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Re: Our Ridiculous Approach to Retirement 

By: ribit in ROUND | Recommend this post (1)
Thu, 26 Jul 12 7:45 PM | 41 view(s)
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Msg. 42878 of 45651
(This msg. is a reply to 42861 by killthecat)

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ktc
Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts.

...but they all have big screen tv's and smartphones.

Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day.

...too bad they pissed all their money away keeping up with the joneses.

To maintain living standards into old age we need roughly 20 times our annual income in financial wealth.

...and if they didn't save up that much is it the job of folks who lived frugally to make up the difference?




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: Our Ridiculous Approach to Retirement
By: killthecat
in ROUND
Thu, 26 Jul 12 6:53 AM
Msg. 42861 of 45651

DE:

Seventy-five percent of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts.

Almost half of middle-class workers, 49 percent, will be poor or near poor in retirement, living on a food budget of about $5 a day.

To maintain living standards into old age we need roughly 20 times our annual income in financial wealth. I know people with far less than 20X who are living quite comfortably on pensions plus social security, although they also have retirement accounts and occasional income supplements.


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