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how much % of your income do you save for retirement?

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how much % of income do you save for retirment?

  • %0

  • %1 to %10

  • %11 to %20

  • %21 to %30

  • %31 to %40

  • %41 to %50

  • %51 to %60

  • %61 or %70

  • %71 or up

Results are only viewable after voting.
JS80 said:
Is the AU superannuation a ponzi like US social security or a real savings account like 401k?
Click to expand...

I'm no expert on 401k, but ours is like that. It doesn't go into one pot like SS. It's your money. What you put in you get out, but it's tax free and other crap like 401k.
 
FoBoT said:
spend it while you can, the coming economic collapse with make your US dollars worthless
Click to expand...

Not saving for your future because of what might happen is pretty dumb. I'd put it on almost the same level as the goofballs who spent all they had on the most recent end of the world scam.
 
TinFoil_DB52B2F1-0E7F-A983-F0F9D799A20B06C8.jpg
 
Currently contributing 0% while my wife attends college full time.

Once she's done and has a job as an RN, we'll be contributing the max amount.
 
TridenT said:
0% right now.

Closer to 80% when I get out of college.
Click to expand...

If you think you're saving 80% of your income when you get out of college you're confused about one of three things...
1. How much it really costs to live on your own, completely supporting yourself
2. How much people will pay you, with your work ethic probably not very much
3. Your ability to continue to live in a crap hole of an apartment eating froot loops when you know you could afford to actually have a more comfortable life


FoBoT said:
spend it while you can, the coming economic collapse with make your US dollars worthless
Click to expand...

Yeah, because predicting widespread financial collapse is a brand new thing that has never failed to meet its predictions...
 
In the corporate world I saved 15%. Now that I'm civil service and have a pension I only save 5% additional.
 
Bignate603 said:
If you think you're saving 80% of your income when you get out of college you're confused about one of three things...
1. How much it really costs to live on your own, completely supporting yourself
2. How much people will pay you, with your work ethic probably not very much
3. Your ability to continue to live in a crap hole of an apartment eating froot loops when you know you could afford to actually have a more comfortable life
Click to expand...

No you idiot he's not confused. He plans to rely on his parents for food and shelter, reducing his expenses to pretty much 0.
 
TridenT said:
0% right now.

Closer to 80% when I get out of college.
Click to expand...

Ah, to be young, clueless, and have zero idea of how the real world works!

You think you're going to make $60K out of school if I remember correctly. Let's say your fairy tale comes true. So, knock 20% off of that for taxes. That leaves you $48K. 80% of that is roughly $38K. So, you're going to live on $10K a year? You're going to pay rent, food, gas, insurance, maybe a car payment, and entertainment out of that, not to mention clothing, etc?

Or, are you planning on living with mom and dad and saving that 80%?
 
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