“So what lessons can be drawn from the findings? In general, if you’re single you’ll need to accumulate much more in your nest egg than your married counterparts...”
Or, just vote for a Democrat.
a study—described by one expert as the most intriguing
A fool could figure this out... TWO People working
If a couple has only saved 125K by their late 60’s they must have been living way above their means for a long time
WHAT GOOD IS A NEST EGHG THAT EARNS LESS THAN 1% INTEREST.
You will eat up the principle in 3 years and be on welfare after you sell your house to a reverse mortgager.
If you are single, what do you need a life insurance policy for? To settle any outstanding debts? AD&D (dismemberment without death)?
Who cares? If you scream loud enough, the government will give you more subsidies — food stamps, free medical, free transportation. And they’ll pressure your bank to let you stay in your house without paying the mortgage if you still have one. And how will Uncle Sam pay for it? By confiscating the 401Ks of those poor suckers who actually did save for retirement. “Ant and Grasshopper” in reverse.
You may be able to settle your debt to the government if you have organs healthy enough to be harvested.
And that considers fairly substantial salary increases because I had the luxury of working jobs which didn't pay very well but were fun when I was single.
And that considers fairly substantial salary increases because I had the luxury of working jobs which didn't pay very well but were fun when I was single.
Depends. One person supporting 2-5 people and then saving for retirement to support two people in retirement is harder than one single saving for retirement.
I tell my kids all the time God created the concept of family for a reason - it is the best social, medical, old-age, welfare and retirement insurance that exists, or will ever exist.
Depends. One person supporting 2-5 people and then saving for retirement to support two people in retirement is harder than one single saving for retirement.
Is this why queers want to marry? Will it instantaneously make them financially responsible? Inquiring minds want to know.
Who has money for retirement? The govt and Obama has taken it all. They find out you have an extra $10.00 laying around they pass another stupid bill or law to take it away from you.
Late last year I was in line behind two gentlemen who appeared to be in their mid-60's. One was boasting to the other that he just retired, and was putting his nest egg of $6,000 that week into buying Apple stock (at the time over $600 a share). He figured the rising value would take care of him for the future. I shuddered at the thought, because $6G is nothing to me but that's all he had. Less than six months later Apple dropped to $400 a share. Hope he didn't have a heart attack, losing a third of his life savings. Stock investing is gambling! For the young, not old geezers unless you diversify into different assets.
Of course when you get divorced, you split up your grubstake 50/50, then the guy has to pay alimony and child support.
For twenty years of my life, from age 28 to 38, for every dollar raise, after tax, alimony, and child support, I got to keep 5 cents! Kinda hard to develop another grubstake for myself!
If only we had “means testing”, then all us knuckleheads who lived frugal lives and saved for retirement - - while passing up the fancy cars, gourmet restaurants, and lavish vacations - - could sacrifice our social security so that people who never save a nickel and maxed out their credit cards and lived like movie stars can have comfortable retirements.
Most income tax breaks are specifically designed to benefit married couples with kids.
Single people who make a middle-class income and with no kids get taxed the maximum amount and it's really hard to save anything when approximately 50% of your income is instantly grabbed for federal (25%) and state income tax (8%), social security and medicare taxes (7%), states sales tax (6%), gasoline taxes, property taxes, excise taxes, etc.
I've seen newly graduated single people employed on their first real job go into "sticker shock" when they see how much is withheld from their paycheck. A few have cried.
“I’m eatin’ right and I’m livin’ good.
Doin’ everything I said I would.
I bet you never thought I’d really go.
I’d never get as far as Mexico.”
http://www.youtube.com/watch?v=t6_qu1ODjEg