Who can tell me sth about the American Dream

[garnet]

Originally Posted by lookout123

not if you are doing what you are supposed to do and saving and investing for your retirement years. the people who didn't save and invest rarely get a comfortable retirement at any age, during any time period.

so on that note, what are you doing to prepare for your retirement?

I put money from every paycheck into a 401k, just like I should. Is that the answer you're looking for? The money I put into Social Secuity will be spent by the time I retire. I'm not relying on it, trust me.

You seem to ignore the fact that people retiring today have their savings PLUS social security. My mom has a bit of savings, and gets something like $1,200 a month in SS. She's not hurting. Calculate that $1,200 into 2035 dollars and see how much that is that people my age won't be getting.

[lookout123]

Originally Posted by garnet

Calculate that $1,200 into 2035 dollars and see how much that is that people my age won't be getting.

and that is ok. social security wasn't meant to last forever and it wasn't meant to pay as many people as it does for as long as it does.
they are going to have to raise the ss eligibility age to even give it a chance at surviving but good luck to the politician who puts his name on that bill.

I put money from every paycheck into a 401k, just like I should. Is that the answer you're looking for?

believe it or not - not every comment is intended to draw you into a fight. it was simply a question. your 401K and your Roth are the cornerstones of your retirement. if you are not taking full advantage of these options you are really missing the boat. yes, i understand that budget constraints do exist. but if at all possible everyone should fund these 2 items at least, even if only $25 monthly goes into the Roth to start. planning for your retirement is more about habit than it is dollar amounts.