POLL: How much money do you have saved up for your retirement?

DrPizza

Administrator Elite Member Goat Whisperer
Mar 5, 2001
49,601
167
111
www.slatebrookfarm.com
money? I'm supposed to save money? I've been buying stuff with it. Fortunately, that stuff will give me an income after I retire.

With social security (just received a statement of an estimated amount my wife and I will receive), plus my pension and my wife's retirement account, we'll do fine... on top of that, real estate (rent money) will provide a steady income, as well as other things we've undertaken.
 

Descartes

Lifer
Oct 10, 1999
13,968
2
0
Originally posted by: Tick
Exactly $0. Course, I'm 18, so it's not really an issue.

That's what most people think, but it's entirely untrue. Most people will make an average income throughout their lives, so unless you plan on making an exceptional income you need to use the only advantage you'll ever have: Time.

Start saving now no matter what the amount.
 

mugs

Lifer
Apr 29, 2003
48,920
46
91
Originally posted by: Descartes
Originally posted by: Tick
Exactly $0. Course, I'm 18, so it's not really an issue.

That's what most people think, but it's entirely untrue. Most people will make an average income throughout their lives, so unless you plan on making an exceptional income you need to use the only advantage you'll ever have: Time.

Start saving now no matter what the amount.

If he's going to college, I think it's safe to wait until he's out of college and actually making reasonable money. If not going to college, start saving now.
 

Descartes

Lifer
Oct 10, 1999
13,968
2
0
Originally posted by: mugs
Originally posted by: Descartes
Originally posted by: Tick
Exactly $0. Course, I'm 18, so it's not really an issue.

That's what most people think, but it's entirely untrue. Most people will make an average income throughout their lives, so unless you plan on making an exceptional income you need to use the only advantage you'll ever have: Time.

Start saving now no matter what the amount.

If he's going to college, I think it's safe to wait until he's out of college and actually making reasonable money. If not going to college, start saving now.

I personally don't think it matters, and if one has the means one should start saving whenever possible; if anything it establishes discipline. I understand most people in college have little opportunity to save of course, so in that respect I agree with you.

So many people get a late start in their careers, and it's only in their 30s that they're reasonably successful. In most cases, for most people, that's simply far too late to start saving.
 

imported_Tick

Diamond Member
Feb 17, 2005
4,682
1
0
Originally posted by: Descartes
Originally posted by: mugs
Originally posted by: Descartes
Originally posted by: Tick
Exactly $0. Course, I'm 18, so it's not really an issue.

That's what most people think, but it's entirely untrue. Most people will make an average income throughout their lives, so unless you plan on making an exceptional income you need to use the only advantage you'll ever have: Time.

Start saving now no matter what the amount.

If he's going to college, I think it's safe to wait until he's out of college and actually making reasonable money. If not going to college, start saving now.

I personally don't think it matters, and if one has the means one should start saving whenever possible; if anything it establishes discipline. I understand most people in college have little opportunity to save of course, so in that respect I agree with you.

So many people get a late start in their careers, and it's only in their 30s that they're reasonably successful. In most cases, for most people, that's simply far too late to start saving.

I fully intend to start saving when I have a real career. But as it stands, what I make basically goes to paying for those things I need to pay for, and the usual college entertainment things. I do have 100 shares of Intel, but I do not plan on holding on to that forever, it's in the nature of a relatively short term investment.
 

SampSon

Diamond Member
Jan 3, 2006
7,160
1
0
Originally posted by: Tick
Originally posted by: SampSon
None of your business.

IF IT'S NONE OF OUR BUISNESS WHY DID YOU FVCKING POST!!!!

STAB-STAB-STAB-NEVER-STOP-STABBING!!!!!!!
Shush it kiddo.

Adding up what I have in assets and investments would be a bitch.
 

Descartes

Lifer
Oct 10, 1999
13,968
2
0
Originally posted by: SampSon
Originally posted by: Tick
Originally posted by: SampSon
None of your business.

IF IT'S NONE OF OUR BUISNESS WHY DID YOU FVCKING POST!!!!

STAB-STAB-STAB-NEVER-STOP-STABBING!!!!!!!
Shush it kiddo.

Adding up what I have in assets and investments would be a bitch.

If that's true then you likely have some pretty serious money management problems. It takes me only a second to find out my net worth and I have no less than a dozen or so different accounts.