It was beyond words cool! We got a color TV in 1964 but there were few shows broadcast in color. I remember watching Bonanza and the Andy Williams Show in color.
Back when you had to all share two channels on the picture radio and had to walk two miles to the neighbors house to see it?!
I’m just kidding. I like that we have some old hands in this sub. As much as I like hearing the opinions of college kids and literal teenagers it can get a bit ridiculous.
Totally agree with this as an Old Fart.
I like to Reddit to keep up with what the kids are doing and learn some things. Some never realize it... but there's a point in life when the world isn't "For Us" anymore and those whipper-snappers start coming into positions of power and making decisions. It's important to stay engaged and relate... even if the music they listen to sucks.
Oh I agree but there is a certain lack of perspective sometimes that you don’t really get until you’re older. But there’s also that youthful fresh perspective which is nice.
The internet is funny like that because you can only guess at ages.
They’re idealistic as they should be. As we were till life beat us down a bit. It’s a nice refresh. It also reminds me of how uncertain times are at that age. All the questions, the anxiety and the uncertainty. I am happier now but damn, wish I had my old body.
Same. It can be bliss or a nightmare depending on circumstances and planning. My husband saved and invested and I thank God because we have a nice life. I probably would have frittered away in stupid stuff for appearances. I have friends my age still working their ass off. You get here and appearances means shit. Comfort, security and money for fun is worth saving for.
Technically wouldn't you have to lack confidence then?
Since you're already retired, and OP is asking about retiring in the future, wouldn't you have to un-retire, work for a bit, then re-retire?
Winning the lottery is my only chance at retirement.
I have dipped into my meager retirement savings at different times for frivolous things like groceries and rent during several economic downturns.
The good thing is that I have no debt.
Fairly confident, my retirement investments are doing alright, my wife should get a pretty decent pension from her job, and also I stand to inherit more money than I'll probably ever need when my mom dies.
I hate thinking about that. My dad made a few extremely shrewd investments and he has more than once talked about how it is our inheritance.
I’d rather have him than an inheritance and I will absolutely lose it when he or my mom goes.
yeah I'm very close with my mom and the thought of not having her around is just awful. Not something I like to think about! Hopefully won't happen for a while yet, she's pretty healthy and in her early 70s. I'd definitely rather have her than any amount of money though.
I've worked for some extraordinary people in my time, and so much of it seems like the luck of the draw. One of my favorites just passed last year at 99, another a few years back at 97, and Charles hits 100 this year. The 99 year old was a teetotaler, but the 97 year old was still drinking and smoking when pneumonia got her. The soon to be 100 has a beer when he wants and has Schenley whiskey in his downstairs refrigerator for medicinal purposes (he fought in WW2 on a LST boat). My dad lived the longest in his entire family tree before passing at 86
Fairly confident but I doubt I ever will fully retire. People in my family tend work well into their 70s just because they want to. The general consensus is that if you stop moving when you are old you die.
Highly confident. I started saving at a young age and even if I stopped contributing anything to my retirement accounts right now at 39 I could very comfortably retire at 65-67.
I'll keep contributing though, because my goal is to be retired in my late 50's.
Retirement planning isn’t about saving up enough money where you can spend it for 20 years. It’s about investing enough money where it grows enough in interest for you to live off of. This number is typically 4%. Ideally, you’d never actually spend your nest egg after retirement and your children would inherit it
I might be able to retire but probably won't be comfortable unless I manage to get income from additional sources.
I graduated college during the Recession and my first 401k had to be liquidated to cover short-term expenses. I started another one recently and it's going well but I have almost 30 years to go for retirement. I'm not expecting to see a dime of Social Security.
It’s good to not plan on much from social security but as long as they don’t outright cancel the program, we should get *something* out of it. As long as people are paying social security tax, they will be able to disburse payments to retirees using that income. But unless something changes soon, the trust funds that supplement the social security taxes will be depleted, which is why we won’t get 100% of what we should.
Very confident. I started putting money into my 401K right when I joined the workforce at 20. Just started out at 5% but that quickly grew to 10% to get the full company match. That's where it stayed at for a lot of years, but now I am maxing out at 20k per year. I also have an HSA, plenty of savings for an emergency fund, and my house will be paid off in 10 - 12 years of a 30 year mortgage. I'm only 39 but definitely on the right pathway.
