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Omaha Steve (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:39 PM Original message |
$300,000 should be in the bank to cover retirement expenses |
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Skink (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:42 PM Response to Original message |
1. I haven't made half that in my life and I've been working 20 years. |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:48 PM Response to Reply #1 |
8. I love people who tell me I should have saved $2000 a year |
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electron_blue (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:27 AM Response to Reply #8 |
47. you paid taxes on $2600/year? How? |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 10:05 AM Response to Reply #47 |
50. FICA, withholding and sales tax |
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electron_blue (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 10:12 AM Response to Reply #50 |
52. Okay, I forgot about sales tax & fica. I still don't see how that took |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 10:17 AM Response to Reply #52 |
53. Index to inflation |
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electron_blue (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 10:26 AM Response to Reply #53 |
54. Yeah, I was talking about 20 years ago, perhaps you meant 40+ years ago? |
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conflictgirl (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 02:45 PM Response to Reply #8 |
59. I know, I hate that |
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Megahurtz (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:05 PM Response to Reply #59 |
66. Amazing how all of these people with their "Bright Ideas" |
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rubberducky (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:45 PM Response to Original message |
2. Looks like I`ll work until I drop! |
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yy4me (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 06:45 AM Response to Reply #2 |
35. No such thing, I tried it,doesn't work, I'm back to work, |
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RebelOne (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 07:14 AM Response to Reply #35 |
36. Yup, looks like I will be working until I drop. |
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CTyankee (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 06:46 PM Response to Reply #35 |
112. I get a good amount from SS but my mother's estate |
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RebelOne (1000+ posts) Send PM | Profile | Ignore | Fri Aug-04-06 09:02 AM Response to Reply #112 |
115. That is another reason I continue to work full time. |
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evlbstrd (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:45 PM Response to Original message |
3. Oh, fuck. |
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teach1st (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:45 PM Response to Original message |
4. Then I'm screwed N/T |
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mom cat (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 09:00 PM Response to Reply #4 |
13. You are not alone. |
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katinmn (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:46 PM Response to Original message |
5. Unreal. I wonder how many American seniors have that much |
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coalition_unwilling (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 02:40 PM Response to Reply #5 |
58. When a single family home (and its equity) is included as part |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:43 PM Response to Reply #58 |
70. only in california |
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Journeyman (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:47 PM Response to Original message |
6. "Those numbers are in addition to having health insurance." . . . |
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marmar (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:47 PM Response to Original message |
7. Universal single payer... |
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pokercat999 (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:48 AM Response to Reply #7 |
32. US Health Care Service. Based on a "military style" |
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Bozita (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:50 PM Response to Original message |
9. That's 28 YEARS of GROSS pay for a minimum wage worker |
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KatyaR (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 09:03 PM Response to Reply #9 |
15. So I guess if you save one-half of EVERY paycheck for 56 years, |
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mike923 (325 posts) Send PM | Profile | Ignore | Tue Aug-01-06 07:59 AM Response to Reply #15 |
39. A course in the time value of money would be helpful back here. |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 01:02 PM Response to Reply #39 |
106. a myth pushed by investment firms |
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Iowa (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 04:48 PM Response to Reply #15 |
64. That's not how it works... |
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RawMaterials (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:00 PM Response to Reply #64 |
82. and own a business |
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llmart (1000+ posts) Send PM | Profile | Ignore | Wed Aug-02-06 12:50 PM Response to Reply #64 |
96. You are 100% correct ..... |
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Lasher (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 07:02 AM Response to Reply #96 |
99. That's the way it worked out for me too. |
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llmart (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 12:02 PM Response to Reply #99 |
104. I can't feel too much sympathy for the 20's and 30's somethings... |
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Lasher (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 12:23 PM Response to Reply #104 |
105. Now now, let's not lump them all together |
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idgiehkt (1000+ posts) Send PM | Profile | Ignore | Fri Aug-04-06 08:56 AM Response to Reply #104 |
114. LOL |
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Bill McBlueState (1000+ posts) Send PM | Profile | Ignore | Fri Aug-04-06 09:11 AM Response to Reply #64 |
116. did you have tens of thousands of dollars in student loans? |
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Megahurtz (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:12 PM Response to Reply #15 |
67. Yeah I know of some good spots. n/t |
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sgxnk (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:19 AM Response to Reply #9 |
44. um |
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LincolnMcGrath (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:50 PM Response to Original message |
10. Unbelievable! It is really a shame we have dlcentrist-zellocrats caving in |
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baldguy (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:50 PM Response to Original message |
