How Much are You Investing in Your Retirement? - GoFuckYourself.com

Barefootsies · 07-01-2013, 07:34 AM

Not so long ago the goal was $1-2 million.

Quote:

The discussion on how much and individual needs by the time they retire used to be pretty straightforward. With $1 million in savings, at a 5% interest rate, one could be reasonably assured of having $50,000 in annual income by investing in long-term bonds and simply living off the income. With $2 million, an individual could assume a six-figure annual income without having to dip into principal. (For more on how you can achieve these targets, read How To Save More For Your Retirement.)

Unfortunately, interest rates have been on a steady decline for roughly three decades now. Back in 1980, nominal Treasury Bill rates were roughly 15%, but these days a 30-year Treasury is yielding just over 3%. Lower yields on bonds has made the investing equation in retirement more difficult and was only exacerbated by the credit crisis, which has also served to complicate the manner in which individuals save to have enough to live off in retirement.

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mineistaken · 07-01-2013, 08:16 AM

no pension from government that you need 1$ mill and live from 5% interest?
ps: inflation would eat part of that

bronco67 · 07-01-2013, 08:19 AM

My 401k was doing pretty well, until I had to dip into it.

Retirement is not a luxury that most people can even think of. Most people barely scrape by as it is.

digitalfantasies · 07-01-2013, 08:25 AM

invest as much as you can in bricks... with 2-3 houses one should be able to live decently of rental income.

I will build my first ocean view villa with pool etc this year... flip for profit or rent out and pay for the house with rental income... after that.. repeat

freecartoonporn · 07-02-2013, 11:29 PM

2 mil, at least.

xato · 07-02-2013, 11:57 PM

Quote:

Originally Posted by digitalfantasies

invest as much as you can in bricks... with 2-3 houses one should be able to live decently of rental income.

I will build my first ocean view villa with pool etc this year... flip for profit or rent out and pay for the house with rental income... after that.. repeat

thread closed

MainstreamGuy · 07-03-2013, 12:26 AM

Quote:

Originally Posted by digitalfantasies

invest as much as you can in bricks... with 2-3 houses one should be able to live decently of rental income.

I will build my first ocean view villa with pool etc this year... flip for profit or rent out and pay for the house with rental income... after that.. repeat

You still in the tourism business in the DUTCH Colonies (curacao/aruba/etc) at the Caribbean?

You are doing mad cash with that thing, huh...

BSleazy · 07-03-2013, 12:28 AM

Retirement lol? My dad died three months ago a year after he retired at 60 , mom saved all the money. Both in education.

CurrentlySober · 07-03-2013, 01:10 AM

Quote:

Originally Posted by digitalfantasies

invest as much as you can in bricks... with 2-3 houses one should be able to live decently of rental income.

I will build my first ocean view villa with pool etc this year... flip for profit or rent out and pay for the house with rental income... after that.. repeat

Very good advice.

AllAboutCams · 07-03-2013, 02:57 AM

I dont think i even have $1 saved

JFK · 07-03-2013, 03:06 AM

Quote:

Originally Posted by BCyber

Retirement lol? My dad died three months ago a year after he retired at 60 , mom saved all the money. Both in education.

Sad really, he slaved all his life for the magical retirement, just to end so soon.

idolbucks · 07-03-2013, 07:06 PM

What a shame

Spunky · 07-03-2013, 07:14 PM

I piss all my money away like a drunken sailor

Barry-xlovecam · 07-03-2013, 08:12 PM

The most I can that is tax differed.

Crazy Enough · 07-03-2013, 11:57 PM

Well, sometimes I have to sell my lunch to pay my dinner so the answer is zero, nada.

I don't know for how long I'll be alive so I'm burning all I make while I still can.

07-01-2013, 08:19 AM	#3
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,035	My 401k was doing pretty well, until I had to dip into it. Retirement is not a luxury that most people can even think of. Most people barely scrape by as it is. __________________

07-01-2013, 08:25 AM	#4
digitalfantasies Confirmed User Industry Role: Join Date: Sep 2010 Location: Caribbean Posts: 2,686	invest as much as you can in bricks... with 2-3 houses one should be able to live decently of rental income. I will build my first ocean view villa with pool etc this year... flip for profit or rent out and pay for the house with rental income... after that.. repeat __________________ Last edited by digitalfantasies; 07-01-2013 at 08:27 AM..

07-02-2013, 11:29 PM	#5
freecartoonporn Confirmed User Industry Role: Join Date: Jan 2012 Location: NC Posts: 7,683	2 mil, at least. __________________ SSD Cloud Server, VPS Server, Simple Cloud Hosting \| DigitalOcean

07-03-2013, 12:28 AM	#8
BSleazy Confirmed User Industry Role: Join Date: Aug 2002 Location: USA Posts: 6,721	Retirement lol? My dad died three months ago a year after he retired at 60 , mom saved all the money. Both in education. __________________ icq 156131086

07-03-2013, 02:57 AM	#10
AllAboutCams Femcams.com Industry Role: Join Date: Jul 2011 Location: bjcam.com Posts: 12,220	I dont think i even have $1 saved __________________ Binance - Blockchain and Crypto Asset Exchange Chaturbate make money in cams

07-01-2013, 08:16 AM	#2
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	no pension from government that you need 1$ mill and live from 5% interest? ps: inflation would eat part of that

07-03-2013, 07:06 PM	#12
idolbucks Confirmed User Join Date: Dec 2008 Posts: 914	What a shame __________________ Idol Bucks - always more...

07-03-2013, 07:14 PM	#13
Spunky I need a beer Industry Role: Join Date: Jun 2002 Location: ♠ Toiletville ♠ Posts: 133,919	I piss all my money away like a drunken sailor __________________ *Skype : Spunky GFY*

07-03-2013, 08:12 PM	#14
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	The most I can that is tax differed.

07-03-2013, 11:57 PM	#15
Crazy Enough Confirmed User Industry Role: Join Date: Jun 2011 Posts: 449	Well, sometimes I have to sell my lunch to pay my dinner so the answer is zero, nada. I don't know for how long I'll be alive so I'm burning all I make while I still can.