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US workers estimate they need $1.8M to retire: survey
The Hill ^
| 08/02/2023
| MIRANDA NAZZARO -
Posted on 08/02/2023 11:43:36 AM PDT by ChicagoConservative27
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Diaper Joe will leave us with nothing soon so
To: ChicagoConservative27
So... No retirement.
That is going to leave a mark
2
posted on
08/02/2023 11:46:12 AM PDT
by
redgolum
(We are not going to make it, are we. )
To: ChicagoConservative27
($1.8 million)
Excellent.
I’m only short about $1.799,999.60 million right now.
At least I’ve got a target 🎯 now!
No, not THAT place!
3
posted on
08/02/2023 11:46:49 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: ChicagoConservative27
Diaper Joe will leave us with nothing soon so The same folks who have been cheerleading dopey Joe on, and by extension WEF, will not happy when they find out that nothing really means nothing.
4
posted on
08/02/2023 11:48:00 AM PDT
by
Sirius Lee
(They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
To: SaveFerris
5
posted on
08/02/2023 11:49:27 AM PDT
by
EEGator
To: redgolum
I retired a few years ago, and one of the pleasant surprises is that my expenses are well below my projections.
If you pay off your mortgage and vehicles your monthly expenses to go down in a hurry...
6
posted on
08/02/2023 11:52:53 AM PDT
by
cgbg
(Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
To: cgbg
"If you pay off your mortgage and vehicles your monthly expenses to go down in a hurry..."
It's amazing how many people don't know that.
Also, don't retire in a tax-heavy state (like Connecticut, New Jersey, or just about any Blue State, for that matter).
7
posted on
08/02/2023 11:55:31 AM PDT
by
Psalm 73
("You'll never hear surf music again" - J. Hendrix)
To: ChicagoConservative27
Only 99 4% left to go and 2 years to do it!
8
posted on
08/02/2023 11:55:51 AM PDT
by
CletusVanDamme
(The breaking point will be reached soon. )
9
posted on
08/02/2023 11:55:51 AM PDT
by
Gene Eric
(Don't be a statist!)
To: ChicagoConservative27
I guess i will retire when they bury me.
10
posted on
08/02/2023 11:56:25 AM PDT
by
Reno89519
(DeSantis 2024. Successful Governor, Honorable Veteran, Respectful, Respected.)
To: CletusVanDamme
I recommend working until death, and leave the $10k to help clean up your belongings.
That’s my plan... lol
11
posted on
08/02/2023 11:58:25 AM PDT
by
Gene Eric
(Don't be a statist!)
To: EEGator
Nice!
I just need 20 million more people to sign up!
12
posted on
08/02/2023 11:58:26 AM PDT
by
SaveFerris
(Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
To: ChicagoConservative27
Workers in the United States believe they will need to save around $1.8 million for retirement Or, work for the government and get a defined benefit pension plan that pays the equivalent of a 4 million dollar 401k. Yes, that's the fuzzy math that puts these pension plans in deep doo doo. But not to worry, the states will have taxpayers make them solvent.
13
posted on
08/02/2023 11:58:38 AM PDT
by
1Old Pro
To: SaveFerris
14
posted on
08/02/2023 11:59:51 AM PDT
by
EEGator
To: ChicagoConservative27
” according to a survey from Charles Schwab.”
Sure.
Just hand over the accounts and they will take care of everything.
.
15
posted on
08/02/2023 12:02:16 PM PDT
by
TLI
(ITINERIS IMPENDEO VALHALLA)
To: TLI
I say good. Now go out and get it.
16
posted on
08/02/2023 12:08:38 PM PDT
by
DIRTYSECRET
(e allowed )
To: ChicagoConservative27
My retirement plan is to keep playing the lottery. But the government will probably steal that too.
17
posted on
08/02/2023 12:11:53 PM PDT
by
subterfuge
(I'm a pure-blood!)
To: Psalm 73
I live in CT—I was getting ready to bail at retirement when the state legislature got rid of the state income tax on social security.
I redid my Excel spreadsheet and the numbers convinced me to stay.
The details matter.
I would encourage anyone considering retirement to do the Excel spreadsheet with detailed before and after income and expenses including a column for a new location if that is under consideration.
18
posted on
08/02/2023 12:13:28 PM PDT
by
cgbg
(Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
To: cgbg
I retired a few years ago, and one of the pleasant surprises is that my expenses are well below my projections.
If you pay off your mortgage and vehicles your monthly expenses to go down in a hurry... That was our plan. I calculated my post-retirement income and expenses in advance of retiring. Both of us retired in our mid-50's. Home mortgage got paid off ahead of schedule by paying extra into the principal, all loans paid off, and cash in the bank. Many work-related expenses such as commuting and clothing disappeared.
19
posted on
08/02/2023 12:15:15 PM PDT
by
roadcat
To: ChicagoConservative27
20
posted on
08/02/2023 12:18:22 PM PDT
by
gitmo
(If your theology doesn’t become your biography, what good is it?)
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