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Paper Roses

(7,634 posts)

8. Sure, retirement is fun. Vounltary or otherwise. Nuts! 4 Million?

Reply to HughBeaumont (Original post)

Sun Feb 5, 2012, 04:40 PM

Feb 2012

Just put me in a cardboard box and turn on the roaster.
For those of us who live on SS and not much of anything else, stories like this make us laugh.

Maybe the next generation will be able to save tons of $$ for retirement but for those of us still around, it is laughable.
Never happen, not possible.

Maybe my kids or grandchildren will win the lottery or something. I fear for all of us 99%ers. Are we doomed to poverty?
BTW: If I made 50 to 70 thousand a year now, I'd feel I was on easy street.

Cutting back to an income in the 'teens has been a painful reality.
Don't get old folks, it stinks!

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Highlight:

Money Magazine: "Retirement Savings: Will $4 Million be Enough??" [View all] HughBeaumont Feb 2012 OP

One of the up sides of global warming.. Fumesucker Feb 2012 #1

I won't need all $4 million to pay for my cardboard box LiberalEsto Feb 2012 #2

Seriously. Those "financial experts" are vapid. Matariki Feb 2012 #3

I'm planning on 3 million... JSnuffy Feb 2012 #4

The only appropriate response is "well bully for you" Matariki Feb 2012 #18

Why golly.. thanks... JSnuffy Feb 2012 #19

I don't think you are a "fat cat" burning $100 bills. Matariki Feb 2012 #20

no you miss the point backwoodsbob Feb 2012 #21

Sorry to break the news to you Matariki Feb 2012 #22

Ok.... JSnuffy Feb 2012 #24

I don't think you have time ... GeorgeGist Feb 2012 #23

Damn...I'm just the teensiest bit short of that... abq e streeter Feb 2012 #5

sorry, i only read your headline.. but ldf Feb 2012 #6

I wonder what "No Money" magazine thinks... MineralMan Feb 2012 #7

Sure, retirement is fun. Vounltary or otherwise. Nuts! 4 Million? Paper Roses Feb 2012 #8

Crap! Time to max out those Wall St investments raouldukelives Feb 2012 #9

I finally got some numbers to work hfojvt Feb 2012 #10

The one that gave me the biggest laugh Warpy Feb 2012 #11

the point is that even those at the top end of the 99% worry about the same thing unblock Feb 2012 #12

How many of us will have that? Or even need that much? LiberalFighter Feb 2012 #13

How? Simple, save $50k a year for 40 years - that's $2 million. Fool Count Feb 2012 #14

Heh, and that's SAVING 50k a year; which, improbably, means the person has to MAKE 200k plus. HughBeaumont Feb 2012 #16

$5 million is the point where you (probably) don't have to worry about money ever again taught_me_patience Feb 2012 #15

We're just a little short Worried senior Feb 2012 #17