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Thread: Bad news about American retirement

  1. #1
    Taking A Stand!!!

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    Default Bad news about American retirement

    It's called, living off retirement while unemployed or taking such huge pay cuts you have no choice but to cut into savings, or companies taking away pensions!

    How much do you have put away for retirement?

    A million dollars? Five hundred thousand? Five hundred dollars?

    If you're like a third of Americans, the final answer is closer to the truth.

    About 36 percent of workers have less than a thousand dollars in savings and investments that could be used for retirement, not counting their home or defined benefit plans such as traditional pensions (increasingly rare).

    More than half, 60 percent, have less than $25,000, according to a telephone survey of 1,000 workers and 501 retirees, conducted by the non-profit Employee Benefit Research Institute and Greenwald and Associates.

    Worse, only 44 percent say they or their spouses have even tried to calculate how much money they'll need to save by the time they retire so that they can retire with dignity.
    McCook Daily Gazette: Column: : Bad news about American retirement

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    Jesus Christ is Lord

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    Default Re: Bad news about American retirement

    Just create a few laws
    forced saving, 13% in saving with No access to use or borrow.

  3. #3
    Scab Hating Union Thug

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    Default Re: Bad news about American retirement

    Quote Originally Posted by strapdrager View Post
    Just create a few laws
    forced saving, 13% in saving with No access to use or borrow.
    Wouldn't that drive a stake directly through your heart? More laws, more government.
    ABFwife likes this.

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    I Am Rocking Now

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    Default Re: Bad news about American retirement

    Quote Originally Posted by strapdrager View Post
    Just create a few laws
    forced saving, 13% in saving with No access to use or borrow.
    Isn't that what Social Security Is?? Oh that's right!! Some here call it an entitlement..
    fxstc07 likes this.

  5. #5
    Retired !

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    Default Re: Bad news about American retirement

    Quote Originally Posted by strapdrager View Post
    Just create a few laws
    forced saving, 13% in saving with No access to use or borrow.
    Could you explain the "forced savings" a little ?
    Then again, anyone can contribute to an IRA with little access.
    Unless you want to pay large penalties and taxes.

  6. #6
    I Am Rocking Now

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    Default Re: Bad news about American retirement

    Quote Originally Posted by strapdrager View Post
    Just create a few laws
    forced saving, 13% in saving with No access to use or borrow.
    Let's see, you want forced savings, but have a problem with forced health insurance, how's this maybe your employer should donate 13% of your gross into a pension plan?
    ABFwife likes this.

 

 

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