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Old 01-03-2015, 08:41 PM
 
Location: Newport Beach, California
39,239 posts, read 27,629,646 times
Reputation: 16074

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I've been reading this article online and it certainly sounds quite depressing.

"A new survey from Wells Fargo reinforces just how anxious middle-class Americans are over how much financial security they will have once they retire, if they can ever afford to.

Wells Fargo found that “22 percent of the middle class say they would rather ‘die early’ than not have enough money to live comfortably in retirement.”

This is the depressing state of retirement in America: survey questions that pose an early death as a viable alternative to comfortable retirement."

22 Percent Of Americans Would Rather Die Than Retire Without Enough Money

This one particular friend I have is certainly not lazy. He is making a little above average. For people like him who obviously live paycheck to paycheck, exactly how can he possibly save enough for retirement?

Thoughts?
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Old 01-03-2015, 09:17 PM
 
Location: Spokane, WA
1,989 posts, read 2,537,471 times
Reputation: 2363
100% of Americans are going to die.
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Old 01-03-2015, 09:30 PM
 
20,349 posts, read 19,941,445 times
Reputation: 13466
That means 78% have a smarter outlook on life.
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Old 01-03-2015, 09:35 PM
 
20,524 posts, read 15,914,290 times
Reputation: 5948
Def something to consider. Tho even 1,000 a month is doable IF living in a cheap area with food stamps and a roommate.

For most of us; it ain't "need", it's "want" for the toys.
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Old 01-03-2015, 09:37 PM
 
Location: Newport Beach, California
39,239 posts, read 27,629,646 times
Reputation: 16074
Quote:
Originally Posted by doc1 View Post
That means 78% have a smarter outlook on life.
hehe
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Old 01-03-2015, 10:36 PM
 
56,988 posts, read 35,227,522 times
Reputation: 18824
Quote:
Originally Posted by Packard fan View Post
Def something to consider. Tho even 1,000 a month is doable IF living in a cheap area with food stamps and a roommate.

For most of us; it ain't "need", it's "want" for the toys.
Spot on. I agree wholeheartedly.

One doesn't need a million bucks just to retire. That rhetoric is starting to get old. Just make sure you've paid off all of your big bills, and you can make it on a modest income.

Wanting to die because you're not loaded is pathetic.
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Old 01-03-2015, 10:51 PM
 
Location: Long Island
32,816 posts, read 19,500,230 times
Reputation: 9618
Quote:
Originally Posted by lilyflower3191981 View Post
I've been reading this article online and it certainly sounds quite depressing.

"A new survey from Wells Fargo reinforces just how anxious middle-class Americans are over how much financial security they will have once they retire, if they can ever afford to.

Wells Fargo found that “22 percent of the middle class say they would rather ‘die early’ than not have enough money to live comfortably in retirement.”

This is the depressing state of retirement in America: survey questions that pose an early death as a viable alternative to comfortable retirement."

22 Percent Of Americans Would Rather Die Than Retire Without Enough Money

This one particular friend I have is certainly not lazy. He is making a little above average. For people like him who obviously live paycheck to paycheck, exactly how can he possibly save enough for retirement?

Thoughts?
considering the fascist liberal motto of :""tax the rich"", with rich being a very vague definition


Quote:
Assuming 4.5% inflation, a 20-year-old starting to save for retirement today will need a $9.97 million portfolio value at age 65 to have a lifestyle of $60,000 in today’s dollars.

Is A $3 Million IRA Sufficient For Retirement? - Forbes
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Old 01-03-2015, 10:52 PM
 
Location: Lost in Texas
9,827 posts, read 6,940,850 times
Reputation: 3416
My retirement plan is to shack up with one of you guys wife, collect your survivor benefit on SS and mine and then live comfortably on all the money YOU saved... Thanks buddy!!
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Old 01-03-2015, 10:58 PM
 
Location: North Texas
24,561 posts, read 40,304,124 times
Reputation: 28564
Quote:
Originally Posted by lilyflower3191981 View Post
I've been reading this article online and it certainly sounds quite depressing.

"A new survey from Wells Fargo reinforces just how anxious middle-class Americans are over how much financial security they will have once they retire, if they can ever afford to.

Wells Fargo found that “22 percent of the middle class say they would rather ‘die early’ than not have enough money to live comfortably in retirement.”

This is the depressing state of retirement in America: survey questions that pose an early death as a viable alternative to comfortable retirement."

22 Percent Of Americans Would Rather Die Than Retire Without Enough Money

This one particular friend I have is certainly not lazy. He is making a little above average. For people like him who obviously live paycheck to paycheck, exactly how can he possibly save enough for retirement?

Thoughts?
I've been saying it for years. Once I retire, I'm refusing all medical treatment except palliative care. I have no children and no desire to live into my 80s or 90s. Quality, not quantity.
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Old 01-03-2015, 11:06 PM
 
32,080 posts, read 15,081,434 times
Reputation: 13698
Quote:
Originally Posted by lilyflower3191981 View Post
I've been reading this article online and it certainly sounds quite depressing.

"A new survey from Wells Fargo reinforces just how anxious middle-class Americans are over how much financial security they will have once they retire, if they can ever afford to.

Wells Fargo found that “22 percent of the middle class say they would rather ‘die early’ than not have enough money to live comfortably in retirement.”

This is the depressing state of retirement in America: survey questions that pose an early death as a viable alternative to comfortable retirement."

22 Percent Of Americans Would Rather Die Than Retire Without Enough Money

This one particular friend I have is certainly not lazy. He is making a little above average. For people like him who obviously live paycheck to paycheck, exactly how can he possibly save enough for retirement?

Thoughts?
If you don't have enough money to retire then what becomes of you.
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