Retirement Talk

Out of context: Reply #7

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  • section_0140

    I save and invest, but I feel like it's never going to be enough. Which, makes me feel like I need to work 24/7, and always be on the lookout for a new (better paying) job. I mean, programming pays better than design ever did, but it still feels like too little.

    I think we're going to see a really fucked up situation in the US when most of us on here get to retirement age. I read something recently (on Reddit?) that said 42% of adults in the US have less than 10k in savings.

    At 22, no big deal. I'd guess most of them are happy to have $10. But, at 42? 52? Your fucked if you don't have 10k. Hell, I feel like 100k isn't enough when you're ready to retire.

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    • This is the thing that bothers me, not about myself but about good friends that have no means at all to save. People I love and care about who are going tomg33
    • hit a day where they either work until they die, or try to subside of social security.mg33
    • 100k isn't near enough to retire.bulletfactory
    • When I finished college my dad gave me the "average X% of what you make a year into your 401k and you'll have a million $ when you retire.mg33
    • $100k isn't nearly enough at all. Especially if you still own a home and pay taxes on it, even if it's paid off.mg33
    • $100K is enough for a year or two.monospaced
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