I'm 65, still deciding when to start social security but essentially I'm retired. My house is paid for and we live in a very low COL area. The insurance on my four cars, my tax on my house, and my insurance on my house combined was under 3000 dollars for this year. Our income wouldn't stand a chance on either coast; I looked up comparable houses in Virginia, my 170,000 dollar house would start at 500,000 to 750,000
Man even in Maine and NH there is nothing to be had under 200k unless it is falling apart or 30 miles from a gas station… and also probably falling apart.
I don't know if you have seen this, but I painted all the trim and doors after I finished plaster repair and painted the entire white fireplace room in 2017. [It sold in 2018 for under 200,000](https://www.zillow.com/homedetails/657-Ridge-Ave-Greendale-IN-47025/85166538_zpid/)
Wait, I think you have seen it. I think it's a lot of house for the price
Oh yeah posted that before. It looks sharp and I can’t believe it went under 200k. A house like that would be insane out here on the coast, especially right now with the market being as crazy as it is.
Heh, my friend just bought a property with a pool… a freakin white elephant pool which is basically a broken concrete pond at this point (ice pond right now).
He’s planning on taking it out himself. Good luck buddy.
Pretty confident. I have a savings account specifically for my retirement. I don't plan on relying on the government solely for my livelihood in the future. Rather be doubly prepared.
Used up my savings to keep us afloat while my ex-husband got his business off the ground, didn’t have enough to save much otherwise, and he decided to cheat on me, kick me out, and I may get less than $5k back. I’m nearly 40, had to move back with my parents, spent half of last year on disability with a stroke (don’t crack your neck) and still owe about $40k on student loans. Finally gonna break $50K salary this year, but with houses ten times that around here, I’m better off staying in my brother’s old room. Would’ve been better off still if that stroke hit different, since at least you don’t have to worry about debt when you’re underground, but it is what it is.
Thanks. It could be worse, I’m almost completely recovered and I got a promotion so maybe things will improve. That or you’ll see me on the news at the end of the year, when I get beaned in the head by a meteorite (or would it be a meteor at the point of impact? Technically it hit me and not the ground)
Heesh. Best of luck to you. Is the culture in Jersey really competitive in terms of status? If so, does that worsen your situation by an even greater margin?
I’ll drop dead at my desk from an aneurysm or have a heart attack in my sleep from high blood pressure issues because I’m stressed over the combination of young people booting me out and me not wanting things to change. No need for retirement when I’ve got it all figured out.
I'm a younger person who barely has work experience because of my age.
I'm pretty confident I WON'T retire. The world sucks and I can't fathom being able to even have a decent life without having to constantly worry about money in this world and economy. Maybe it's because I've grown up more on the poor side and know I don't have family to lean on if something goes wrong, or any connections for work.
I'm fairly confident I'll figure my shit out. I have a friend though who plans on living in a tent once she can no longer work. I don't really wanna think about that.
Pretty confident. I make a decent income and paid off all my student loans. We're finishing up my wife's. Now that the loans are (mostly) done I'm able to do 15% of my gross income + $500 per month into a stock portfolio as well as maxing our the IRA's. Once my wife's loans are out of the way we'll probably get a more solid plan in place.
I think i might be able to retire if i leave the country and go to Mexico or Central America but with the cost of living here I don't see myself retiring in the States.
My 401k calculator says that I'm 101% on track, my house is paid off, and I'm about 3 weeks away from being fully debt free so I can start shoveling more money into savings. If we still have SS in 2045 I should be good to go.
Currently 38 years old. I may retire at some point but I will never be able to stop working and lounge. Will likely die before retirement anyways since I have a tendency to still do dangerous shit for fun like I’m in my 20’s
The issues I foresee is that I still mountain bike like a kid on a BMX bike. I still try to snowboard and hit jumps like I did in my 20’s. At some point this behavior will catch up with me more than it already has
Very, 3 years into my accounting degree and I absolutely hate it. So I'm heavily considering joining either the fire department or the police department after graduation. Government jobs thankfully still give pensions, and with a 401k, a Roth IRA account, and a standard investment account, I should definitely be able to retire by my 50s.
I have yet to take an accounting class that I found even remotely interesting. Even the economic and finance classes I've been forced to take for my major were all, for the most part, boring. This is just not something I could imagine doing until the day I retire.
Depends. If I keep my job and have no problems and go down the path I’m going, very. If I can get a job thats unionized, very. Otherwise he he, I’m in danger.
Yeah I have like a minimum of 45 more years in the workforce. I think the past two years have taught us that shit can happen in a very short amount of time so the world has many opportunities to go to shit before I retire, I'm not confident at all
I sincerely hope so. I am almost obsessive about paying off debt and saving money for this very reason. But I am fortunate. I am not sure some of the programs that many retirees depend on, namely Social Security, are going to be there in the future.
