Tbh I think climate change is good news for my retirement planning considering it makes it more likely I’ll die prematurely
― direct to consumer online mattress brand (silby), Monday, 12 February 2018 00:46 (six years ago) link
Lots of unlikely people will suddenly have oceanfront property,
Looking forward to living in the beach, if only for a while
― I'm walking on Sondheim (Ye Mad Puffin), Monday, 12 February 2018 02:07 (six years ago) link
http://www.fantasticalandrewfox.com/wp-content/uploads/2012/01/On-the-Beach-cover2.jpg
― ziggy the ginhead (rushomancy), Monday, 12 February 2018 02:09 (six years ago) link
― I'm walking on Sondheim (Ye Mad Puffin), Sunday, February 11, 2018 6:07 PM (yesterday)
I looked at maps a while back, and if I stay in my current place ... total beach!
― sarahell, Monday, 12 February 2018 18:55 (six years ago) link
Some advice: don't look too closely at what's floating in the water.
― A is for (Aimless), Monday, 12 February 2018 18:56 (six years ago) link
Based on the smell of what is currently a lake, this is already my standard practice.
― sarahell, Monday, 12 February 2018 18:57 (six years ago) link
Fortunate to be about the last age group at my company with a guaranteed pension. Subsequent union contracts have eliminated the company-provided pension, while promoting personal responsibility for retirement. Didn't start my IRA until early 30s, against much advice, so am behind the curve to some of my peers, but still ahead of the national curve, I think.
Knock on wood, between personal savings, pension, retirement account w/ company match, and possibly Social Security, I should have enough to keep a SINK with a modest lifestyle set. Health is the big question mark.
― the body of a spider... (scampering alpaca), Monday, 12 February 2018 20:19 (six years ago) link
certainly moving will make you re-evaluate how much vinyl you want to own
remember, even if you have a pension they can evaporate! Nothing is certain. Especially if the pension is not well funded
I hope to retire selling my valuable CD collection
― Dean of the University (Latham Green), Tuesday, 13 February 2018 20:51 (six years ago) link
Automatic thread bump. This poll is closing tomorrow.
― System, Tuesday, 27 February 2018 00:01 (six years ago) link
Idk more interested in these poll results than most
― alomar lines, Tuesday, 27 February 2018 06:16 (six years ago) link
Poll options not high enough
― Mr. Snrub, Tuesday, 27 February 2018 12:17 (six years ago) link
otrm
― Simpson L. (darraghmac), Tuesday, 27 February 2018 12:32 (six years ago) link
Sorry. Guess I assumed most of you were in terrible positions in regards to retirement savings.
― Jeff, Tuesday, 27 February 2018 16:40 (six years ago) link
i think the people that are in great positions want to distinguish themselves from those who are in merely ok positions ...
― sarahell, Tuesday, 27 February 2018 16:59 (six years ago) link
Centrists Vs upper middles
― Simpson L. (darraghmac), Tuesday, 27 February 2018 17:01 (six years ago) link
I have no idea what position I'm in (not bad? but maybe not good) and figure out what qualifies as good for someone with my income and interests
― mh, Tuesday, 27 February 2018 17:11 (six years ago) link
age is a key factor in "good" -- if i was in my 20s and had what I have saved up, I'd feel pretty good about it, but I'm in my 40s, and so ... not so good.
― sarahell, Tuesday, 27 February 2018 17:14 (six years ago) link
I'll definitely say that if I hadn't've got in and stuck with my UC position all this time since 1997, it might be looking a little dicier for me to an extent. Knowing I've had an actual pension as a backstop -- and that I'm three years away from being able to claim it if needed, though obviously the longer I stay in the system the more it will be -- takes a load off one's mind. (Also, compared to other pension situations that are indeed looking pretty dicey in general, the UC's is on stabler ground overall -- it's certainly nice to hear that the CalPERS system is on better ground now too, though UC's setup is separate from that.)
― Ned Raggett, Tuesday, 27 February 2018 17:57 (six years ago) link
I'm kind of hoping, perversely, that the pension plan gets killed and rolled into my 401k or something as a lump sum? Because I think I have to retire from this place to get the pension (or get laid off) and I'd like to quit before then.
― mh, Tuesday, 27 February 2018 18:15 (six years ago) link
Are you fully vested at all?
― Ned Raggett, Tuesday, 27 February 2018 18:17 (six years ago) link
oh wait, I am behind on reading up on the changes to the plan
ignore previous post, I guess I don't care about that particular thing anymore
― mh, Tuesday, 27 February 2018 18:19 (six years ago) link
just reading this thread title alone gave me anxiety . im out
― (•̪●) (carne asada), Tuesday, 27 February 2018 18:19 (six years ago) link
― (•̪●) (carne asada), Tuesday, February 27, 2018 1:19 PM (twenty-four minutes ago) Bookmark Flag Post Permalink
same. don't be a music writer unless you want to completely destroy your future, defined as the span of time after you expire, defined as being older than 25
― algorithm is a dancer (katherine), Tuesday, 27 February 2018 18:44 (six years ago) link
even pensions can get wiped out if they are not well managed.
the best retirement strategy is probably to go live in a different country - its the new retirement immigration plan!
― Rabbit Control (Latham Green), Tuesday, 27 February 2018 19:05 (six years ago) link
Dont have to live like a 401k refugee
the best retirement strategy is probably to go live in a different country - its the new retirement immigration plan!― Rabbit Control (Latham Green), Wednesday, 28 February 2018 6:05 AM (twelve minutes ago) Bookmark Flag Post Permalink
― Rabbit Control (Latham Green), Wednesday, 28 February 2018 6:05 AM (twelve minutes ago) Bookmark Flag Post Permalink
Grand old tradition in this, at least from the UK, soon to be halted by brexit.
