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Author Topic: How much should you have in your pension?  (Read 477 times)

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Offline hmgROCK

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Re: How much should you have in your pension?
« Reply #15 on: April 26, 2021, 10:41:48 AM »
Pension and 401K are used interchangeabl y these days.  Rarely do companies offer true pensions.  When I and others say "pension", that can be referred to a matching 401K account, a true classic pension account, or a person's individual IRA account.

the correct answer is:  $1,000,000 cash equil... you can just live and eat on the interest alone
i say $500,000 minimum....  but that going be cutting it





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Offline Cali Guy

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Re: How much should you have in your pension?
« Reply #16 on: April 26, 2021, 11:02:19 AM »
One more thing I want to add, the one speaking the loudest is not a cfp. You know the sort, said he wants to help but how can he when he canít even help himself.



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Offline hmgROCK

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Re: How much should you have in your pension?
« Reply #17 on: April 26, 2021, 11:21:49 AM »
Heard you public worker get good pension???


Sucky i can barely hold down a job sometimes
So only them shytty 401k that roll over to every new employer


Sometimes no 401k at all



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Offline hmgROCK

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Re: How much should you have in your pension?
« Reply #18 on: April 26, 2021, 11:42:22 AM »
One more thing I want to add, the one speaking the loudest is not a cfp. You know the sort, said he wants to help but how can he when he canít even help himself.

Donít worry about me, bro
I got plenty of food
You say you are rich but canít kill cow for your parents


all hat, all cattle here



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Offline theking

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Re: How much should you have in your pension?
« Reply #19 on: April 26, 2021, 04:27:52 PM »
I canít offer you first hand experience on pension but must warn you to be wary about taking advices from the unemployed that is not even qualified to clean toilets. You might be in a better position to give us info on pensions if you actually are contributing.

 ;D ;D ;D



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Offline theking

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Re: How much should you have in your pension?
« Reply #20 on: April 26, 2021, 04:30:35 PM »
One more thing I want to add, the one speaking the loudest is not a cfp. You know the sort, said he wants to help but how can he when he canít even help himself.

 ;D ;D ;D

I remembered when he donated "$5" to four Hmong funerals in Fresno and he bragged the "loudest" about it and even his closest bromance called him out on it..THAT IS JUST SAD.. ;D:

I'm not about to hate but if you're going to gloat about your contribution, you could at least give a little more than 5 dollars. My standard is 20 bucks.


« Last Edit: April 26, 2021, 04:44:35 PM by theking »

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Offline theking

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Re: How much should you have in your pension?
« Reply #21 on: April 26, 2021, 04:39:12 PM »
Generally speaking it's just NOT a good idea to listen to a LIAR that LIE so much that he even encourages others to "lie" like him so DON'T BE THAT GUY  ;D:

Just lied, dude


« Last Edit: April 26, 2021, 06:37:02 PM by theking »

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Offline Kong Vang

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Re: How much should you have in your pension?
« Reply #22 on: April 26, 2021, 06:16:38 PM »
This link tells you what you should have saved by a certain age: https://www.synchronybank.com/blog/median-retirement-savings-by-age/

These are good numbers, but in reality, your actual figures will vary. Example: Living in Miss vs Cali or living in the USA vs Thailand makes a big difference in how much money is needed. I know these are extreme examples, but it's the reality of things.

A better rule and one that some say is more realistic is the 25 X yearly expense formula. Say you spend 50k a year. 50k X 25 = you will need 1.25 million for retirement. Not so much what you have at each age group, but once you have reach your savings number, you can retire regardless of age.

I have a modest pension provided by work, a 403b and a Roth IRA. For me personally, I am not counting on the pension from work or social security. Once my 403b and my IRA reaches my goal, I will jumping off this 9-5 ride. Social Security and my pension will be gravy if they come into play.




« Last Edit: April 26, 2021, 06:30:18 PM by Kong Vang »

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Offline theking

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Re: How much should you have in your pension?
« Reply #23 on: April 26, 2021, 06:48:08 PM »
Like I've said, just depends on the individual. Even if it's narrowed to a city or area, the "how much" savings is enough to retire on can still vary because individual lifestyle can differ...



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Offline hmgROCK

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Re: How much should you have in your pension?
« Reply #24 on: April 27, 2021, 07:38:51 AM »


I have a modest pension provided by work, a 403b and a Roth IRA. For me personally, I am not counting on the pension from work or social security. Once my 403b and my IRA reaches my goal, I will jumping off this 9-5 ride. Social Security and my pension will be gravy if they come into play.

Damn

Are yall all public worker or something ???
Firefighters, police, social worker, teacher, etc...

 ;D ;D ;D

Wish mcdonald offer a pension too
Hahahahah



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Offline Cali Guy

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Re: How much should you have in your pension?
« Reply #25 on: April 27, 2021, 09:13:23 AM »
;D ;D ;D

I remembered when he donated "$5" to four Hmong funerals in Fresno and he bragged the "loudest" about it and even his closest bromance called him out on it..THAT IS JUST SAD.. ;D:

It wouldnít surprise me if he does it in that fashion in person.



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Offline hmgROCK

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Re: How much should you have in your pension?
« Reply #26 on: April 27, 2021, 09:21:55 AM »
Lol

These same dude who makes fun of my $5 donation
Canít even give out $1 from their heart

Now all of sudden
Out of the blue they going do $500
What a joke


You ainít go no caring bone in that body



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Offline Cali Guy

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Re: How much should you have in your pension?
« Reply #27 on: April 27, 2021, 02:56:55 PM »
The joke is donating $5 and broadcasting to the world or making fun of those who didnít donate, sounds like a disfigurement inside the head.




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Offline theking

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Re: How much should you have in your pension?
« Reply #28 on: April 27, 2021, 04:28:33 PM »

You ainít go no caring bone in that body

Says the guy that had no problems going "underground" to steal from the poor and then "make fun" of them by giving them "spoilage" food..

These "comments" from a neutral PH member nailed it  O0:

What happened to your compassion for others? ;D

Thanks for admitting that youíre stingy.  ;D




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Offline theking

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Re: How much should you have in your pension?
« Reply #29 on: April 27, 2021, 04:30:14 PM »
The joke is donating $5 and broadcasting to the world or making fun of those who didnít donate, sounds like a disfigurement inside the head.



 ;D ;D ;D:

Wow!  Where do you live that there are people like that......push ing each other at the store?  Sounds like next up would be fights and cops called....  :o

What happened to your compassion for others?  Why do you donate to people you donít know?  Who are you trying to impress when you donate?  There are lots of food and you garden so you should share it to the less fortunate.   ;D

And from his closest bromance:

I'm not about to hate but if you're going to gloat about your contribution, you could at least give a little more than 5 dollars. My standard is 20 bucks.

 ;D ;D ;D ;D ;D


« Last Edit: April 27, 2021, 04:32:58 PM by theking »

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