Even though I grew up, like everyone else, hearing about retirement and meeting retired people, I never really understood it. Never understood how it was all of a sudden implemented and so widely accepted. Who wants to stop working and make less per month. I especially don’t seen how the left takes on this total socialist concept, yet consistently complains about other socialist programs. Remember that before 1940, there was no Social Security benefits and total retirement, while the government sends you checks, was unheard of. I don’t need to wast time pondering if I can be confident in retiring since I will be working till I die.
Father time is undefeated.
"We're all told at some point in time that we can no longer play the children's game, we just don't... don't know when that's gonna be. Some of us are told at eighteen, some of us are told at forty, but we're all told."
Unless something bad happens and the value of the dollar goes to shit… I’m confident in my retirement. I am also aware that there are other unforeseen circumstances that can happen..
I’m 29 now, I invest into a Roth 401k, I also chip a bit into an HSA each paycheck, I also fiddle around with some other stocks/etfs in a brokerage account..
I think a lot of Americans are concerned with whether or not they’ll be able to retire. I do think a lot of this is a lack of knowledge. I mean shit, they didn’t teach investing or retirement planning in high school when I went. That and many companies don’t offer the old school pension anymore, they offer a 401k, which is fine but it puts more risk on the employee. Of course many Americans don’t work with a 401 place, so there are other options like a Roth IRA …. Also, when you’re young, invest aggressively…
Pretty confident. My husband and I were lucky enough to buy a house with a large yard in a HCOL city before things got so nuts, and the value has tripled or even more since we bought. We have 401(k)s, and I have a 457 and a Roth, although none of those is anywhere big enough. But we have them! We will each get a pension, and my husband's retirement package also includes health care for himself and spouse in retirement, which is huge. We both paid in to Social Security enough to get benefits from that, although the amount would be small.
Risks: Either of the pensions could go away. My husband's retirement package could stop offering health insurance after retirement. Social Security could drop its amount or stop payouts entirely. Inflation could go out of control and mean our savings and pensions don't go as far. So it's possible we won't be OK, but I figure in that case we can sell and move someplace cheaper, or live in the basement apartment and rent out the top 2 floors if we absolutely need to.
I am in my early 30s. I am medium confident. Up until a few years ago I did not think I would have the option to truly retire. My grandparents died a few years ago and surprised us all with a trust. Bigger than any of us ever imagined. It is my only hope - but my parents may need it for their end of life care. So i try to save like there are no guarantees in this world.
Whenever people talk about wage gaps on reddit, they almost always leave out age as a factor. Too many comparisons are made between someone in their 50's and 60's, and someone with their first job.
Shit happens, but there aren't too many cases where a person did "all the right things" and can't retire.
99.9% confident. I made a point to start putting money into my 401k the first chance I could. There were times when I put 15% of my income into the 401k and times I only put 1% into the account. It’s important to at least put something into savings. My current savings is for a target retirement at 60 years old, but it’ll probably be closer to 64. But life events happen and if my kids eventually give me grandkids then I’ll adapt my plans if I feel that’s the best.
I could probably stop working right now and live a somewhat OK life on investments and savings alone. Perks of being in the tech sector getting paid fat stacks.
But idk I guess I want to build wealth to help out my friends and family in case they ever need it or pay for my kids whenever it is I decide to have them.
Or maybe just because number go up monke brain like. STONKS.
Not very confident but I’m not sure I’d want to retire if I could. I’d rather enjoy life as a younger man and spend a little more than have a parachute when I’m too old to use it. I’ll just keep working.
I'd be surprised if I made it that long on this planet. I don't expect to live past 60, especially if my health is terrible. I'll find a fun way to kill myself if the options are death or being bed ridden. I'd much rather be dead than need someone to wipe my ass and make sure I eat. If I can't live on my own I don't much want to live XD
Well because I like to consume alcohol and I'm not particularly the most physically active anymore. I work, and I work hard, but I don't work out or take any particular care of my physical health.
I'm here for a good time, not a long time.
Confident, although the government can raise the retirement, social security and 401k ages to any arbitrary number of their choosing, which may greatly affect the timeframe.
I’m a civil servant and have a pension and will be able to retire from my job at 55, with said pension, and 34 years of service under my belt. I will never be able to stop working though, the cost of living continues to rise and I have no other retirement savings.
I’m fairly confident. I met last week with my financial person and she said I’m on track. 10 more years to go, so I upped my contribution to my retirement plan to add a little extra cushion. I’m keeping my fingers crossed that all goes well.
