Number23 said:

JustErin said:

Did I miss something with your edit?

No, I just forgot to italicise the 'you'. It wouldn't have made sense without it. Probably still doesn't. Erin, what does make sense?

In this cruel. cruel world?? I just don't know.

Now please excuse me while I go eat 12 chocolate chip cookies in one sitting.

Nope not saving...one because I don't have the xtra $$$, and two I'm never at a job long enough to build up my 401k.

My grandma turns 80 this year and her ass is STILL working!! I'll probably have to do the same damn thing

Yes! And y'all should be, too! Even if you can only sock away $5 a week and put it in a safe investment, that's better than nothing!

Heed my advice before it's too late!

Number23 said:

NDRU said:

damn, I thought company matches were an urban myth!

They do it with my company too. But I want all my money now dammit. I don't think I'll be around long after 65 though, if I'm around at all. Too much damage for sure. If I baffle the medical world, I'll just sell my house - which should be paid off by then - and live in a tent, rich as fuck.

that may be true, but the thing about saving for retirement is that the earlier you do it the better off you'll be. So it doesn't help so much to change your mind at 60.

What's 10% afterall? I don't know about where you live, but here it is taken before taxes, so the impact on your paycheck is lessened.

And more than that, your company is offering you a 5% raise (or whatever % they match) and you're not taking it!!!

NDRU said:

Number23 said:

NDRU said: They do it with my company too. But I want all my money now dammit. I don't think I'll be around long after 65 though, if I'm around at all. Too much damage for sure. If I baffle the medical world, I'll just sell my house - which should be paid off by then - and live in a tent, rich as fuck.

that may be true, but the thing about saving for retirement is that the earlier you do it the better off you'll be. So it doesn't help so much to change your mind at 60.

What's 10% afterall? I don't know about where you live, but here it is taken before taxes, so the impact on your paycheck is lessened.

And more than that, your company is offering you a 5% raise (or whatever % they match) and you're not taking it!!!

I don't want any of your free money, thank you very much.

sextonseven said:

NDRU said:

that may be true, but the thing about saving for retirement is that the earlier you do it the better off you'll be. So it doesn't help so much to change your mind at 60.

What's 10% afterall? I don't know about where you live, but here it is taken before taxes, so the impact on your paycheck is lessened.

And more than that, your company is offering you a 5% raise (or whatever % they match) and you're not taking it!!!

I don't want any of your free money, thank you very much.

I'm going to die young or live in a tent!

ah, the idealism of youth!

NDRU said:

sextonseven said:

I don't want any of your free money, thank you very much.

I'm going to die young or live in a tent!

ah, the idealism of youth!

It's better to burn out than to fade away.

NDRU said:

Number23 said:

NDRU said:

I'm going to die young or live in a tent!

ah, the idealism of youth!

Heh. To me it's being pragmatic and logical. I'm not being romantic when I say I've abused my body. I'm obviously not being serious when I say I'll live in a tent, but I can rent. My house is my pension, if I live that long. I don't beliece in inheritance to children or family. I live in the west of Scotland in an area where the male mortality rate is around 65 - the worst in Europe. I doubt I'll be an exception to that, and it's not fatalism. I've joined in with all the drink, fags, drugs, deep fried shite and sweeties.

yeah, but how pragmatic is it to refuse free money?

The life expectancy is 65 now, but you are young enough that the number will get higher & higer.

You need to prepare yourself for some sort of unforseen disaster such as quitting smoking or moderating your drinking. These things can happen to good folks such as yourself!

sextonseven said:

NDRU said:

I'm going to die young or live in a tent!

ah, the idealism of youth!

It's better to burn out than to fade away.

You are joking, right?

Ace said:

sextonseven said:

It's better to burn out than to fade away.

You are joking, right?

sextonseven said:

10% of my paycheck goes towards my 401K.

no real need to save. i've got loads of money, and you can see what a well-adjusted person i am.

