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42% of Americans are at risk of retiring broke
CNBC ^ | March 6, 2018 | Jessica Dicker

Posted on 03/06/2018 8:30:09 AM PST by C19fan

At this rate, retirement is more of a fantasy than a reality for many people in this country.

About 42 percent of Americans have less than $10,000 saved for when they retire, according to a study by GoBankingRates released Tuesday.

(Excerpt) Read more at cnbc.com ...


TOPICS: Culture/Society; Politics/Elections
KEYWORDS: poverty; retirement; seniors
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To: Buckeye McFrog
More ground prep for Universal Basic Income.

The money fairy says...
PFFFFT!!

23 Trillion$... 230 Trillion$... What's the difference?

"Unsustainable??" Whazzat??

I'm a liberal! I have a license to steal!

121 posted on 03/06/2018 5:46:50 PM PST by publius911 (Am I pissed? You have NO idea...)
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To: eyeamok

Principle... principle... NOT principal


122 posted on 03/06/2018 5:54:50 PM PST by publius911 (Am I pissed? You have NO idea...)
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To: FreedomPoster
How do you protect assets from legal plunder?

Never ever ever ever... did I mention never?

Vote democratic!

123 posted on 03/06/2018 6:13:23 PM PST by publius911 (Am I pissed? You have NO idea...)
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To: kiltie65

a financial analyst I respect said, always take care of family, never send to a home, it is cheaper to pay for care to come in, build on, than to pay for care.


124 posted on 03/06/2018 6:28:29 PM PST by Chickensoup (Leftists today are speaking as if they plan to commence to commit genocide against conservatives.)
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To: Huskrrrr

Watch out for the tax bite. I’ve heard that when you sell a house and buy a cheaper one, you get screwed on taxes.


125 posted on 03/06/2018 7:10:56 PM PST by A_perfect_lady
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To: A_perfect_lady
Watch out for the tax bite. I’ve heard that when you sell a house and buy a cheaper one, you get screwed on taxes.

Can you elaborate on that? That can be interpreted several different ways.

By the IRS?
Inheritance laws?
By state laws?
Some other way?

126 posted on 03/06/2018 7:39:13 PM PST by publius911 (Am I pissed? You have NO idea...)
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To: C19fan

By the time Obamacare is through with me, I will have about $50,000 less in my IRA then I would have had if it never existed.

Going from a $900 Monthly Health Insurance Premium to a $2,100 Monthly Health Insurance Premium has taken its toll on our Finances.

That doesn’t include that yearly $2,500 Check that Obama promised me.


127 posted on 03/06/2018 7:46:54 PM PST by Kickass Conservative ( An Armed Society is a Polite Society. An Unarmed Society is North Korea.)
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To: taxcontrol
I am of the opinion that if the US goes broke, then 100% of the citizens are at risk of going broke as well.

There is a bright side, believe it or not.
If the US goes broke, the first to lose their ill-gotten pensions will be grossly overcompensated elected criminals and federal employees who somehow retire at several times their salaries while employed.

Absolutely deserved.

128 posted on 03/06/2018 8:05:42 PM PST by publius911 (Am I pissed? You have NO idea...)
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To: publius911

IRS, from what I gathered. Like, the difference is taxed as income or something like that.


129 posted on 03/06/2018 9:43:25 PM PST by A_perfect_lady
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To: A_perfect_lady
Watch out for the tax bite. I’ve heard that when you sell a house and buy a cheaper one, you get screwed on taxes.

If you sell a house that has been your primary residence for at least 2 out of the last 5 years prior to the sale, the first $250,000 of profit on the sale is tax exempt if you are single, and $500,000 is exempt if you are married filing jointly. The purchase price of your next residential property is irrelevant to this exemption

You may be thinking of a 1031 exchange where one can sell an investment, commercial or business property and purchase a similar investment property of equal or greater value within 180 days in order to avoid capital gains tax on the sale.

In those situations; if you sell an investment property and purchase another investment property of lesser value, you will be taxed on the difference at the capital gains rate.

130 posted on 03/07/2018 1:03:01 PM PST by American Infidel (Instead of vilifying success, try to emulate it)
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