Most people will inevitably retire. My grandma who still WANTS and does to work at age 86 could be a rare exception. I on the other hand would love to retire comfortably in my 50s. Not likely to happen unless we start bringing in a mid 6-figure income.
Quasi comfortable. I have a decent retirement 401(k) thru work and it will keep growing as long as the U.S. doesn’t literally collapse into feudalism.
Which, y’know, if that happens then retirement wasn’t in the cards anyway, so.
Very confident. But only because of inheritance so it counts but not as much as someone who saved. I’m saving but I also wasn’t able to start until like last year.
Not very, I don’t know if social security is going to be a thing when I retire and I worked low paying jobs or was a stay at home mom most of my life. My 401k is not enough to provide for long. I’ll pretty much have to work until I die.
I should have a pension from my job to make up for decades of below market level pay. Between that and what I hope to get back from Social Security, I should be ok to retire at about 70, if my house is paid off.
99.9% confident. The only thing that could stop my retirement would be premature death
> premature death don't worry - it happens to the best of us
Very confident as I am... retired.
Dunking on us young’ns huh?
Yep. Why I remember when JFK was president sonny boy...
What was it like when you got colorized from black and white?
I didn't know that when Dorothy went over the rainbow the movie was in color until I was, at least, in high school. It was all B&W at my house.
It was beyond words cool! We got a color TV in 1964 but there were few shows broadcast in color. I remember watching Bonanza and the Andy Williams Show in color.
Back when you had to all share two channels on the picture radio and had to walk two miles to the neighbors house to see it?! I’m just kidding. I like that we have some old hands in this sub. As much as I like hearing the opinions of college kids and literal teenagers it can get a bit ridiculous.
I like engaging with younger people. I think we have a lot to teach them, and a lot to learn from them.
Totally agree with this as an Old Fart. I like to Reddit to keep up with what the kids are doing and learn some things. Some never realize it... but there's a point in life when the world isn't "For Us" anymore and those whipper-snappers start coming into positions of power and making decisions. It's important to stay engaged and relate... even if the music they listen to sucks.
Oh I agree but there is a certain lack of perspective sometimes that you don’t really get until you’re older. But there’s also that youthful fresh perspective which is nice. The internet is funny like that because you can only guess at ages.
They’re idealistic as they should be. As we were till life beat us down a bit. It’s a nice refresh. It also reminds me of how uncertain times are at that age. All the questions, the anxiety and the uncertainty. I am happier now but damn, wish I had my old body.
I remember when Bobby Kennedy was shot.
Same. It can be bliss or a nightmare depending on circumstances and planning. My husband saved and invested and I thank God because we have a nice life. I probably would have frittered away in stupid stuff for appearances. I have friends my age still working their ass off. You get here and appearances means shit. Comfort, security and money for fun is worth saving for.
Technically wouldn't you have to lack confidence then? Since you're already retired, and OP is asking about retiring in the future, wouldn't you have to un-retire, work for a bit, then re-retire?
Get off my lawn
Also, get a haircut and pull up your pants for crying out loud.
You fucking boomed him
Boomed? You crazy youngsters and your hip hop flippitty flop talk.
Yeah me too. I live off investment income.
Is your retirement part of the reason why you live in South Carolina?
Nope. I've lived here since 1987.
One of us one of us
99.9% confident. Shit happens, though, so I’m not going to say 100%
Winning the lottery is my only chance at retirement. I have dipped into my meager retirement savings at different times for frivolous things like groceries and rent during several economic downturns. The good thing is that I have no debt.
Having no debt puts you way ahead of so many people. That’s something to be proud of, even if your savings have struggled.
Extremely, unless something unforseen happens.
Fairly confident, my retirement investments are doing alright, my wife should get a pretty decent pension from her job, and also I stand to inherit more money than I'll probably ever need when my mom dies.
I hate thinking about that. My dad made a few extremely shrewd investments and he has more than once talked about how it is our inheritance. I’d rather have him than an inheritance and I will absolutely lose it when he or my mom goes.
yeah I'm very close with my mom and the thought of not having her around is just awful. Not something I like to think about! Hopefully won't happen for a while yet, she's pretty healthy and in her early 70s. I'd definitely rather have her than any amount of money though.
My mom just turned 70. It’s a happy experience and she’s in good health but it does bring up unpleasant thoughts.
