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

**Phobia** · 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.

theelusiveeightrop · 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 Farmer · 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.

R8ers · 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 Welcome, Eric Fisher & Friends Join Date: Jul 2001 Location: 1.61 KM high city Casino cash: $62676515	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: 66,605

10-22-2012, 04:05 PM	#31
rageeumr Veteran Join Date: Apr 2005 Location: Oooooooooolathe Casino cash: $304918	I put all my money into waffles.
Posts: 2,073

10-22-2012, 06:42 PM	#34
Psyko Tek special teams Join Date: Aug 2003 Location: Mesa AZ Casino cash: $1083738	death __________________ Psyko Tek
Posts: 7,983

10-22-2012, 07:19 PM	#35
Phobia Together is Powerful Join Date: Aug 2000 Location: KCMO Casino cash: $2115225539	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: 52,470

10-22-2012, 08:33 PM	#36
KCFaninSEA Starter Join Date: Oct 2012 Location: Seattle, WA Casino cash: $6529	.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: 166

10-22-2012, 08:37 PM	#37
GloryDayz Clark, do the right thing(s).. Join Date: Oct 2009 Location: Lee's Summit, MO Casino cash: $75006	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! __________________ Come on Clark Hunt, you can do this... Glass is doing shit over at the K, so if you do something awesome here, this city could go back to having awesomeness abounding in it's teams (and lots of support from the fans too). Come on buddy, do this thing...
Posts: 10,366

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: $26545	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: 6,344

10-30-2012, 07:06 AM	#40
theelusiveeightrop 2thdoc Join Date: Oct 2012 Location: Dante's Ninth Circle Casino cash: $22635	What is Social Security? __________________ "We're both part of the same hypocrisy, senator, but never think it applies to my family."
Posts: 4,557

10-30-2012, 08:08 AM	#41
tredadda Moustakas FTW Join Date: May 2011 Location: Ft Collins, Co Casino cash: $31354	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: 3,203

10-30-2012, 10:23 AM	#42
Hog Farmer Good Donkey = Dead Donkey Join Date: Nov 2001 Casino cash: $5081865	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: 12,701

10-30-2012, 10:26 AM	#43
R8ers Molôn Labé Join Date: Sep 2001 Location: North Carolina Casino cash: $1030913	I have a 401k + Pension + Solid income from a business venture __________________ Chiefs are a playoff team this year...deal with it. -PGM 05/17/13 Last edited by R8ers; 10-30-2012 at 11:03 AM..
Posts: 16,274

10-30-2012, 10:59 AM	#44
HonestChieffan Hoffa called me an SOB Join Date: Jan 2006 Location: In the Country in MO Casino cash: $1220479	401k, pension, post retirement 2 business ventures. probably work till I want to fish, hunt, sleep, or give a shit about the Chiefs again. __________________ "The best time to sell peanuts is when the circus is in town."
Posts: 21,906

10-30-2012, 11:02 AM	#45
MahiMike Good Luck Andy! Join Date: Aug 2001 Location: Jax, FL Casino cash: $60487	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. __________________ Relax. We'll re-sign Bowe and Albert then draft Milliner. We'll be top 10 in offense and defense...someday.
Posts: 6,590

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