sleeper
Posts: 27,879
May 10, 2012 1:41pm
http://money.cnn.com/2012/05/10/retirement/saving-retire/index.htm?hpt=hp_t2
Is there anyone who still thinks the US won't completely implode on itself?
[LEFT]About 49% of Americans say they aren't contributing to any retirement plan, according to a new survey conducted by LIMRA, a trade association for the financial services industry.[/LEFT]
Is there anyone who still thinks the US won't completely implode on itself?
FatHobbit
Posts: 8,651
May 10, 2012 1:44pm
Why should we save when we're going to have social security?
goosebumps
Posts: 1,058
May 10, 2012 1:45pm
Then they shouldn't expect me to take care of them when they can't work anymore. How ignorant are people?
sleeper
Posts: 27,879
May 10, 2012 1:46pm
If you are under 50, you won't have social security. These people are going to have no money to live on after they retire. They will take more money from the responsible people that actually saved by raising taxes.FatHobbit;1166965 wrote:Why should we save when we're going to have social security?
It's seriously a joke.
justincredible
Posts: 32,056
May 10, 2012 1:48pm
Yeah, I really have no hope for our future as a country.
ernest_t_bass
Posts: 24,984
May 10, 2012 1:49pm
I have a built in retirement system in my job. My wife has zero, and we pay for zero.
Heretic
Posts: 18,820
May 10, 2012 1:50pm
Meh, why save... The speedballs will get me before retirement does.
Belly35
Posts: 9,716
May 10, 2012 1:55pm
or Get married to a gay and collect the entitlements of the futureHeretic;1166981 wrote:Meh, why save... The speedballs will get me before retirement does.
FatHobbit
Posts: 8,651
May 10, 2012 1:58pm
There are gay entitlements? You know this how? :rolleyes:Belly35;1166989 wrote:or Get married to a gay and collect the entitlements of the future
gerb131
Posts: 9,932
May 10, 2012 2:04pm
I'm going to win the lottery.
ZWICK 4 PREZ
Posts: 7,733
May 10, 2012 2:08pm
That's insane. We have 2 401k's, 2 IRA's and a savings account and we're 90% sure that won't be enough to retire when we'd like to. I'm not sure how you can sleep at night when you don't have anything. Who the fuck want's to work forever?
sleeper
Posts: 27,879
May 10, 2012 2:10pm
Doesn't matter. The government will take it. There's no point in saving anyway. By saving and sacrificing in the short term to only get to the long term and have your wealth confiscated by those who never sacrificed, you would be a moron.gerb131;1167010 wrote:I'm going to win the lottery.
I've dropped my personal savings rate to the lowest ever(about 35%) and probably will drop that even lower as time goes on.
J
jmog
Posts: 6,567
May 10, 2012 2:21pm
1. If you believe SS is enough to live on...lol.FatHobbit;1166965 wrote:Why should we save when we're going to have social security?
2. If you believe SS will be around forever...lol.
3. If you are being sarcastic...kudos.
If you aren't saving 10-20% of your income for retirement then your kids better be ready to take care of you when you can't work...or get used to greeting people at Walmart.
FatHobbit
Posts: 8,651
May 10, 2012 2:24pm
This. It's a giant ponzi scheme.jmog;1167042 wrote: 3. If you are being sarcastic...kudos.
like_that
Posts: 26,625
May 10, 2012 2:26pm
Gay marriage is a more important issue though /sarcasm.
justincredible
Posts: 32,056
May 10, 2012 2:52pm
Definitely not a more important issue. It is, however, a lot easier to "fix".like_that;1167054 wrote:Gay marriage is a more important issue though /sarcasm.
FatHobbit
Posts: 8,651
May 10, 2012 3:03pm
I don't think you can fix gay.justincredible;1167073 wrote:Definitely not a more important issue. It is, however, a lot easier to "fix".
Heretic
Posts: 18,820
May 10, 2012 3:20pm
Sure you can! Just tell them to stop being gay and to start being straight. Works every time!FatHobbit;1167080 wrote:I don't think you can fix gay.
justincredible
Posts: 32,056
May 10, 2012 3:22pm
Oh, HA HA.FatHobbit;1167080 wrote:I don't think you can fix gay.
G
gut
Posts: 15,058
May 10, 2012 3:23pm
49% is an interesting number. Makes me think of a similar number I've heard. Makes me think if I don't like paying taxes then the answer is not to save any money.
like_that
Posts: 26,625
May 10, 2012 3:28pm
Indeed it is.justincredible;1167073 wrote:Definitely not a more important issue. It is, however, a lot easier to "fix".
J
jmog
Posts: 6,567
May 10, 2012 3:29pm
Good correlation!gut;1167100 wrote:49% is an interesting number. Makes me think of a similar number I've heard. Makes me think if I don't like paying taxes then the answer is not to save any money.
However, you know the libs will spin it that "well the rich have the ability to save and the poor can't afford it!"
I don't buy it by the way, I have steadily put away a minimum of 10% my whole working career, even when I was 17 at my first job. My parents instilled in me a financial standard of 10% to savings, 10% to church/charity, 25% the government takes, and you live on the other 55%.
Even when I was below the poverty level in college I saved around 10% in an IRA.
M
MontyBrunswick
May 10, 2012 3:30pm
I am saving for retirement, but I don't anticipate being alive that long.
justincredible
Posts: 32,056
May 10, 2012 3:50pm
Can we gay marry so I can be your beneficiary?dlazz;1167114 wrote:I am saving for retirement, but I don't anticipate being alive that long.
M
MontyBrunswick
May 10, 2012 4:02pm
Absolutely. I have a life instance policy through my employer too, you can cash in on that as well.