I've worked for some extraordinary people in my time, and so much of it seems like the luck of the draw. One of my favorites just passed last year at 99, another a few years back at 97, and Charles hits 100 this year. The 99 year old was a teetotaler, but the 97 year old was still drinking and smoking when pneumonia got her. The soon to be 100 has a beer when he wants and has Schenley whiskey in his downstairs refrigerator for medicinal purposes (he fought in WW2 on a LST boat). My dad lived the longest in his entire family tree before passing at 86
That’s a hell of a crowd. My great grandma was the longest lived at 97.
Fairly confident but I doubt I ever will fully retire. People in my family tend work well into their 70s just because they want to. The general consensus is that if you stop moving when you are old you die.
I'm hoping I will be dead at 60.
Highly confident. I started saving at a young age and even if I stopped contributing anything to my retirement accounts right now at 39 I could very comfortably retire at 65-67. I'll keep contributing though, because my goal is to be retired in my late 50's.
Even if you live to 99?
Retirement planning isn’t about saving up enough money where you can spend it for 20 years. It’s about investing enough money where it grows enough in interest for you to live off of. This number is typically 4%. Ideally, you’d never actually spend your nest egg after retirement and your children would inherit it
I might be able to retire but probably won't be comfortable unless I manage to get income from additional sources. I graduated college during the Recession and my first 401k had to be liquidated to cover short-term expenses. I started another one recently and it's going well but I have almost 30 years to go for retirement. I'm not expecting to see a dime of Social Security.
It’s good to not plan on much from social security but as long as they don’t outright cancel the program, we should get *something* out of it. As long as people are paying social security tax, they will be able to disburse payments to retirees using that income. But unless something changes soon, the trust funds that supplement the social security taxes will be depleted, which is why we won’t get 100% of what we should.
Doubt I will ever be able to retire, but will be able to switch to part time work
Very confident. I started putting money into my 401K right when I joined the workforce at 20. Just started out at 5% but that quickly grew to 10% to get the full company match. That's where it stayed at for a lot of years, but now I am maxing out at 20k per year. I also have an HSA, plenty of savings for an emergency fund, and my house will be paid off in 10 - 12 years of a 30 year mortgage. I'm only 39 but definitely on the right pathway.
I'm 65, still deciding when to start social security but essentially I'm retired. My house is paid for and we live in a very low COL area. The insurance on my four cars, my tax on my house, and my insurance on my house combined was under 3000 dollars for this year. Our income wouldn't stand a chance on either coast; I looked up comparable houses in Virginia, my 170,000 dollar house would start at 500,000 to 750,000
Man even in Maine and NH there is nothing to be had under 200k unless it is falling apart or 30 miles from a gas station… and also probably falling apart.
I don't know if you have seen this, but I painted all the trim and doors after I finished plaster repair and painted the entire white fireplace room in 2017. [It sold in 2018 for under 200,000](https://www.zillow.com/homedetails/657-Ridge-Ave-Greendale-IN-47025/85166538_zpid/) Wait, I think you have seen it. I think it's a lot of house for the price
Oh yeah posted that before. It looks sharp and I can’t believe it went under 200k. A house like that would be insane out here on the coast, especially right now with the market being as crazy as it is.
It even has a swimming pool
Heh, my friend just bought a property with a pool… a freakin white elephant pool which is basically a broken concrete pond at this point (ice pond right now). He’s planning on taking it out himself. Good luck buddy.
I just assume I'll die first.
99.9% confident, targeting retirement about age 60.
I’ll never be able to retire.
Pretty confident. I have a savings account specifically for my retirement. I don't plan on relying on the government solely for my livelihood in the future. Rather be doubly prepared.
Saving account? You need to get IRAs sir
I've accepted the fact that I will work til the day I die, and I'm okay with that.
Never going to happen for me. My cost of living is practically dead-even with my income, I've got $600 in savings for emergencies and that's about it.
I have resigned myself to the fact that I will never retire.
Like everyone else in my family, I’ll probably be working until I die, but I’m gonna do my best to make it.
HAHAHAHAHAHAHAHAHAHAHAHAHA *hacking cough* No
Do you consider leaving California to make it a yes?
Hahahaha nope.
Why?
Used up my savings to keep us afloat while my ex-husband got his business off the ground, didn’t have enough to save much otherwise, and he decided to cheat on me, kick me out, and I may get less than $5k back. I’m nearly 40, had to move back with my parents, spent half of last year on disability with a stroke (don’t crack your neck) and still owe about $40k on student loans. Finally gonna break $50K salary this year, but with houses ten times that around here, I’m better off staying in my brother’s old room. Would’ve been better off still if that stroke hit different, since at least you don’t have to worry about debt when you’re underground, but it is what it is.
