Why do so many people spazz out about the need to “save for retirement” when all these retirees just live off their employer plans and government checks and spend very little if anything?

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49235598)

How big is your mortgage, bro?

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49235606)

I am in a much worse situation.

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49235611)

My Social Security Benefit: 37.96%

Social Security Spousal Benefit: 18.99%

Wife's Pension Benefit: 43.06%

Of that income, it's going to be between 105% and 125% of what we could possibly spend per year (and this includes estimated federal income tax of 22%, Property Taxes that are 50% higher than they currently are, 2.5% of property value for maintenance/repairs, costs for two cars including insurance, over $1,000 a month for food and eating out (which is beyond excessive for 2 people), $1000/mo of random shopping, $30,000 per year for travel (insane budget that we probobaly won't come close to), and $20,000 per annum for healthcare expenses.

So that's an insanely inflated budget for 2 people, the income will be whatever it is, and it will still be more than we need. So we are saving all this money in retirement accounts and while its cool to have some extra flexibility (maybe at some point we will decide to buy more shit or buy a house for kids, or do whatever), it's not really necessary to save for retirement because retirement will just naturally be funded as a consequence of being a fully productive working individual over the course of a lifetime.

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49236101)

and these dumbfurks dont know how to spend so their 1.2k a month SS isnt enough

amerikkkans are just dumb retards with money, no politican wld say that of course

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49235605)

what are the chances u make it to 70? did ur praents

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49235609)

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49235638)

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49235640)

Also because of Gen X the matches suck and the pay sucks for Losers. They never complained about anything and here we are

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49235928)

The employer should just pay the employee more to offset the fact that they need not fund a pension in full. The problem is that Gen X didn’t realize this and Low Pay and No Job Security and Low Matches became normalized.

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49236245)

If you have a pension or any other annuity product, that's just another stream of income. Same as if you had a business that paid you a dividend or profit share that was run by someone else, or an investment of some kind, or your kids give you money, or whatever.

The point remains the same. Retirees are FILTHY FUCKING RICH and have more money than they know what to do with, and you will too under the current scheme.

(http://www.autoadmit.com/thread.php?thread_id=5769713&forum_id=2).#49236121)