Do you have more in credit debt than retirement?

[Over70irregs]

37% of Americans owe more on credit cards than they have in their retirements savings, Ramsey survey says​

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[Babagounj]

Stupid sheeple

 

[Over70irregs]

Stupid sheeple

Had no idea. Trouble (America has become the "land of the free and home of the broke.")

 

[IVE GOTTA PACKAGE 4U]

Had no idea. Trouble (America has become the "land of the free and home of the broke.")

I owe 80 bucks on my credit card hopefully I have a little more than that in my retirement funds

 

[oldngray]

I owe 80 bucks on my credit card hopefully I have a little more than that in my retirement funds

You should be debt free when you retire

 

[IVE GOTTA PACKAGE 4U]

You should be debt free when you retire

Many people doing our grasp that concept

No pay raises are overtime in your pension check

 

[Babagounj]

First off, my 401K is huge.
I'll never live long enough to spend it all.
I pay off my credit cards in full every month.
So I'll never be in such a situation as this fluff piece story suggests.

 

[Over70irregs]

I owe 80 bucks on my credit card hopefully I have a little more than that in my retirement funds

I think this for us is bigger than the election. This is a personal issue ignored and covered up consuming MSM

 

[sailfish]

I owe 80 bucks on my credit card hopefully I have a little more than that in my retirement funds

Mine's like $63.

 

[Over70irregs]

You should be debt free when you retire

We know that’s not happening. Are you including house and car?

 

[IVE GOTTA PACKAGE 4U]

First off, my 401K is huge.
I'll never live long enough to spend it all.
I pay off my credit cards in full every month.
So I'll never be in such a situation as this fluff piece story suggests.

Uncle Baba!

It's your favorite nephew Gumby!

 

[IVE GOTTA PACKAGE 4U]

I think this for us is bigger than the election. This is a personal issue ignored and covered up consuming MSM

Maybe they should have money saving and investing courses in college and high school instead of it's okay to have a penis and be a female...

 

[Over70irregs]

Uncle Baba!

It's your favorite nephew Gumby!

37% is chunky…. This right here us our main issue I think . Agree Disagree?

 

[oldngray]

We know that’s not happening. Are you including house and car?

Yes.

 

[IVE GOTTA PACKAGE 4U]

37% is chunky…. This right here us our main issue I think . Agree Disagree?

?

 

[Babagounj]

Uncle Baba!

It's your favorite nephew Gumby!

I haven't forgotten about you.

 

[IVE GOTTA PACKAGE 4U]

Yes.

You always have a house payment...AJA TAXES

Unfortunately you always have some kind of a car payment even if it's not going to the bank.

If you buy a new car you got the monthly payment if you keep a car too long you have high maintenance bills.

With that being said you don't need as much money you want to think in your 401k if you don't owe anybody anymore.

I keep reading all these articles that you need 1.4 million dollars in retirement to retire comfortably

That's not including people would have a pension like us.

 

[oldngray]

You always have a house payment...AJA TAXES

Unfortunately you always have some kind of a car payment even if it's not going to the bank.

If you buy a new car you got the monthly payment if you keep a car too long you have high maintenance bills.

With that being said you don't need as much money you want to think in your 401k if you don't owe anybody anymore.

I keep reading all these articles that you need 1.4 million dollars in retirement to retire comfortably

That's not including people would have a pension like us.

You will always have taxes and insurance but that isn't counted as debt.

With even a partial pension you won't need a million in savings when you retire. Its all about not wasting money. You can set aside some for mad money but don't go crazy buying a lot of crap you don't need.

 

[IVE GOTTA PACKAGE 4U]

You will always have taxes and insurance but that isn't counted as debt.

With even a partial pension you won't need a million in savings when you retire. Its all about not wasting money. You can set aside some for mad money but don't go crazy buying a lot of crap you don't need.

Unfortunately many of my coworkers live in fantasy land. I know you have been retired for a few years now but I can guarantee you your pension check does not cover what it used to.


That's why I try to tell these guys. 20 years ago was making half as much as we are now but we was still living pretty good.
20 years from now what you're getting in your pension is not going to be worth what you think it is.
That's why it's very important to save some money on the side especially in a Roth.

 

[oldngray]

Unfortunately many of my coworkers live in fantasy land. I know you have been retired for a few years now but I can guarantee you your pension check does not cover what it used to.


That's why I try to tell these guys. 20 years ago was making half as much as we are now but we was still living pretty good.
20 years from now what you're getting in your pension is not going to be worth what you think it is.
That's why it's very important to save some money on the side especially in a Roth.

High inflation is a killer for defined pensions.

... thank you Biden.