Life How does your retirement funding work? - Page 3

**Rain Man** · 10-22-2012, 11:27 AM

Excluding social security, what's your deal on retirement funding? The poll will take a few minutes for me to put up, but the delay is primarily to compound your interest in the topic.

rageeumr · 10-22-2012, 04:05 PM

I put all my money into waffles.

**DaKCMan AP** · 10-22-2012, 04:43 PM

Quote:

Originally Posted by HemiEd

Pension? I am surprised by this, congrats for finding one of those in your generation.
They are pretty much non-existent for our generation.
Government job?

I got in at the end. I think new employees now either don't get it or get a smaller cut. It's not a pension in the like of an annuity, but a lump sum based upon years of service & highest average salary.

WV · 10-22-2012, 05:00 PM

Quote:

Originally Posted by King_Chief_Fan

I have a defined benefit plan and a defined contribution plan (401k).
Not many companies offer both any more

Same here.

Psyko Tek · 10-22-2012, 06:42 PM

death

10-22-2012, 07:19 PM

My family court lawyers in two states seemed to have liked my 401k retirement funds just fine. I bought one of them a 911 and one of them a boat.

KCFaninSEA · 10-22-2012, 08:33 PM

.I have a defind pension account fully paid for by my employer. It is a multi employer pension plan that is about 95% funded and at retirement age of 54 I could get about $5000 a month until I die. I will probably work a few years past that age and continue to build that account

GloryDayz · 10-22-2012, 08:37 PM

I'm married with kids therefore it's not really mine, so I don't really worry about it too much! I could have a trillion dineros and still be told if it's what I want, there's no coin for it. I hate CHunt!

10-30-2012, 12:10 AM

Retirement is really being more like a tire, it is being retreaded because now you can do exactly what you were born to do. Whether that be volunteer work, owning and managing assets, travel, enjoying life, enjoying family, going on a mission trip, or all of the above

Inspector · 10-30-2012, 06:42 AM

My employer matched 18% of my 401k contributions for those 30+ years I worked there - rolled over to an IRA. I have a very nice pension and some dough put away. No debt and all that. I don't plan on working again but maybe I will if I get bored enough - which I won't. And yeah, my kids will never get a pension. Those are probably mostly going away for good. The company I worked for doesn't pay pensions for the younger new hires anymore. Us old farts still get it .

I thought my company was built by the stock holders / owners. I heard the other day that it wasn't.

BlackHelicopters · 10-30-2012, 07:06 AM

What is Social Security?

tredadda · 10-30-2012, 08:08 AM

Defined pension+Roth IRA+TSP+Stocks and possibily disability. I am also hoping to get some investment properties when I retire from my first job and depending on what my next employer offers, that as well.

Hog's Gone Fishin · 10-30-2012, 10:23 AM

20 rental properties will bring me in around $15,000 a month . They're 75% paid off and I will retire at 55. Real Estate is the best way to go ! And I can always sell sperm on the side.

And I don't have any IRA's , savings , nothing . EVERYTHING goes into paying off the rentals.

R8RFAN · 10-30-2012, 10:26 AM

I have a 401k + Pension + Solid income from a business venture

HonestChieffan · 10-30-2012, 10:59 AM

401k, pension, post retirement 2 business ventures. probably work till I want to fish, hunt, sleep, or give a shit about the Chiefs again.

**MahiMike** · 10-30-2012, 11:02 AM

I'll never trust a 401K again. I have my own self-directed IRA that I buy stocks and real estate thru. I get tax-free rental income.

View Poll Results: Which of the following best describes your retirement funding plan?
I will get a defined benefit from my employer, and contribute no money myself.	4	4.88%
I will get a defined benefit from my employer, and contribute some of the money myself.	8	9.76%
I will get a defined benefit from my employer, and contribute all of the money myself.	3	3.66%
I contribute money to an account through my employer, but my employer puts money in regardless.	5	6.10%
I contribute money to an account through my employer, and my employer matches some of that money.	38	46.34%
I contribute money to an account through my employer, but my employer does not match any of that money.	6	7.32%
I have no employer plan and handle my retirement funding on my own.	7	8.54%
Retirement funding? Bah. I plan to sell plasma, sperm, and any organs that I have two of.	10	12.20%
The trust fund my parents gave me pretty much negates the need for a retirement plan.	0	0%
I have other earned income cash flows that eliminate the need for a specific retirement fund.	1	1.22%
Voters: 82. You may not vote on this poll

10-22-2012, 11:27 AM
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $3348491 VARSITY	How does your retirement funding work? Excluding social security, what's your deal on retirement funding? The poll will take a few minutes for me to put up, but the delay is primarily to compound your interest in the topic.
Posts: 141,261

10-22-2012, 04:05 PM	#31
rageeumr Veteran Join Date: Apr 2005 Location: St. Louis :( Casino cash: $9989900	I put all my money into waffles.
Posts: 2,313