I’m planning on retiring to japan as the will have the best aged care robots.
― American Fear of Pranksterism (Ed), Tuesday, 27 February 2018 19:20 (six years ago) link
Good point man, the bots will be our bedpans!
― Rabbit Control (Latham Green), Tuesday, 27 February 2018 19:23 (six years ago) link
until they unionize
― it's my leopard. (Ye Mad Puffin), Tuesday, 27 February 2018 19:25 (six years ago) link
yes I have emigrated from my home country in part for retirement reasons (& other social safety network reasons), I recommend it warmly to others
― droit au butt (Euler), Tuesday, 27 February 2018 19:27 (six years ago) link
I know people who saved, on their own, hundreds of thousands of dollars, through having a good job, cheap rent and no kids. I am not them. Thank god for 401k (and pension too, tho not really sure what I need to do to get it)
― Dominique, Tuesday, 27 February 2018 19:28 (six years ago) link
https://www.investopedia.com/articles/retirement/081016/5-reasons-retire-canada.asp
― Rabbit Control (Latham Green), Tuesday, 27 February 2018 19:50 (six years ago) link
read that as: 5-reasons-retire-canada.asap
― A is for (Aimless), Tuesday, 27 February 2018 19:52 (six years ago) link
Canada is now KNown as NATION FORMERLY KNOWN AS CANADA
― Rabbit Control (Latham Green), Tuesday, 27 February 2018 19:59 (six years ago) link
Automatic thread bump. This poll's results are now in.
― System, Wednesday, 28 February 2018 00:01 (six years ago) link
Srsly poll the 47 and pls be srs this time with the numbers
― Simpson L. (darraghmac), Wednesday, 28 February 2018 00:09 (six years ago) link
10k to 50k here. i'm gonna live on twigs and berries
― fuck the NRA (Neanderthal), Wednesday, 28 February 2018 00:29 (six years ago) link
Ur young man you'll be sound
― Simpson L. (darraghmac), Wednesday, 28 February 2018 00:34 (six years ago) link
Srsly poll the 47 and pls be srs this time with the numbers― Simpson L. (darraghmac), Wednesday, February 28, 2018 12:09 AM (fifteen hours ago) Bookmark Flag Post Permalink
Not bragging, more of a reflection on growing up lower income, and tilting the other way as a single, no kids guy (I save vs. spend, maybe to a fault). Have been with same company since 23, saving for retirement since 31 or so (starting at 8%, now at 20%), so at $450K in IRA alone. Above water in house, annual pension is secure, and have good emergency savings set aside. Not accounting for Social Security, feels like with my standard of living, I can still retire early.
All comes down to health, really. Could save like crazy, and keel over with it unused. Or could retire, everything crashes or inflates, and I'm penniless. At which point, the Bacon Retirement Plan comes in: one pound of fried pepper bacon per day, until the heart seizes.
― the body of a spider... (scampering alpaca), Wednesday, 28 February 2018 16:15 (six years ago) link
Nicely done, no lie. (Except for that final backup plan.)
― Ned Raggett, Wednesday, 28 February 2018 16:50 (six years ago) link
unless he or she makes it a hit youtube show to annoy a retired whiney
― Dat Login was the dname u doofus (Sufjan Grafton), Wednesday, 28 February 2018 17:00 (six years ago) link
I just plan to die when I run out of money.
― fuck the NRA (Neanderthal), Wednesday, 28 February 2018 17:02 (six years ago) link
I have about 300k in a 401k I was able to save when I worked like a slave at a law firm (I turn 40 next year). But Im a. worried about the hyper stock market bubble exploding and slashing that number in half and b. the rest of my savings/net worth lol dipped below 25k recently after a move and my budgeting didn't include health insurance that I'm not eligible for until mid March.. not in an insane bind but its making me anxious as hell working with less and less of a safety net and being unable to save.
― officer sonny bonds, lytton pd (mayor jingleberries), Wednesday, 28 February 2018 17:11 (six years ago) link
it seems the DINK lifestyle is the only solvent one these days
Kids are a luxury
― Rabbit Control (Latham Green), Wednesday, 28 February 2018 18:49 (six years ago) link
otm
― Bully Corgan (darraghmac), Wednesday, 28 February 2018 18:57 (six years ago) link
xpost If you are super worried about a stock market bubble (although it only matters what your account is worth when you actually withdraw the money) you could just transfer the 401k to an IRA and redistribute the funds or hold them in cash/savings until a time that you feel things are cheaper.
― Yerac, Wednesday, 28 February 2018 18:59 (six years ago) link
everything crashes or inflates, and I'm penniless
...as would be everyone whose net worth could be written without at least a generous handful of zeroes. A general financial catastrophe can't be planned around. You just have to gut it out with whatever resources you can salvage from the fire. But it's always a good idea to have some tangible assets that aren't just 'paper' or digits on a bank's balance sheet, because those are the first to immolate.
― A is for (Aimless), Wednesday, 28 February 2018 19:02 (six years ago) link
There was a time when I thought I'd be able to get away with just selling my CD collection if I was skint.
My plan B is "Well, I can always move to Lincolnshire".
― djh, Wednesday, 28 February 2018 19:46 (six years ago) link
My story is similar to officer sonny bonds', but I had it in the bank where it all got eaten by rent during long-term unemployment
― Moo Vaughn, Wednesday, 28 February 2018 19:47 (six years ago) link