11. . |
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Orrex (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 08:58 PM Response to Original message |
12. That's the mantra of corporate America |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 11:30 PM Response to Reply #12 |
23. Buy your coffin from costco..use it as a coffee table/storage |
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daleo (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 11:35 PM Response to Reply #23 |
24. Or "dig your own grave, and save!" |
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mikeytherat (1000+ posts) Send PM | Profile | Ignore | Wed Aug-02-06 06:58 AM Response to Reply #24 |
87. A great video, along with "Mothballing Your Battleship" and |
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WhiteTara (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 08:32 PM Response to Reply #23 |
79. great idea. I'm thinking home cremation |
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Subdivisions (1000+ posts) Send PM | Profile | Ignore | Wed Aug-02-06 10:53 AM Response to Reply #23 |
95. I used to have.. |
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mike923 (325 posts) Send PM | Profile | Ignore | Tue Aug-01-06 08:00 AM Response to Reply #12 |
41. Consider yourself lucky if you can still work at 85... |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:46 PM Response to Reply #41 |
71. no one's going to hire you at 85 |
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mike923 (325 posts) Send PM | Profile | Ignore | Wed Aug-02-06 09:56 AM Response to Reply #71 |
90. My point was.... |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 01:04 PM Response to Reply #90 |
107. half of all people over age 85 have alzheimer's symptoms |
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mike923 (325 posts) Send PM | Profile | Ignore | Thu Aug-03-06 01:42 PM Response to Reply #107 |
110. In 2006 people over 85 are very elderly... |
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kineneb (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 09:01 PM Response to Original message |
14. health care now vs. retirement later |
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Sancho (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 09:05 PM Response to Original message |
16. This will be the news of the future that Bush has us avoiding today! |
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Sabien (430 posts) Send PM | Profile | Ignore | Mon Jul-31-06 09:20 PM Response to Reply #16 |
18. you hit it on the head |
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raccoon (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 08:10 AM Response to Reply #18 |
42. "keep a job just for the health insurance"--that's if you're lucky |
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newscott (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 09:11 PM Response to Original message |
17. So who's planning on retiring? Not me. |
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RebelOne (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 07:15 AM Response to Reply #17 |
37. I'd like to, but can't afford to. |
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mike923 (325 posts) Send PM | Profile | Ignore | Wed Aug-02-06 10:12 AM Response to Reply #17 |
93. At 59, i'm out the door.... |
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llmart (1000+ posts) Send PM | Profile | Ignore | Wed Aug-02-06 12:56 PM Response to Reply #93 |
97. We get a new car every 15 years............ |
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mike923 (325 posts) Send PM | Profile | Ignore | Wed Aug-02-06 01:45 PM Response to Reply #97 |
98. cable tv, new clothes, air conditioning, ect.... |
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chiffon (527 posts) Send PM | Profile | Ignore | Mon Jul-31-06 09:37 PM Response to Original message |
19. I guess I am screwed. |
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NEOhiodemocrat (624 posts) Send PM | Profile | Ignore | Mon Jul-31-06 10:04 PM Response to Original message |
20. I really did not need to see this today |
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Warren Stupidity (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 10:58 PM Response to Original message |
21. Those numbers are very low. |
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yorkiemommie1 (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 11:12 PM Response to Reply #21 |
22. seems low to me too |
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raccoon (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 08:12 AM Response to Reply #21 |
43. I took it that's what they meant-- |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:47 PM Response to Reply #21 |
72. they just mean the health care expenses EOM |
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htuttle (1000+ posts) Send PM | Profile | Ignore | Mon Jul-31-06 11:55 PM Response to Original message |
25. I plan on "Going in Style" |
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rocktivity (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 12:32 AM Response to Original message |
26. . |
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AlphaCentauri (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 12:37 AM Response to Original message |
27. A real state bubble burst would help low the inflation? n/t |
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aaronbees (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 03:15 AM Response to Original message |
28. Pricing our future right out of existence... |
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MagickMuffin (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 03:27 AM Response to Original message |
29. Using my Crystal Ball, |
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The Anti-Neo Con (402 posts) Send PM | Profile | Ignore | Tue Aug-01-06 06:20 AM Response to Reply #29 |
33. For real. |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:48 PM Response to Reply #33 |
73. dental and medical care in prison? |
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tbyg52 (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:53 AM Response to Reply #29 |
48. Am I remembering something out of a book... |
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Pugee (295 posts) Send PM | Profile | Ignore | Tue Aug-01-06 07:28 PM Response to Reply #29 |
76. Future? The future is here. |
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itzamirakul (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:06 AM Response to Original message |
30. $300,000 will last about two years with today's prices...nt |
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Eurobabe (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:48 AM Response to Original message |
31. OK, I'll get right on it! |
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mtnester (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 06:25 AM Response to Original message |
34. Ahh HAH hah hah hee hoo ha ha |
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Dissenting_Prole (519 posts) Send PM | Profile | Ignore | Tue Aug-01-06 07:57 AM Response to Original message |
38. $300,000, or $40,000 in silver bullion n/t |
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newblewtoo (332 posts) Send PM | Profile | Ignore | Tue Aug-01-06 10:55 AM Response to Reply #38 |