10-22-2012, 06:42 PM	#34
Psyko Tek special teams Join Date: Aug 2003 Location: Mesa AZ Casino cash: $10015665	death __________________ Psyko Tek The keyboard has been drinking,
Posts: 12,018

10-22-2012, 07:19 PM	#35
Phobia Guest Casino cash: $	My family court lawyers in two states seemed to have liked my 401k retirement funds just fine. I bought one of them a 911 and one of them a boat.
Posts: n/a

10-22-2012, 08:33 PM	#36
KCFaninSEA Starter Join Date: Oct 2012 Location: Seattle, WA Casino cash: $10005813	.I have a defind pension account fully paid for by my employer. It is a multi employer pension plan that is about 95% funded and at retirement age of 54 I could get about $5000 a month until I die. I will probably work a few years past that age and continue to build that account
Posts: 346

10-22-2012, 08:37 PM	#37
GloryDayz (Sir/Yes Sir/Aye Aye Sir) Join Date: Oct 2009 Location: Diving Casino cash: $3555380	I'm married with kids therefore it's not really mine, so I don't really worry about it too much! I could have a trillion dineros and still be told if it's what I want, there's no coin for it. I hate CHunt! __________________ . #President Trump loves and supports the constitution #McCarthy is a Sellout and Traitor to America #The FBLieIsCorrupt #DefundTheFBI #The FBI Is Not The Police #PresidentBidenIsMoronic #LizCheneyGotTheBoot #FJB #80,000,000 Mules (and a few Americans too) Voted For COVID To Continue #I still don't have COVID
Posts: 115,413

10-30-2012, 12:10 AM	#38
Mack Guest Casino cash: $	Retirement is really being more like a tire, it is being retreaded because now you can do exactly what you were born to do. Whether that be volunteer work, owning and managing assets, travel, enjoying life, enjoying family, going on a mission trip, or all of the above
Posts: n/a

10-30-2012, 06:42 AM	#39
Inspector MVP Join Date: Jan 2004 Location: K.C. Casino cash: $9924975	My employer matched 18% of my 401k contributions for those 30+ years I worked there - rolled over to an IRA. I have a very nice pension and some dough put away. No debt and all that. I don't plan on working again but maybe I will if I get bored enough - which I won't. And yeah, my kids will never get a pension. Those are probably mostly going away for good. The company I worked for doesn't pay pensions for the younger new hires anymore. Us old farts still get it . I thought my company was built by the stock holders / owners. I heard the other day that it wasn't.
Posts: 7,907

10-30-2012, 07:06 AM	#40
BlackHelicopters Spiraling down the Drain Join Date: Oct 2012 Location: Dante's Ninth Circle Casino cash: $2740588	What is Social Security? __________________ "We're both part of the same hypocrisy, Senator, but never think it applies to my family." "Fredo. You are my brother, and I love you. But never take sides against the Family again. Ever." 2019 Adopt a Chief - Travis Kelce #87
Posts: 31,661

10-30-2012, 08:08 AM	#41
tredadda Three-Pat Join Date: May 2011 Location: Colorado Springs Casino cash: $1895053	Defined pension+Roth IRA+TSP+Stocks and possibily disability. I am also hoping to get some investment properties when I retire from my first job and depending on what my next employer offers, that as well.
Posts: 16,974

10-30-2012, 10:23 AM	#42
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $1730477	20 rental properties will bring me in around $15,000 a month . They're 75% paid off and I will retire at 55. Real Estate is the best way to go ! And I can always sell sperm on the side. And I don't have any IRA's , savings , nothing . EVERYTHING goes into paying off the rentals.
Posts: 40,331

10-30-2012, 10:26 AM	#43
R8RFAN Molôn Labé Join Date: Sep 2001 Location: North Carolina Casino cash: $8566872	I have a 401k + Pension + Solid income from a business venture Last edited by R8RFAN; 10-30-2012 at 11:03 AM..
Posts: 23,164

10-30-2012, 10:59 AM	#44
HonestChieffan Seeking the Truth daily Join Date: Jan 2006 Location: In the Country in MO Casino cash: $2254309	401k, pension, post retirement 2 business ventures. probably work till I want to fish, hunt, sleep, or give a shit about the Chiefs again. __________________ “Make no mistake. If you try anything to raise the cost of vishessavatubs, I will veto it.” - Joe Biden, SOTU 2023
Posts: 53,328

10-30-2012, 11:02 AM	#45
MahiMike He's Mahomie! Join Date: Aug 2001 Location: Jax, FL Casino cash: $10023443	I'll never trust a 401K again. I have my own self-directed IRA that I buy stocks and real estate thru. I get tax-free rental income. __________________ 99.9%
Posts: 17,387