Retirement...how much and when.

View Poll Results: When will you retire and what % of your net income do you put away every year

Voters
31. You may not vote on this poll
  • 0-5%

    4 12.90%
  • 10%

    6 19.35%
  • 15%

    3 9.68%
  • 20%

    2 6.45%
  • 25% or more

    4 12.90%
  • I will retire at 50 years old or less

    7 22.58%
  • 55 years old

    2 6.45%
  • 60 years old

    2 6.45%
  • 65-70 years old

    5 16.13%
  • I will work like a slave until I die

    8 25.81%
Multiple Choice Poll.
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  1. #1
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    Retirement...how much and when.

    Retirement what % of your net income do you put away every year and at what age do you plan to retire.
    EDIT: THIS IS MULTIPLE CHOICE SO YOU CAN PICK 1 OF EACH.
    Last edited by TJ Cline; 06-22-2005 at 07:53 PM.
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    I haven't even thought of retirement because I'm doing something that I love and will hopefully be doing until I'm old and in the ground. However, I still try to save between 5-10% a year since I'm not going to get a pension and I'm pretty sure that any seniors benefits will be gone in 40 years. Since starting my own business that has become tougher - that whole pay yourself first thing doesn't work if you can barely pay your rent!
    Today I can do what others will not so that tomorrow I will do what others cannot.

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    i will retire at 41 years old then probably buy me a boat and a house in croatia and chill there, my sister already had a big apartment building there that she rents out so i plan to do the same to make some money and make my future stable...

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    well I 'm 52 and been retired for 11 yrs. Did put money away when I lived in Vegas. After I ran off with a younger lady my ex wife decided that the saving was her's. The judge agreed. So now no savings and only drawing one half of my pension as the ex also gets the other half, you can understand why I now reside in Baja Ca. Mexico. True story but Baja is like living in a candy store when you need gear. Shoppimg can be very fun

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    Quote Originally Posted by Tough Old Man
    well I 'm 52 and been retired for 11 yrs. Did put money away when I lived in Vegas. After I ran off with a younger lady my ex wife decided that the saving was her's. The judge agreed. So now no savings and only drawing one half of my pension as the ex also gets the other half, you can understand why I now reside in Baja Ca. Mexico. True story but Baja is like living in a candy store when you need gear. Shoppimg can be very fun
    Yet another story to inspire me never to get married again.
    That sucks Tough, it just isn't fair. We need to have a permanent don't get married thread to help these young kids.
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  6. #6
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    Shouldn't this be multiple choice so I can pick how much and when?

    Actually I am retired, I'm just doing this job to support my hobby. My hobby is paying my bills.
    Coarse edged youth, the irish pendants string from their smiles
    not yet plucked as to slacken the seams
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    no sign of despair in their hair, nor their hearts
    but oh they have yet to be experienced and that makes aging so very worth it...ML circa2012

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    prolly work until I get feeble...I hate spending money, I'm a cheap ass mofo...
    So I will keep working...Even if it's a shitty part time job.

    Unless social security is up to par by then...But at this rate, it'll be much worse...so I guess i will work work work

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    I plan on hitting the Powerball Lotto and retiring next week
    NEVER write a check with your mouth that you can't cash with your ASS!!

    I can run faster mad than you can scared

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  9. #9
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    I had always maxed out my 401K contributions and Roth IRA contributions before. not that I am self employed I plan on maxing out my SEP contributions as well along with some real estate investments. I am definetly planning on being retired by 50, working sucks ass !
    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.

  10. #10
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    Quote Originally Posted by maniclion
    Shouldn't this be multiple choice so I can pick how much and when?

    Actually I am retired, I'm just doing this job to support my hobby. My hobby is paying my bills.
    It is multiple choice.
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  11. #11
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    Foreman, great thread and topic.

    At 35, I probably will not be able to retire in the U.S., but I still kee trying to save, and put as much as I can in tax-derred saving, i.e., ROTH IRA, and a 401K when I'm in the states.

    I've always believed that I should save atleast 20% of my net income when I am working in the U.S.

    Tax-deferred funs (IRA, ROTH)
    Real-estate cash flow (house rental)
    Savings and CDs.
    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.

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    Quote Originally Posted by Mr_Snafu
    Foreman, great thread and topic.

    At 35, I probably will not be able to retire in the U.S., but I still kee trying to save, and put as much as I can in tax-derred saving, i.e., ROTH IRA, and a 401K when I'm in the states.

    I've always believed that I should save at least 20% of my net income when I am working in the U.S.

    Tax-deferred funs (IRA, ROTH)
    Real-estate cash flow (house rental)
    Savings and CDs.
    Retiring outside of the USA is something I plan to do as well. You can live like a king in some great countries off a middle class American income. I started my first IRA at 18...put in the max every year, opened up a Roth IRA next and max the bitch out + a 401K and several investments in other stocks and real estate....there is no way I'm working past 49! My father deserves 100% of the credit for my early interest in financially setting up for my future.
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    Quote Originally Posted by ForemanRules
    Retiring outside of the USA is something I plan to do as well. You can live like a king in some great countries off a middle class American income. I started my first IRA at 18...put in the max every year, opened up a Roth IRA next and max the bitch out + a 401K and several investments in other stocks and real estate....there is no way I'm working past 49! My father deserves 100% of the credit for my early interest in financially setting up for my future.
    Your family provided you with the best education possible--financial education. IRA at 18....smart, smart, move.

    I know a lot of people who retired in the 40s and 50s overseas and they have very good and easy lives. I have learned a lot from them.

    The US is so expensive as for housing and medical care and prescription drug costs. And these costs, are going to increase even more.

    And, if someone had to have a first-class operation for some reason they can fly to Singapore or Bangkok, for top quality and qualified treatment.

    Someone wants to go back to the US to visit family or get back to Americana for a while, easy. Just get on the plane.


    Almost everyone doesn't know how easy life is here. People would not believe how good you can life on so little.
    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.

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    bump
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    Quote Originally Posted by ForemanRules
    bump

    Yes, you are doing alot of Bumping today.
    Quote Originally Posted by kbm8795 View Post
    Oh, I think Americans understand that the one thing conservatives hate the most is the idea of spending American tax money on Americans. . .in America.


    Your tax money is safe. . .in Iraq.
    Total ownage.

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