Date
    Dec 2009
    Gender
    Male
    Location
    Staying Anabolic
    Posts
    14,954
    Rep Points
    2147483647

    Quote Originally Posted by Big Smoothy View Post
    I used to pay into the 401K.

    It's a disaster. A scam. It it only means your taxes are deferred. LOTS of HIDDEN FEES.

    They can change the rules anytime.

    I intentionally do NOT invest in a 401K and instead go into Index funds and precious metals.
    Not always. You can invest after tax dollars in many 401K plans. Roth 401K's are becomming pretty common. Another one is interestingly enough called an after tax 401K.

    My wife currently invests soley in a Roth 401K.




    IronMagLabs 15% Off Coupon Code = heavyiron15

    International and USA Customers go to Orbitnutrition.com and use HEAVY10 for 10% off all orders at Orbit



    IronMag Research Now Open! - heavyiron15 for 15% off!
    All posts are for entertainment and may contain fiction. Consult a medical doctor before using any medications or supplements. Heavyiron does not advocate readers engage in any illegal activity.



  25. #25
    Team RamRod
    BOARD REP
    OfficerFarva's Avatar


    Join Date
    Jan 2009
    Gender
    Male
    Location
    Dunkin' Donuts
    Posts
    4,459
    Rep Points
    2147483647

    I'm saving up to buy one of these. I just don't know where I want to store it, at home or in a bank vault.



  26. #26
    Chemistry Experiment
    ADMINISTRATOR
    heavyiron's Avatar


    Join Date
    Dec 2009
    Gender
    Male
    Location
    Staying Anabolic
    Posts
    14,954
    Rep Points
    2147483647

    Quote Originally Posted by Big Smoothy View Post
    I used to pay into the 401K.

    It's a disaster. A scam. It it only means your taxes are deferred. LOTS of HIDDEN FEES.

    They can change the rules anytime.

    I intentionally do NOT invest in a 401K and instead go into Index funds and precious metals.
    Oh, also there are no hidden fees anymore. New regs about 2 yeears ago made employer disclosure of fees a law and this year employee fees MUST be disclosed by law.




    IronMagLabs 15% Off Coupon Code = heavyiron15

    International and USA Customers go to Orbitnutrition.com and use HEAVY10 for 10% off all orders at Orbit



    IronMag Research Now Open! - heavyiron15 for 15% off!
    All posts are for entertainment and may contain fiction. Consult a medical doctor before using any medications or supplements. Heavyiron does not advocate readers engage in any illegal activity.



  27. #27
    Is Doin It 4 Da Shorteez
    LAM's Avatar


    Join Date
    May 2002
    Gender
    Male
    Location
    Las Vegas & Florida & St. Croix
    Posts
    16,354
    Rep Points
    962148245

    fees for some state pension plans and 401k's are freaking ridiculous. one example is the Wisconsin state pension funds which gets charged 300M a year to have those assets managed.
    William F. Buckley describes a conservative as, "someone who stands athwart history, yelling Stop." - and then proceeds to drag civilization back to times best left in history's dungheap.

  28. #28
    Windy City
    ELITE MEMBER
    Big Smoothy's Avatar


    Join Date
    Jan 2004
    Location
    South America
    Posts
    5,582
    Rep Points
    235125658

    Quote Originally Posted by heavyiron View Post
    Oh, also there are no hidden fees anymore. New regs about 2 yeears ago made employer disclosure of fees a law and this year employee fees MUST be disclosed by law.
    If it covers all of those previous hidden fees and it transparent that's good - no, that is what should be done.

    I am still skeptical.

    There were - and I think may still be - the fees that are disclosed but do not reveal how much money you are losing over decades.
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

    -- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.

  29. #29
    Windy City
    ELITE MEMBER
    Big Smoothy's Avatar


    Join Date
    Jan 2004
    Location
    South America
    Posts
    5,582
    Rep Points
    235125658

    Quote Originally Posted by heavyiron View Post
    Not always. You can invest after tax dollars in many 401K plans. Roth 401K's are becomming pretty common. Another one is interestingly enough called an after tax 401K.

    My wife currently invests soley in a Roth 401K.
    I have a traditional IRA from the 1990s and also a ROTH IRA - they both are bad.

    Remember, Congress can change the rules on you at anytime.
    It's an accurate statement that our current spending will not be increasing the debt We've stopped spending money that we don't have.

    -- Jack Lew, then director of the Office of Management and Budget, in Feb. 16, 2011 testimony before the Senate Budget Committee.

  30. #30
    Chemistry Experiment
    ADMINISTRATOR
    heavyiron's Avatar


    Join Date
    Dec 2009
    Gender
    Male
    Location
    Staying Anabolic
    Posts
    14,954
    Rep Points
    2147483647






    Quote Originally Posted by LAM View Post
    fees for some state pension plans and 401k's are freaking ridiculous. one example is the Wisconsin state pension funds which gets charged 300M a year to have those assets managed.
    401K plan fees can vary greatly. Some are pretty low, usually bigger plans with more participants. My better half has hers through a large insurance company she works for. They also test plans to see if they are meeting IRS regs.

    With employer matching its a no brainer. I have averaged about 115% returns per year on my money since 2008. My plan matches contrbutions dollar for dollar. My wifes plan also does matching but its less than mine.




    IronMagLabs 15% Off Coupon Code = heavyiron15

    International and USA Customers go to Orbitnutrition.com and use HEAVY10 for 10% off all orders at Orbit



    IronMag Research Now Open! - heavyiron15 for 15% off!
    All posts are for entertainment and may contain fiction. Consult a medical doctor before using any medications or supplements. Heavyiron does not advocate readers engage in any illegal activity.



Page 1 of 6 12345 ... LastLast

Similar Threads

  1. Replies: 23
    Last Post: 12-29-2013, 10:15 PM
  2. Retirement...how much and when.
    By TJ Cline in forum Open Chat
    Replies: 50
    Last Post: 01-31-2006, 08:24 PM
  3. Your retirement
    By John H. in forum Open Chat
    Replies: 2
    Last Post: 05-18-2005, 01:40 AM
  4. The Importance of a 401K Retirement plan
    By Foggy Doggy in forum Open Chat
    Replies: 1
    Last Post: 05-09-2003, 09:07 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
DISABLED END -->