HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » If GameStop changed their... » Reply #22

Response to hfojvt (Reply #20)

Sun May 26, 2013, 07:02 PM

22. THOSE are the people who piss me off

 

There is a whole segment of our population that is truly living on the edge, if they have not already fallen over the edge.

However, there is also a large segment of the population that could easily save for retirement, but don't and will be on the edge when they are 60. I work in a tax department at a large company and make good money (low six figures). I drive an old car with no hubcaps and live in a 50 year old house. I got my first cell phone a little over a year ago (I am 36). We finally decided to get digital cable a few years ago. We bought our first television 5 years ago (all we had were hand me down tube televisions).

However, during those years, my wife and I managed to stock pile about $400,000 (including investments, gains and company matches into retirement accounts). We did this by dollar cost averaging into the market. At first, it was just $100 a month, but as we got raises, we increased it. Now, we are putting over $25,000 a year into retirement accounts and education accounts for our kids. When I got out of college, I set my 401(k) at 15% and my wife set hers at 20%, because we were already use to living off of nothing.

I look at my coworkers who could be in the same boat. Instead, many (I would guess well over half) are just a few paychecks from being broke. Sure, they have nice toys, a nice house, expensive cars and take great vacations. I will admit it does frustrate me to know these people will wake up tomorrow, be 60 and tell me I need to fund their retirement.

I don't know what the answer is, but we definately cannot turn seniors away to live on the street.

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 29 replies Author Time Post
Atman May 2013 OP
Tien1985 May 2013 #1
Atman May 2013 #16
Atman May 2013 #17
Tien1985 May 2013 #25
Arcanetrance May 2013 #2
joeglow3 May 2013 #6
Arcanetrance May 2013 #8
joeglow3 May 2013 #9
Arcanetrance May 2013 #11
Atman May 2013 #21
Arcanetrance May 2013 #23
hfojvt May 2013 #12
Arcanetrance May 2013 #14
hfojvt May 2013 #20
LineLineLineLineLineLineNew Reply THOSE are the people who piss me off
joeglow3 May 2013 #22
Arcanetrance May 2013 #24
janlyn May 2013 #27
hfojvt May 2013 #28
grilled onions May 2013 #3
Atman May 2013 #19
lame54 May 2013 #4
ScreamingMeemie May 2013 #5
Ohio Joe May 2013 #7
Atman May 2013 #18
Warren DeMontague May 2013 #10
LoveIsNow May 2013 #13
Initech May 2013 #15
WinkyDink May 2013 #26
MerryBlooms May 2013 #29
Please login to view edit histories.