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Treasured Social Butterfly
Posts: 19,478
Registered: ‎12-25-2011

Re: How much do you need for a comfortable retirement?

Message 11 of 142 (7,013 Views)
retiredtraveler wrote:

 

   No semantics won't change anything. Facts will. The average American gains about 25%-33%  in benefits over what is paid in. That is an entitlement. I'm on medicare, and happy to be so. But I'm perfectly aware that the odds are that I will be getting an entitlement, or welfare, if you like.


That's not really accurate, if you factor in the interest you would have earned, had you saved the amount paid in to SS all those years. In the years when we had high interest rates, it didn't take that long for savings to double in value .. so money that was paid in when I started working back in 1973, should have gained a lot more than 25 - 33% by now!

 

"The Rule of 72"


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Trusted Social Butterfly
Posts: 7,094
Registered: ‎02-14-2008

Re: How much do you need for a comfortable retirement?

[ Edited ]
Message 12 of 142 (6,977 Views)

Please stop referring to Soc. Sec. and Medicare as "entitlements".  These are things we have paid in to all our working lives.  Semantics will not change the FACT that we are owed our payments.

 

   No semantics won't change anything. Facts will. The average American gains about 25%-33%  in benefits over what is paid in. That is an entitlement. I'm on medicare, and happy to be so. But I'm perfectly aware that the odds are that I will be getting an entitlement, or welfare, if you like.


Just think. The world was built by the lowest bidder.
Info Seeker
Posts: 1
Registered: ‎03-23-2012

Re: How much do you need for a comfortable retirement?

Message 13 of 142 (6,500 Views)

Please stop referring to Soc. Sec. and Medicare as "entitlements".  These are things we have paid in to all our working lives.  Semantics will not change the FACT that we are owed our payments.  Why not address the real problem--that the representatives of our country changed the rules in the middle of the game by using the money we paid in for all the other things they wanted.  Such as huge raises for themselves and their own free health care.  

Info Seeker
Posts: 1
Registered: ‎07-18-2014

Re: RE: How much do you need for a comfortable retirement?

Message 14 of 142 (3,396 Views)

1 think about $255,00 might be enough since i am 74 now.

Info Seeker
Posts: 1
Registered: ‎06-23-2015

Re: RE: How much do you need for a comfortable retirement?

Message 15 of 142 (3,295 Views)

Enough to self insure for you and your spouse.

Info Seeker
Posts: 1
Registered: ‎07-21-2012

Re: RE: How much do you need for a comfortable retirement?

Message 16 of 142 (3,249 Views)
1 million
Treasured Social Butterfly
Posts: 19,478
Registered: ‎12-25-2011

Re: How much do you need for a comfortable retirement?

Message 17 of 142 (2,244 Views)

In the "everything is relative" category, after a conversation with friends, I looked on Realtor.com, for a 2 BR, 2 BA condo/co-op in Manhattan, in a newer building. At the lower end of the price range, I only found 1 listing not in Harlem .. in the east 20s. The price was $1.195 million, with monthly maintenance fee of $2,500! So much for moving back from the suburbs to a trending urban setting!


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Info Seeker
Posts: 1
Registered: ‎02-06-2013

Re: How much do you need for a comfortable retirement?

Message 18 of 142 (2,244 Views)
2500.00
Info Seeker
Posts: 1
Registered: ‎05-27-2015

Re: RE: How much do you need for a comfortable retirement?

Message 19 of 142 (2,318 Views)

1,000.000

Treasured Social Butterfly
Posts: 19,478
Registered: ‎12-25-2011

Re: How much do you need for a comfortable retirement?

Message 20 of 142 (2,318 Views)

It takes more than $1,100/month just to pay my property tax! Add in basic utilities & TV, medical insurance, and it's almost $2,100. That doesn't include homeowners or auto insurance, or food!


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