return2ozmaSenator Bernie Sanders Report Warns Nearly Half of Older Americans 'Have No Retirement Savings'
SnausagesinaBlanketI have enough to last 8 months after working 45 years and having a heart attack and having to spend my life savings on medical bills.
Captain JanewayOut of curiosity, what was your job(s) for those 45 years?
WarmSodaWhat’s that matter? Have you retired?
what was your job(s) for those 45 years?
Out of curiosity, what does that matter?
What a strangely hostile response to a perfectly reasonable question. If you don’t want people to comment on what you say, you really shouldn’t participate.
Clearly the guy is ashamed of his job for the majority of his life and the reason he didn’t want to share it is probably the reason they let themselves get stuck there for decades.
It’s a shame more people don’t accept help from others even in the form of discussion
|Clearly the guy is ashamed of his job for the majority of his life and the reason he didn’t want to share it is probably the reason they let themselves get stuck there for decades.
I was never stuck at any job and when I had my Heart Attack I was doing quite well.
Lmao.
What help>? To be criticized for not owning Apple stock?
Get over your disappointment of not being able to pry into my life,
and go get one yourself.
Waah waaah waaaaah I heard having a heart attack greatly reduces the chance of having another one
I heard having a heart attack greatly reduces the chance of having another one
This is mainly because having one spawns lifestyle changes.
I was shoveling snow and I never had a typical left arm numbness.
Instead I had pain in my mid back right between the shoulder blades
and otherwise felt fine. I thought it was a huge muscle spasm and the pain was
intense. I was never short of breath or had any cognitive issues and drove myself to the ER
3 miles cross town at 3am.
I’ve never blocked anyone on lemmy before, but I am so sick of you shitty passive aggressive assholes. You’re the first, you won’t be the last.
You’ve hit it on the head and all the naysayers here are just being oppositional.
Is them saying 45 years of working not enough? If they would have thought their job mattered they would have said that. You guys are just horny to say they did something wrong and they are cutting you off.
You guys are just horny to say they did something wrong and they are cutting you off.
Nailed it!
You’re projecting. I actually don’t care about the person or their story, but noticed someone have a little temper tantrum when someone asked a question in response.
Well said.
It is interesting that you assume that people are looking to break this person down, it really comes off as projection. In fact, we are curious about the type of job he had because that changes things. If he was a government employee, then retirement is required. If he was in public sector, then what you get will depend on employer. If you’re a contractor, then it is fully up to you to put money into it. We have no idea who this person is or what their experiences are like. Assuming the worst from us says more about you than anything.
Are you shidding and farding about what I said enough to send me 2 messages on this?
🚨Creep alert 🚨
Yeah you’re pretty toxic yo
Thanks babe. 💋
you really shouldn’t participate
Participate in posting my personal work history which as zero to do with this thread and would do nothing to add to it except to invade my privacy? Ok Chief.
I like to know what careers don’t provide retirement options. It helps me have a better understanding of what it means to work in that career. It’s not hard to believe any reasonable person would be curious about such things.
45 years is extremely long for most people to work. Starting at 20 years old, you’d retire at 65 years which used to be the point at which you garnered the full amount of your social security. So, I assume it was a trade of some sort with no pension or 401k and/or the pay was so poor that contributions were not really an option.
You don’t have to divulge your work history. I just like to learn about other people’s careers. Some people imply that trades pay decent, livable, wages. Other people imply otherwise. I’m only 30 and I’ve been a barista, telemarketer (sorry to the world), stocker, copywriter, IT, software engineer, marketing manager, data entry guy, etc. I’ve worn a lot of hats and many of those hats had very little in the way of retirement. I was fortunate to be able to leave those jobs in search of better paying opportunities but I can understand how some people are not afforded such options.
I’m not here to be a debate-lord. Good luck in everything. Hope you can manage.
It wasn’t that hostile. And they never said people couldn’t comment, that’s a straw man you built entirely on your own.
It’s called having a conversation…… someone says something. Someone else asks a question to stoke the conversation….
And like. Context as well. yes it is a diff conversation if they worked 45 years min wage vs 45 years as a mega corp ceo lol. It def is a valid question for someone to understand the conversation that’s happening.