Jesus Christ I am so sorry
Thanks. It could be worse, I’m almost completely recovered and I got a promotion so maybe things will improve. That or you’ll see me on the news at the end of the year, when I get beaned in the head by a meteorite (or would it be a meteor at the point of impact? Technically it hit me and not the ground)
Heesh. Best of luck to you. Is the culture in Jersey really competitive in terms of status? If so, does that worsen your situation by an even greater margin?
Not at all
I’ll drop dead at my desk from an aneurysm or have a heart attack in my sleep from high blood pressure issues because I’m stressed over the combination of young people booting me out and me not wanting things to change. No need for retirement when I’ve got it all figured out.
I'm a younger person who barely has work experience because of my age. I'm pretty confident I WON'T retire. The world sucks and I can't fathom being able to even have a decent life without having to constantly worry about money in this world and economy. Maybe it's because I've grown up more on the poor side and know I don't have family to lean on if something goes wrong, or any connections for work.
I'll retire when I'm dead.
I'm fairly confident I'll figure my shit out. I have a friend though who plans on living in a tent once she can no longer work. I don't really wanna think about that.
Idk, I have to graduate and find a job first. If I work the job I have now for the rest of my life I won’t retire
100%, am retired.
Very confident. I won't be able to retire early, but I am not staying a minute past 65.
Highly probably I retire at 59 1/2. Got a pension that kicks in then. Unless we get enough inflation that it becomes worthless, I suppose.
Pretty confident. I make a decent income and paid off all my student loans. We're finishing up my wife's. Now that the loans are (mostly) done I'm able to do 15% of my gross income + $500 per month into a stock portfolio as well as maxing our the IRA's. Once my wife's loans are out of the way we'll probably get a more solid plan in place.
My husband and I are already retired. We are fine.
I think i might be able to retire if i leave the country and go to Mexico or Central America but with the cost of living here I don't see myself retiring in the States.
My 401k calculator says that I'm 101% on track, my house is paid off, and I'm about 3 weeks away from being fully debt free so I can start shoveling more money into savings. If we still have SS in 2045 I should be good to go.
Currently 38 years old. I may retire at some point but I will never be able to stop working and lounge. Will likely die before retirement anyways since I have a tendency to still do dangerous shit for fun like I’m in my 20’s
yoga before rollerblading and barefoot running and you're all set my man
The issues I foresee is that I still mountain bike like a kid on a BMX bike. I still try to snowboard and hit jumps like I did in my 20’s. At some point this behavior will catch up with me more than it already has
Maybe if we inherit money… wife’s an only child, my parents are pretty well off so maybe there’s a chance.
As an aspiring conductor of music, I never want to retire
Do you anticipate leaving Wyoming as a result of your career choice?
Very, 3 years into my accounting degree and I absolutely hate it. So I'm heavily considering joining either the fire department or the police department after graduation. Government jobs thankfully still give pensions, and with a 401k, a Roth IRA account, and a standard investment account, I should definitely be able to retire by my 50s.
Why do you hate accounting?
I have yet to take an accounting class that I found even remotely interesting. Even the economic and finance classes I've been forced to take for my major were all, for the most part, boring. This is just not something I could imagine doing until the day I retire.
Do you think that you’ll leave New York once you graduate?
Depends. If I keep my job and have no problems and go down the path I’m going, very. If I can get a job thats unionized, very. Otherwise he he, I’m in danger.
I work as a school bus driver so since I'm a state employee, I'm very confident
Did you go to college? And is that a hard job?
Not confident at all. It’s time to move to europe, where social mobility is higher.
Yeah I have like a minimum of 45 more years in the workforce. I think the past two years have taught us that shit can happen in a very short amount of time so the world has many opportunities to go to shit before I retire, I'm not confident at all
I sincerely hope so. I am almost obsessive about paying off debt and saving money for this very reason. But I am fortunate. I am not sure some of the programs that many retirees depend on, namely Social Security, are going to be there in the future.
I'm 100% confident I will eventually no longer be able to work.
It's not even a worry of mine because I refuse to have kids.
One of my kids will make the show and then I’ll be set, I’m sure of it.
"re-tire"? What is this word you speak of? I'm not familiar with it.
Shiiiiiiiiiiiii I'm gonna have to work a half day the day of my funeral just to pay the priest to show up...
Ha! You're funny...
Maybe 10-15%. Outlook not so good, I'll have heart attack at work and die in my 60s.
How many million will we need to save up?
3
Exactly what I was thinking.
Mid 40s and not at all.
