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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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20906896 No.20906896 [Reply] [Original]

What percentage of your check do you put into your retirement account?

>> No.20906911

100%

>> No.20906922

>>20906911
er, then how do you live

>> No.20906928

About 10% per annum

>> No.20906932

>>20906896

4% matched by company I work for. It's not enough.

>> No.20906934

>>20906896
My retirement account aka link tokens>>20906911

>> No.20906969

>>20906896
>retirement account
>already planning to be old and dying
Ngmi

>> No.20907008

>>20906896
20% then the rest goes into crypto.

>> No.20907032

>>20906896
0% as retirement funds are going to get fucking emptied with the ticking time bomb that western nations are.

>> No.20907044

>>20907032
explain more...how would my account be "emptied" against my will?

>> No.20907082

>>20907044
He's probably referring to pension funds, which basically no one younger than a boomer even has. Rest of us have roth IRAs, 401ks, etc that are just money put into investments.

>> No.20907133

10% into 457 pre tax. Then 40% net income into crypto. I keep my expenses low.

>> No.20907220

>>20907044
What do you think your retirement fund is? Just money put aside waiting for you?

We have increasing life expectancy, aging population and a demographic shift that is increasingly less financially productive alongside political shifts to less rights and more economic redistribution. Your retirement fund isn't going to see the light of day.

>> No.20907225

>>20907044
They'll tax the shit out of it.

It'll be pushed as a wealth tax on trillionaires, but will actually hoover up money in 401ks, Roth IRAs, or whatever your government has.

>> No.20907257

>>20907082
I am, other plans are fine.

>> No.20907266

>>20906896
All in crypto faggot

>> No.20907281 [DELETED] 

>>20906896
0%. I'm not a wagie and plan on being set for life within 2-5 years. I save 80%+ of my income though.

>> No.20907443

0. All in on crypto. I dont pay my bills and morgage. My tenant pays my bills and morgage.

>> No.20907492

>>20907032
I think he must be talking about social security

>> No.20907518

>>20906896
Nothing lol. I don't even want to be working a wagie job long enough to justify something like that. When I make it I won't have to worry about anything like that.

>> No.20907533

>>20907032
This. Fuck stocks. It's all about gold and BSV. That said I still contribute to a 401k just incase.

>> No.20907561

>>20907044
>how would my account be "emptied"
Inflation. Welcome to communist fractional reserve banking.

>> No.20907938

>>20906896
With match, 25% baby

>> No.20907961

>>20906896
Retirement account? You mean link?

>> No.20908004

>>20906969
Based

>> No.20908515

>>20907938
how much you have saved up so far

>> No.20908555
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20908555

its 50% PMs 50% crypto

I dont put money in the kike ponzi scheme

>> No.20908569

I max out my 401(k), Roth IRA, and put 10% of my pay toward the employee stock purchase plan that my company offers. I wind up taking home only $1,100 a pay period after all that.

>> No.20908596

Defined Benefit Pension. About 1000.00 a month.

>> No.20908605

>>20908569
Where do you live? $1,100 is a lot in some states, unliveable in others

>> No.20908610

>>20907257
pensions are irrelevant to talk (in terms of getting money from one) about since they're not even available anymore. The only thing to discuss with them is that they were given out during the boomers' time back when there was boundless prosperity, and that shit got grandfathered, so now everyone else has gotten shafted as a consequence of companies needing to keep the pensions going for boomers.

>> No.20908650

>>20908605
Massachusetts. It would be unlivable if I lived in my own. My base salary is $72k. I’m 26 and still live with my parents. I figure I might as well take full advantage of it. I’ve saved a decent amount. I’m hoping to move out by the time I turn 30. So I have four more years to keep doing this.

>> No.20908720

>>20906969
Nice.

>> No.20908747
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20908747

>>20906922
he eats tendies

>> No.20908749

>>20908650

You're doing really well anon. Im a 30 yo boomer at home right now and only just got my shit together in the past few years, so I'm working an entry level IT gig for 35k a year.

MA is UNLIVABLE unless you're pulling 60k, and then you're waging for life with little to no savings.

I managed to bank close to 20k and plan on going to Idaho when the big market correction hits.

>> No.20908766

>>20906896

i was putting 15%, but I'm unemployed now and I put my gibs check in crypto

>> No.20908807

>>20908749
Best of luck man. Yes, Massachusetts is prohibitively expensive. I wouldn’t recommend this state to anyone. The only good part is good hospitals and colleges. I only plan on staying here because my family is here.

>> No.20908856

>>20906969
lmao this anon gets it

>> No.20909323

Lol, my "retirement account" is crypto. We should never trust the government and the fiat system, cuz by the time we'll reach retirement our hardworked money will be worth nothing with all this inflation happening right now.

>> No.20909341

8 percent since that gives me the 4 percent match from my company. It's not that much. If you can't afford to contribute to a 401k you're poor. Simple as

>> No.20909375

>>20906896
Enough to add $19,500 into my 401k this year. It's not bad compared to the $175k I'll gross this year.

>> No.20909400
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20909400

>>20906896
>retirement account

>> No.20909403
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20909403

0%

50% of net income goes into my trading account, have a (solvent) pension, so don't see the point of locking capital in a retirement account

>> No.20909421

We're the ones to catch the next bullmarket from the beginning, riding the DeFi hype and making gains that the normies only dream about.
We don't need a state guaranteed "retirement fund" unless we're dumb enough to spend away all our crypto fortune instead of investing it.
My plan is to invest some of the profits into real estate, and possibly stable coins that generate interest.

>> No.20910348
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20910348

>>20906911
This.
My gf pays all the bills, I invest in crypto and guns.

>> No.20910391

>>20906896
50%

Not even joking.

>> No.20910572

>>20910391
why so much

>> No.20910621

>>20910572
yda fuq naut

>> No.20910629

>>20907225

Don't forget that social security you were forced to pay into for forty years, which you probably won't get unless you're a single mother, nigger, or illegal.

>> No.20910648

10% to maximize my company match and because I make 150k a year and that money would get eaten up in a higher tax bracket

>> No.20910703

>>20910648
I make 230k per annum. Did the math my coin portfolio will offset any tax penalties. Do more research.

>> No.20910784

>>20906896
About ten percent and another ten percent in taxable accounts.

>> No.20910828

>>20910703
Hedge, anon. 20% of my salary goes to high risk plays such as crypto and stonks

>> No.20910857

Retirement account? You think I make enough money to have one of those?

>> No.20910929

>>20906969
>>20907518
This
I either make it or die. I don't care to save up to live my last 10 years as a crippled old NEET.

>> No.20911630

>>20910857
Maybe try getting a real job?

>> No.20911757

>>20906969
this I'm not gonna start saving for my funeral yet, fuck that shit

>> No.20912141

>>20906896
15%. Max it out, you'll thank yourself when you're 65.