Yes, in a 403(b) plan, and increased the contribution amount this year. I w/also have a pension when I retire. Still need to contribute more to the 403b though.

Uk'ers whats all this 65 business?

If your under 50 just now chances are you'll be 70 before you get state pension maybe even 75.

Just thought I'd brighten your morning before you head for work

NDRU said:

sextonseven said:

I don't want any of your free money, thank you very much.

I'm going to die young or live in a tent!

ah, the idealism of youth!

Living in a tent isn't so bad.

It's fun even.

retina said:

Shyra said:

My job contributes 8% of my salary. I also have annuities and stocks, but the stocks are very iffy. Since I plan to retire within the next 5 years, I hope I'll have enough to be comfortable. I don't need to be filthy rich, I just want to be able to buy whatever I want and go where ever I want to go. And since I'm a devoted homebody, I won't be spending a whole lot of money travel.

So you're aiming for early retirement or will you actually hit that age in the next five years?

Yeah, in 5 years I will be 65. Folk tell me I don't look my age now; they say I could pass for 40...

Nope, not saving at all, and my retirement plan doesn't kick in till I'm 55, but I'm married and my partner has a 403 b plan, stock investments, social security, and owns some property. I gotta keep him happy or I'm out the door

wildgoldenhoney said:

NDRU said:

I'm going to die young or live in a tent!

ah, the idealism of youth!

Living in a tent isn't so bad.

It's fun even.

when you're 65? I am not yet 40 and a few days in a tent is plenty for me!

I've saved 69% of my net pay in the last 12 months (I lead a low overhead life). I also contribute 4% of my pay to a pension with a 50% company match, and 5% of my gross goes into company shares with a 25% company match.

NDRU said:

wildgoldenhoney said:

Living in a tent isn't so bad.

It's fun even.

when you're 65? I am not yet 40 and a few days in a tent is plenty for me!

Then I hope you're building your nest-egg and paying off your home while you're still young and got your energy.

Age creeps up real fast.

damosuzuki said:

I've saved 69% of my net pay in the last 12 months (I lead a low overhead life). I also contribute 4% of my pay to a pension with a 50% company match, and 5% of my gross goes into company shares with a 25% company match.

Can I move in with you when I retire? I promise to only bring snobby music with me.

sextonseven said:

damosuzuki said:

I've saved 69% of my net pay in the last 12 months (I lead a low overhead life). I also contribute 4% of my pay to a pension with a 50% company match, and 5% of my gross goes into company shares with a 25% company match.

Can I move in with you when I retire? I promise to only bring snobby music with me.

but what about the extension I am building on my home for you I already have council approval and building permit.

sextonseven said:

damosuzuki said:

I've saved 69% of my net pay in the last 12 months (I lead a low overhead life). I also contribute 4% of my pay to a pension with a 50% company match, and 5% of my gross goes into company shares with a 25% company match.

Can I move in with you when I retire? I promise to only bring snobby music with me.

OK, but you're going to have to learn to love the Scud Mountain Boys...

ZombieKitten said:

sextonseven said:

Can I move in with you when I retire? I promise to only bring snobby music with me.

but what about the extension I am building on my home for you I already have council approval and building permit.

But you aren't saving anything. Sorry, I have to go where the money is.

damosuzuki said:

sextonseven said:

Can I move in with you when I retire? I promise to only bring snobby music with me.

OK, but you're going to have to learn to love the Scud Mountain Boys...

It's a small price to pay.

And I'll bring my turntable so we can play Metal Box on vinyl--if our ears can still handle the bass at that age.

spelling

[Edited 9/12/10 10:16am]

I automatically pay into a pension but something tells me it won't be there when it's time to collect.

All hail the queen!

sextonseven said:

ZombieKitten said:

but what about the extension I am building on my home for you I already have council approval and building permit.

But you aren't saving anything. Sorry, I have to go where the money is.

yes I am I never spend any money!