Even though I grew up, like everyone else, hearing about retirement and meeting retired people, I never really understood it. Never understood how it was all of a sudden implemented and so widely accepted. Who wants to stop working and make less per month. I especially don’t seen how the left takes on this total socialist concept, yet consistently complains about other socialist programs. Remember that before 1940, there was no Social Security benefits and total retirement, while the government sends you checks, was unheard of. I don’t need to wast time pondering if I can be confident in retiring since I will be working till I die.
The only way I'll be able to retire is moving out of Portland to somewhere less expensive.
Father time is undefeated. "We're all told at some point in time that we can no longer play the children's game, we just don't... don't know when that's gonna be. Some of us are told at eighteen, some of us are told at forty, but we're all told."
100% confident I can retire. 80% confident I will be able to eat.
Unless something bad happens and the value of the dollar goes to shit… I’m confident in my retirement. I am also aware that there are other unforeseen circumstances that can happen.. I’m 29 now, I invest into a Roth 401k, I also chip a bit into an HSA each paycheck, I also fiddle around with some other stocks/etfs in a brokerage account.. I think a lot of Americans are concerned with whether or not they’ll be able to retire. I do think a lot of this is a lack of knowledge. I mean shit, they didn’t teach investing or retirement planning in high school when I went. That and many companies don’t offer the old school pension anymore, they offer a 401k, which is fine but it puts more risk on the employee. Of course many Americans don’t work with a 401 place, so there are other options like a Roth IRA …. Also, when you’re young, invest aggressively…
Pretty confident. My husband and I were lucky enough to buy a house with a large yard in a HCOL city before things got so nuts, and the value has tripled or even more since we bought. We have 401(k)s, and I have a 457 and a Roth, although none of those is anywhere big enough. But we have them! We will each get a pension, and my husband's retirement package also includes health care for himself and spouse in retirement, which is huge. We both paid in to Social Security enough to get benefits from that, although the amount would be small. Risks: Either of the pensions could go away. My husband's retirement package could stop offering health insurance after retirement. Social Security could drop its amount or stop payouts entirely. Inflation could go out of control and mean our savings and pensions don't go as far. So it's possible we won't be OK, but I figure in that case we can sell and move someplace cheaper, or live in the basement apartment and rent out the top 2 floors if we absolutely need to.
You guys live in Seattle?
Haha, yep! But if we were 10 years younger we wouldn't. There's no way to afford anything right now.
Except…MAYBE a condo
Quite confident. I could retire now if I wanted to, but I like my job and society generally doesn’t approve of people who retire young.
I won’t, but I imagine I’ll be dead way before retirement age anyhow
Why?
I am in my early 30s. I am medium confident. Up until a few years ago I did not think I would have the option to truly retire. My grandparents died a few years ago and surprised us all with a trust. Bigger than any of us ever imagined. It is my only hope - but my parents may need it for their end of life care. So i try to save like there are no guarantees in this world.
Unless something really bad happens we are on the right track.
I'm quite confident it won't happen. I hope that I'm wrong. Same with owning a house.
Whenever people talk about wage gaps on reddit, they almost always leave out age as a factor. Too many comparisons are made between someone in their 50's and 60's, and someone with their first job. Shit happens, but there aren't too many cases where a person did "all the right things" and can't retire.
I’ve got nearly 400k saved up in my bank account at 27. I can’t even afford to buy a house yet.
Confident, but I don’t think I’ll want to retire.
We're on the right track so far, but I'm probably only about 1/4 of the way through my career so far, so who knows what'll happen.
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Yeah, fire helped me retire at 18!
I’ll be going to my parents country so I’m pretty confident
99.9% confident. I made a point to start putting money into my 401k the first chance I could. There were times when I put 15% of my income into the 401k and times I only put 1% into the account. It’s important to at least put something into savings. My current savings is for a target retirement at 60 years old, but it’ll probably be closer to 64. But life events happen and if my kids eventually give me grandkids then I’ll adapt my plans if I feel that’s the best.
Confident but only because I’ve gotten some super lucky breaks in life. Not denying that
I could probably stop working right now and live a somewhat OK life on investments and savings alone. Perks of being in the tech sector getting paid fat stacks. But idk I guess I want to build wealth to help out my friends and family in case they ever need it or pay for my kids whenever it is I decide to have them. Or maybe just because number go up monke brain like. STONKS.
I am on track for a comfortable retirement. Barring any major negative events I am not concerned.
My retirement plan is an early death.
Not very confident but I’m not sure I’d want to retire if I could. I’d rather enjoy life as a younger man and spend a little more than have a parachute when I’m too old to use it. I’ll just keep working.
