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| investor |
 Posted: Tue Feb 08, 2005 4:10 pm Post subject: Retirement! ooouch... |
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Investing Associate
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When I think of retirement I worry.
To drive away my worries and to retire safe happily.
I am saving in Bank weekely $25 and whatever situation arises I am not even toughing it untill I am 65 if I am alive till then. Whatever = whatever.
I have a seperate budget for investing.
I have health insurance plan in place and a Life insurance policy in place.
Whatever I do, I want to be safe when it comes to retirement. |
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| Imzadi |
| Posted: Thu Feb 10, 2005 10:39 pm Post subject: Re: Retirement! ooouch... |
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Investing Associate
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| investor wrote: | I am saving in Bank weekely $25 and whatever situation arises I am not even toughing it untill I am 65 if I am alive till then. Whatever = whatever.
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The book, "The Automatic Millionaire" says to automate the money being taken out, by using a bank account that will make auto deductions, so you don't have to think about it.  |
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| indallas2 |
| Posted: Fri Feb 11, 2005 7:10 am Post subject: |
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Investing Associate
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| I'm lucky, my employer puts $10,000/year into a retirement account for use employees. We use Schwab. |
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| Blueberry |
| Posted: Sat Feb 19, 2005 2:59 pm Post subject: |
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Investing Associate
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Amazing some people have NO retirement plan other than social security, more of them they people realize feel that SS will cover it all. Others are praying for a Lottery win to cover things...amazing..  |
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| trixiezzz |
| Posted: Sat Feb 19, 2005 3:53 pm Post subject: |
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Investing Manager
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| What's really scary is trying to figure out how MUCH money we'll actually need to live years and years from now. What seems like a lot of savings now may be poverty level by the time I actually get to retirement. |
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| lmountford |
| Posted: Mon Feb 21, 2005 10:28 am Post subject: |
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Investing Sr. Associate
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| I think that's a really good point, depending on inflation levels what seems sufficient now could be much too little in 40 years time. |
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| chop456 |
| Posted: Mon Feb 21, 2005 12:26 pm Post subject: |
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Investing Sr. Associate
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| I agree. There is not really a magic formula to know how much we are going to need when retirement time comes. For me, I do worry about social security not even being around by the time I am ready to retire. I am just trying to put away what I can without having to sacrifice too much. |
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| trixiezzz |
| Posted: Mon Feb 21, 2005 5:02 pm Post subject: |
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Investing Manager
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| Me too. I figure if Social Security repays my parents and my husband's parents in their later years, that's probably about the best I'll ever see of it. By the time we baby boomers retire, the amount it pays won't cover the smallest bill, probably. But, I don't look to the government to take care of me,either. I think it's my job to plan ahead. |
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| mrsboz |
| Posted: Wed Feb 23, 2005 4:08 pm Post subject: |
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Investing Sr. Associate
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| I didn't think of retirement for the first 10 years that I worked. What a mistake! This is a mistake that my children will not make. It is so important to start saving early. You can never have too much. |
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| paula0000 |
| Posted: Wed Mar 16, 2005 4:39 pm Post subject: |
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Investing Manager
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| Here in Canada there is CPP- a government pension plan. Most people don't think it will be around though by the time they reach retirement age. It's always better to start saving as young as possible... |
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| thrilla |
| Posted: Fri Mar 18, 2005 8:02 am Post subject: |
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Investing Sr. Associate
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| Blueberry wrote: | | Amazing some people have NO retirement plan other than social security, more of them they people realize feel that SS will cover it all. Others are praying for a Lottery win to cover things...amazing.. |
It is important to note that SS was never meant to REPLACE a sound retirement plan.  It was always intended to either keep the elderly out of poverty or as a supplement to a retirement plan. |
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