No ones being hostile by trying to get context to continue the conversation that was totally friendly until they got butthurt for some weird reason.
JackbyDevYou could say the same thing about this comment.
It’s unclear why people took exception to that question. Retirement is commonly tied to your type of employment.
TruthAintEasyI am so so sorry you are going through that.
Did you have retirement savings before the heat attack? How about insurance with a max you’d have to pay?
I put money into my 401k for decades only to find out I had enough to cover two months of rent. Shits fucked.
Were you putting in a nickel per paycheck? The market has killed it over the last 30 years, even with a relatively low contribution, if you contributed consistently for 30 years you should have way more than that
You go tell my 401k account that.
Either you weren’t contributing for decades, or you literally only contributed $10-$20/mo for ~30 years. If your job provides a 401k option, with tax write-offs and everything else you should have been contributing a lot more to maximize its future utility. This is assuming your employer wasn’t even matching.
Either you aren’t telling us the full details, or you haven’t fully been contributing for decades.
Third option- their rent is $50K per month.
When your bedroom is the Kapua Suite in Hawaii.
4th option: They don’t know how a 401k works.
I don’t even know what that is, man. I worked, I didn’t play with stocks.
4th option confirmed. Everyone that has a 401k in some capacity, and isn’t sure how they work, please go check your 401k elections right now. It isn’t really “playing stocks” but just putting it somewhere that isn’t cash equivalent. Otherwise your money is depreciating in value from inflation. This is your chance to learn drom WarmSoda’s mistake and hopefully will keep you from making the same mistake!
Figured. A lot of people just straight believe everything they are told and remain ignorant to how things work. If your job offers any type of benefits, fucking read all of the documentation and if you don’t understand something, ASK QUESTIONS! So many people I work with are oblivious to some benefits available to them and when I try to explain, “hey this one thing is basically free money”, they shrug it off. Whatever, your loss.
You know what you should do? Instead of heading our warnings you should attack us and tell us we’re wrong.
Look stranger, no one is saying you’re wrong to call out the problems with the economy. Everyone is on your side there.
They’re saying that you personally made a mistake, and that’s one that other people can and should avoid for themselves. If after 45 years you REALLY TRULY only have like $2k USD in your retirement account then you messed up somewhere. That’s almost impossible the way compounding interest works.
Many 401ks are not actually invested by default, it’s up to the account holder to assign those funds themselves. Guessing that’s what happened to you. Unfortunately this isn’t widely known for some reason and companies don’t bother to educate employees about it.
I too enjoy blaming the victim. Thumbs up.
But how? Share some statements or something. This is wild.
I’m guessing they didn’t opt in to invest the money anywhere and let it sit in the account not building anything
I made that mistake with my HSA for a while. I didn’t realize it was like an IRA.
People can be 2 things. You can be a victim and be a lying, fucking idiot.
Glad you’re not strangely getting upset over something that has nothing to do with you
Who’s upset?
Someone that’s replying multiple times to different conversations in the same thread with name-calling and accusations would be.
I hope your life gets better.
I hope your life gets better.
Who’s name calling? Who’s replying multiple times?
You should speak with a professional therapist my man.
Is the name caller here in the room with you now?
The projection is strong here
Who’s projecting?
You’ve literally followed me around this past replying with insults. You do realize other people can see your comments, right?
lol what the hell are you trying to say? If I’m harassing you, you’re welcome to block me.
Who’s name calling? Who’s replying multiple times?
Are you 8 years old man? What the fuck
Truth hurts I guess. Poor baby.
What the fuck are you talking about? Are you just pissed and taking it out on everyone in this thread? Do you think I’m stalking you?
I mean sorry about being poor but idk what the fuck you have against me.
You were certainly putting in minimums. You should be aiming for 10%-15%.
how the fuck do you set aside 15% of your paycheck to invest in something you won’t see for another third of a century? you mansa musa or something?
I am so confused here–this is what you do to prepare for the future. I guess you could blow it on women or something.
no i mean who HAS 15% of their paycheck available to spend
Most people here decided they’re better than those with less money than them and it’s fine to blame those less fortunate for “thier mistakes”. It’s pretty depressing.