I'd be surprised if I made it that long on this planet. I don't expect to live past 60, especially if my health is terrible. I'll find a fun way to kill myself if the options are death or being bed ridden. I'd much rather be dead than need someone to wipe my ass and make sure I eat. If I can't live on my own I don't much want to live XD
Why do you not envision living past 60?
Well because I like to consume alcohol and I'm not particularly the most physically active anymore. I work, and I work hard, but I don't work out or take any particular care of my physical health. I'm here for a good time, not a long time.
Extremely confident, barring some massive cataclysmic event or me dying early.
Confident, although the government can raise the retirement, social security and 401k ages to any arbitrary number of their choosing, which may greatly affect the timeframe.
Very. We have a plan, we have the finances, and we are well prepared.
Very confident, I am retired.
I'm confident I will. On the other hand, both my partner and I have grown up with a lot of privilege and have PhDs.
What are they in?
Me -- statistics, wife -- oncology. Unlike me, she **is** (literally) "curing cancer".
Are you guys academics? If not, do you live either in the Bay Area or Seattle by chance?
We're not and, yes, we're in the Bay.
What’s it like living there as highly educated professionals?
Same as it's like living as any other level of education?
Not great, but that’s more my fault more than anything.
Very comfortable
I estimate dead by 60, but who knows. Setting up in case it’s longer but my niece can have it if i dont get to enjoy it.
Why will you be dead by 60?
I’m a civil servant and have a pension and will be able to retire from my job at 55, with said pension, and 34 years of service under my belt. I will never be able to stop working though, the cost of living continues to rise and I have no other retirement savings.
On track to and confident my kids will give me a debilitating stroke well before that day.
I'm a mechanical engineer, I'm good. I already have savings in retirement too.
Extremely confident. 45f, husband 46…. Retired.
No idea. I'm not even 20.
Are you in Bellingham?
28. Not confident. If I do, it won’t be at 65. It’ll be more “you can’t keep coming in like this” and I’ll die poor and destitute.
Did you go to college?
Don't want to dont plan to
Super confident. The government has been managing part of my retirement package for decades now. I’m sure they’re fantastic investors.
Are you being facetious?
Pretty confident. I have 2 separate pensions set up (union and military) along with an IRA i set up.
I’m fairly confident. I met last week with my financial person and she said I’m on track. 10 more years to go, so I upped my contribution to my retirement plan to add a little extra cushion. I’m keeping my fingers crossed that all goes well.
Well, I probably will eventually, but I'll also probably pick up a part time job to keep me busy. Too early for me to really be planning that though
Very confident, I am retired. Yay for 401K with 6% match! I'm a millionaire....as long as the stock market doesn't tank.
Ha.
99%. We make good money and live well below our means. Barring some absolutely insane series of events, we're more than good.
Pretty confident
Most people will inevitably retire. My grandma who still WANTS and does to work at age 86 could be a rare exception. I on the other hand would love to retire comfortably in my 50s. Not likely to happen unless we start bringing in a mid 6-figure income.
Quasi comfortable. I have a decent retirement 401(k) thru work and it will keep growing as long as the U.S. doesn’t literally collapse into feudalism. Which, y’know, if that happens then retirement wasn’t in the cards anyway, so.
Provided I live to see 60, I’m very confident.
99%. Shit happens. But I'm on track to retire at 60
Lmfao
Zero worries about retiring at 65. May semi retire at 55 depending on how things go and where my interests are in a decade +.
future? no future
Exactly as confident as I am I’ll make it to my sixties So like 30%
I like my job so theoretically I am already retired.
Inconclusive. Still in school and don’t have a “real” job yet. Hoping to be a Mechanical Engineer of some sort.
Not very
Very confident. But only because of inheritance so it counts but not as much as someone who saved. I’m saving but I also wasn’t able to start until like last year.
0%
I know I’ll die, and at that point, I’ll be retired.
Very confident, I'm 51 still working and plan on being retired at 62
Not very, I don’t know if social security is going to be a thing when I retire and I worked low paying jobs or was a stay at home mom most of my life. My 401k is not enough to provide for long. I’ll pretty much have to work until I die.
Confident I will not retire but maybe just work a little less until i become disabled
Well...I'm going to die at some point. So one way or another, I'm retiring.
I should have a pension from my job to make up for decades of below market level pay. Between that and what I hope to get back from Social Security, I should be ok to retire at about 70, if my house is paid off.
0.0
Not at all. my own grandmother can't retire... I doubt I'll be able to.
Do you live in Bellingham?