Comments on: We’re Doomed – How I’m going to save myself http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/ Just tidbits about money and finance. Thu, 18 Mar 2010 03:18:22 -0500 http://wordpress.org/?v=2.9.1 hourly 1 By: » Weekly Blog Roundup on Consumerism Commentary: A Personal Finance Blog http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/comment-page-1/#comment-6904 » Weekly Blog Roundup on Consumerism Commentary: A Personal Finance Blog Mon, 22 Jan 2007 01:58:35 +0000 http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/#comment-6904 [...] Mapgirl’s Fiscal Challenge explains how she’ll help herself afford her own post-retirement healthcare. [...] [...] Mapgirl’s Fiscal Challenge explains how she’ll help herself afford her own post-retirement healthcare. [...]

]]> By: Bro http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/comment-page-1/#comment-6821 Bro Thu, 18 Jan 2007 22:27:47 +0000 http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/#comment-6821 My rule of thumb is that that Social Security will not be there for me when I retire. Infact I think when I retire, the Social Security program will be studied like the manifest destiny policy of the 1800's. So I made the decision to max at least 401(k) contribution about a year ago. Funny thing is I got one of those social security statements a few weeks ago. Says I am eligible get a little over $1900 a month, if I an retirement age. I'll believe it when I see it :) My rule of thumb is that that Social Security will not be there for me when I retire. Infact I think when I retire, the Social Security program will be studied like the manifest destiny policy of the 1800’s.
So I made the decision to max at least 401(k) contribution about a year ago.
Funny thing is I got one of those social security statements a few weeks ago. Says I am eligible get a little over $1900 a month, if I an retirement age. I’ll believe it when I see it :)

]]> By: CreateCashflow http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/comment-page-1/#comment-6820 CreateCashflow Thu, 18 Jan 2007 22:06:16 +0000 http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/#comment-6820 It is a scary situation. I just finished reading "why we want you to be rich" by Trump & Kiyosaki, and their analysis of the economic situation is also very frightening. I do believe we can work together to solve our financial problems... the truth is the answers are out there... but it all starts with some financial education. I've enjoyed your posts. Great work. It is a scary situation. I just finished reading “why we want you to be rich” by Trump & Kiyosaki, and their analysis of the economic situation is also very frightening. I do believe we can work together to solve our financial problems… the truth is the answers are out there… but it all starts with some financial education. I’ve enjoyed your posts. Great work.

]]> By: Clever Dude http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/comment-page-1/#comment-6816 Clever Dude Thu, 18 Jan 2007 19:39:26 +0000 http://www.mapgirl.net/mfc/2007/01/18/were-doomed-how-im-going-to-save-myself/#comment-6816 Honestly, I accept the fact that I will never see the FICA contributions taken out of my paychecks for the last 12 years (and the next 35 years at this rate). However, I don't think that I'm losing out on those contributions and here's why: My parents are paid hourly. My dad is a local truck driver and my mom works at a hospital. My mom MAY have a pension, but my dad pretty much has nothing. What does that mean? My taxes will be financing my parents "retirement", since they wouldn't get one any other way. Sure, my money isn't going into a bank account created by the SSA specifically for Mr. and Mrs. Dude, but I like to think it's going directly to them. Oh, and to my Grandma too. Honestly, I accept the fact that I will never see the FICA contributions taken out of my paychecks for the last 12 years (and the next 35 years at this rate). However, I don’t think that I’m losing out on those contributions and here’s why:

My parents are paid hourly. My dad is a local truck driver and my mom works at a hospital. My mom MAY have a pension, but my dad pretty much has nothing. What does that mean?

My taxes will be financing my parents “retirement”, since they wouldn’t get one any other way. Sure, my money isn’t going into a bank account created by the SSA specifically for Mr. and Mrs. Dude, but I like to think it’s going directly to them. Oh, and to my Grandma too.

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