55. bullion? |
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Dissenting_Prole (519 posts) Send PM | Profile | Ignore | Wed Aug-02-06 09:42 AM Response to Reply #55 |
88. $40,000 worth of silver is just over 200 lbs. |
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sidpleasant (376 posts) Send PM | Profile | Ignore | Tue Aug-01-06 07:59 AM Response to Original message |
40. Work until you die - the GOP ideal |
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tbyg52 (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:54 AM Response to Reply #40 |
49. Oh yeah! |
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tbyg52 (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:20 AM Response to Original message |
45. So that's all I need to do! |
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IronLionZion (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:26 AM Response to Original message |
46. I hope my life runs out before my money does! EOM |
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Megahurtz (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:17 PM Response to Reply #46 |
68. That's EXACTLY what all the NEOCONS want. n/t |
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Blue_Tires (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 10:11 AM Response to Original message |
51. oh, well...let me take a trip to the cash store and stock up! |
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MilesColtrane (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 01:25 PM Response to Original message |
56. My advice? |
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cosmicdot (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 02:19 PM Response to Original message |
57. link to Employee Benefit Research Institute |
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conflictgirl (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 02:49 PM Response to Original message |
60. At age 32, I haven't even made HALF that much money yet |
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lovuian (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 02:51 PM Response to Original message |
61. I predict that we will have Universal Health care by then or |
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Mr. Mojo Risin (107 posts) Send PM | Profile | Ignore | Tue Aug-01-06 03:01 PM Response to Original message |
62. No problem, only $299,950 to go. |
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DiverDave (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 03:53 PM Response to Original message |
63. 300K for the U.S., MUCH less in Costa Rica |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:50 PM Response to Reply #63 |
74. costa rica don't accept you w. a minimum of resources NOW |
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DiverDave (1000+ posts) Send PM | Profile | Ignore | Wed Aug-02-06 06:47 AM Response to Reply #74 |
86. From the Costa Rica website: |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 01:05 PM Response to Reply #86 |
108. ok if they're still honoring that, cool |
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high density (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 04:51 PM Response to Original message |
65. $300k?? |
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xxqqqzme (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 05:31 PM Response to Original message |
69. and that's TODAY! |
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nick303 (379 posts) Send PM | Profile | Ignore | Tue Aug-01-06 06:02 PM Response to Original message |
75. What this means |
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MysteryToMyself (302 posts) Send PM | Profile | Ignore | Tue Aug-01-06 08:24 PM Response to Original message |
77. 8% ? |
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WhiteTara (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 08:30 PM Response to Original message |
78. stay healthy comrades and |
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illumn8d (693 posts) Send PM | Profile | Ignore | Tue Aug-01-06 08:37 PM Response to Original message |
80. That seems low to me for any urban area |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:37 PM Response to Reply #80 |
84. Another reason to retire to Iowa |
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laylah (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 08:38 PM Response to Original message |
81. Well then |
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Critters2 (1000+ posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:35 PM Response to Original message |
83. Is this over and above pension? |
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tom22 (240 posts) Send PM | Profile | Ignore | Tue Aug-01-06 09:55 PM Response to Reply #83 |
85. actually you probably need a lot more. The key is to save |
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mike923 (325 posts) Send PM | Profile | Ignore | Wed Aug-02-06 10:05 AM Response to Reply #83 |
91. A $100 a month or so into a mutual fund, for 20 years should get you there |
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pitohui (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 01:22 PM Response to Reply #91 |
109. i see you've never actually done this |
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mike923 (325 posts) Send PM | Profile | Ignore | Fri Aug-04-06 08:36 AM Response to Reply #109 |
113. The market has averaged 8% growth since the 30s.... |
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Massachusetts (1000+ posts) Send PM | Profile | Ignore | Wed Aug-02-06 09:47 AM Response to Original message |
89. No Need |
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Iniquitous Bunny (1000+ posts) Send PM | Profile | Ignore | Wed Aug-02-06 10:28 AM Response to Reply #89 |
94. Good in theory. |
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Arugula Latte (1000+ posts) Send PM | Profile | Ignore | Wed Aug-02-06 10:07 AM Response to Original message |
92. Good thing The Republicans want to slash minimum wages! |
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lonestarnot (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 08:08 AM Response to Original message |
100. 3 cents won't cut it egh? |
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Occulus (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 10:53 AM Response to Original message |
101. I can't even get $3000 in the bank. |
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mike923 (325 posts) Send PM | Profile | Ignore | Thu Aug-03-06 11:32 AM Response to Reply #101 |
102. Does your company offer any type of 401k match? |
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leftofthedial (1000+ posts) Send PM | Profile | Ignore | Thu Aug-03-06 12:00 PM Response to Original message |
103. I think I'm gonna kill myself |
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belab13 (333 posts) Send PM | Profile | Ignore | Thu Aug-03-06 02:28 PM Response to Original message |
111. the fractional reserve banking system out to hold up nicely |
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Omaha Steve (1000+ posts) Send PM | Profile | Ignore | Sat Aug-05-06 01:50 PM Response to Original message |
117. UPDATE Get ready for the Medicare crunch Reuters |
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DU AdBot (1000+ posts) | Sun May 05th 2024, 09:06 PM Response to Original message |
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