Re: Epstein Thread....
[Re: Chancey]
#8444584
07/28/25 09:57 PM
07/28/25 09:57 PM
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Joined: Feb 2010
pa
hippie
trapper
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trapper
Joined: Feb 2010
pa
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People today have more than they ever had.
Every generation, starting with those born in the '30's have had more than the one before.
There comes a point liberalism has gone too far, we're past that point.
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Re: Epstein Thread....
[Re: hippie]
#8444618
07/28/25 10:46 PM
07/28/25 10:46 PM
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Joined: May 2019
Saskatchewan
rvsask
trapper
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trapper
Joined: May 2019
Saskatchewan
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People today have more than they ever had.
Every generation, starting with those born in the '30's have had more than the one before. So very true!!!! This is why I can’t buy into the “woe is me, we’re doomed” rhetoric.
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Re: Epstein Thread....
[Re: Lugnut]
#8444703
07/29/25 05:39 AM
07/29/25 05:39 AM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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Median retirement savings from 65 to 74 is 200k. That means half of the population has that much or less even, half
Is that enough money?
The numbers are what they are. I would venture to guess half the people in my age group or higher is in that same predicament I guess that depends on the lifestyle you want to lead. For me, it would be enough. I've been told I'm very frugal in less polite words than those.  200,000 is enough to rely on for a retirement savings? I thought we were having a serious conversation. I don't care how cheap one is you can't run from taxes, insurance and compounding inflation.
"Gold is money, everything else is just credit" JP Morgan
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Re: Epstein Thread....
[Re: Chancey]
#8444725
07/29/25 06:44 AM
07/29/25 06:44 AM
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Joined: Dec 2006
SEPA
Lugnut
trapper
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trapper
Joined: Dec 2006
SEPA
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I guess if your relying 100% on that $200,000 then things could get tight.
But I assumed you meant folks with additional sources of income like almost all do. I mean who doesn't collect SS benefits? Every retiree I know does. Granted it isn't always that much, I think the national average is around $2,000.00 a month. Even that small amount will buy you groceries and pay most of your bills assuming you no longer have a mortgage.
Most of the folks I know have earned a bigger monthly benefit, some collecting near the max which is currently around $4,000.00 a month.
Then there's pensions.
Then there's dividends from investments.
Who lives entirely on just their savings? Nobody that I know.
I too thought we were having a "serious" discussion.
Eh...wot?
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Re: Epstein Thread....
[Re: Chancey]
#8444730
07/29/25 06:48 AM
07/29/25 06:48 AM
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Joined: Feb 2010
pa
hippie
trapper
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trapper
Joined: Feb 2010
pa
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Kinda shows ya people live high on the hog today.
There comes a point liberalism has gone too far, we're past that point.
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Re: Epstein Thread....
[Re: Chancey]
#8444748
07/29/25 07:51 AM
07/29/25 07:51 AM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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The 200k figure isn't only savings it's what they have put towards retirement That includes savings. 401ks pensions etc
High on the hog!
I guess you guys don't have to pay for car and home owners insurance and real estate taxes in PA or have a power bill.Power and garbage bill. Sewer and water. Heat your house? Medicare has a premium and one needs a supplemental plan. Cell phone? Maybe a home phone Groceries. Income taxes?
Dividends? The wealthiest 10% of the country owns 88% of the value of the stock markets. I don't think the majority of retirees are getting much for dividends.
Last edited by Steven 49er; 07/29/25 07:52 AM.
"Gold is money, everything else is just credit" JP Morgan
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Re: Epstein Thread....
[Re: Lugnut]
#8444755
07/29/25 08:14 AM
07/29/25 08:14 AM
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Joined: Oct 2018
Dunbar, Wisconsin
Pike River
trapper
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trapper
Joined: Oct 2018
Dunbar, Wisconsin
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I guess if your relying 100% on that $200,000 then things could get tight.
But I assumed you meant folks with additional sources of income like almost all do. I mean who doesn't collect SS benefits? Every retiree I know does. Granted it isn't always that much, I think the national average is around $2,000.00 a month. Even that small amount will buy you groceries and pay most of your bills assuming you no longer have a mortgage.
Most of the folks I know have earned a bigger monthly benefit, some collecting near the max which is currently around $4,000.00 a month.
Then there's pensions.
Then there's dividends from investments.
Who lives entirely on just their savings? Nobody that I know.
I too thought we were having a "serious" discussion. What's a pension? The current threshold to retire is 1.5 million. Maybe sneak by with only $1 million. At least that's what my gen is shooting for.
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Re: Epstein Thread....
[Re: Chancey]
#8444767
07/29/25 08:46 AM
07/29/25 08:46 AM
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Joined: Feb 2011
alberta
spjones
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trapper
Joined: Feb 2011
alberta
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A million isn’t very much nowadays,,,,,
Not because people are high on the hog
It’s because the governments have increased money supply with the click of a mouse
Last edited by spjones; 07/29/25 09:01 AM.
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Re: Epstein Thread....
[Re: Lugnut]
#8444893
07/29/25 01:05 PM
07/29/25 01:05 PM
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Joined: Feb 2010
pa
hippie
trapper
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trapper
Joined: Feb 2010
pa
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I'm sure they wouldn't believe me if I told them what the wife and I live on, so I won't bother. If I didn't have some bad habits, it would be alot less!!!!  A million dollars? I wish!
There comes a point liberalism has gone too far, we're past that point.
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Re: Epstein Thread....
[Re: spjones]
#8444899
07/29/25 01:19 PM
07/29/25 01:19 PM
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Joined: Mar 2023
WI
WI Outdoors
trapper
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trapper
Joined: Mar 2023
WI
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A million isn’t very much nowadays,,,,,
Not because people are high on the hog
It’s because the governments have increased money supply with the click of a mouse I'll take your mil then.
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Re: Epstein Thread....
[Re: hippie]
#8444969
07/29/25 03:37 PM
07/29/25 03:37 PM
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Joined: Oct 2018
Dunbar, Wisconsin
Pike River
trapper
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trapper
Joined: Oct 2018
Dunbar, Wisconsin
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I'm sure they wouldn't believe me if I told them what the wife and I live on, so I won't bother. If I didn't have some bad habits, it would be alot less!!!!  A million dollars? I wish! Try us along with a general expense break down. Fuel, utilities, taxes/fees and maintenance.
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Re: Epstein Thread....
[Re: Chancey]
#8444972
07/29/25 03:53 PM
07/29/25 03:53 PM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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A person needs to add up their expenses and then figure if he lives 25 years into retirement, it will take 60 percent more the last year than it did the first. Minimum?
For Gen Yand later generations a million won't be enough.
"Gold is money, everything else is just credit" JP Morgan
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Re: Epstein Thread....
[Re: rex123]
#8445080
07/29/25 07:46 PM
07/29/25 07:46 PM
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Joined: May 2010
MN
Steven 49er
trapper
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trapper
Joined: May 2010
MN
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Why do you have to blame someone else why not be a man look in the mirror and say I have made my life what it is
Who is blaming anybody
"Gold is money, everything else is just credit" JP Morgan
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Re: Epstein Thread....
[Re: Pike River]
#8445546
07/30/25 11:32 AM
07/30/25 11:32 AM
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Joined: Feb 2010
pa
hippie
trapper
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trapper
Joined: Feb 2010
pa
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I'm sure they wouldn't believe me if I told them what the wife and I live on, so I won't bother. If I didn't have some bad habits, it would be alot less!!!!  A million dollars? I wish! Try us along with a general expense break down. Fuel, utilities, taxes/fees and maintenance. Under 20k easily to keep a roof over my head and cars on the road. Wife and my SSI 34K A year. Property taxes under 5k Electric 200/month...2500 Oil heat 2k Insurance, home and vehicles.....2k Sewage, 100/ month...1200 Internet and tv, although not necessary, 2500
There comes a point liberalism has gone too far, we're past that point.
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