Comments on: Average Retirement Savings by Age

By: Greg

Greg — Sat, 14 Jan 2012 18:04:02 +0000

To all those complaining about the taxes they pay. I find it very interesting that anyone making a million plus would complain. For instance there are people making 70K paying 12-15k in taxes and never complaining. Remember to be grateful as one of the other people on this tring mentioned for your good fortune. It is true that we are all not born with the same intelect,abilities are social status. What we do all share is the country in which we live and for many of us the opportunities we have been able to acheive. Think of yourself in context of being part of society and your ability to contribute part of your civic duty and stop complaining about helping your fellow man and be grateful and thankful for all you have…

By: Danbronx71

Danbronx71 — Mon, 19 Dec 2011 01:13:21 +0000

Don’t complain too loudly about taxes?

We live in a representative Republic. It’s your duty as a citizen to make sure bureaucrats don’t walk allover your paycheck like a doormat.

By: Paul

Paul — Wed, 07 Dec 2011 04:07:40 +0000

Scott, if you have $850k in the bank, congratulations, you are in the top 10% in this country. In other words, you’re rich. Most people in this country make less than $50k a year and have $0 in the bank. Don’t complain too loudly about taxes, you can afford it apparently.

By: phil

phil — Sun, 26 Jun 2011 18:12:23 +0000

Tak, most that I talked to pulled much of their money out of the market at a loss on the way down in 2008. I didn’t listen to Crammer’s advise and get outin Oct. But I am in the possitive now as the market has corrected my losses. Now it seems to be a struggle as returns are flat. I feel that companies are doing well but most investors are scared and playing the sideline and keeping the market flat.

By: phil

phil — Sun, 26 Jun 2011 18:05:31 +0000

debt is good and we can inflate our way out so it is better to own stuff. Gold is good stuff and so is property. Cars not.
The difference I see with Greece and us is that we make stuff, have oil and other commodities where greece has not. Most those Southern European countries seem to rely on tourism and some manufacturing.
Was in Italy last year and everything so old and the roads so narrow. Our street out front is 3 times as wide as most streets and roads I saw there but then most EU countries are the size of states here.
And yes, I see no way out for Greece and no way to every pay back the loans.

By: phil

phil — Sun, 26 Jun 2011 17:54:17 +0000

My mother in law ,90, is still driving herself to church, grocery, and the hairdresser if someone else can’t take her.

By: phil

phil — Sun, 26 Jun 2011 17:49:43 +0000

Tak, are you saying you $$$$ plans didn’t work.

By: phil

phil — Sun, 26 Jun 2011 17:39:54 +0000

I would think that if you are rich then you made your money, inherited, or won it. I believe most that earned it somehow had special opportunities, good luck, or had specail talents one doesn’t find in all people. SOme are very good with words, think fast on their feet, and make friends well. Others are good with art, music, and other fields. There are many that are average as God couldn’t make us all the better ones.
So when one jumps out on top with millions of dollars, yes, working hard with those special talents that not all have, one ought to should share in the good fortune as it doesn’t take millions to live. One can spend only so much money on oneself. Taxes, sharing the wealth isn’t bad. Like the 2.5 million in taxes one pays on 5 million earned isn’t going to leave the individual starving, wanting for, but it may motivate them to want to earn more.
I accept the taxes I pay as a part of being able to live in a country that allows me the opporutnity to make that money. There are times I pay less and other I pay more but it is better than not having the opportunity to exploit my luckly talents that others don’t share.

By: sailor dae

sailor dae — Thu, 02 Jun 2011 19:49:35 +0000

If they have a cat they probably should eat it.

By: mickey

mickey — Fri, 27 May 2011 20:16:52 +0000

pretty judgemental there ALH. If your not rich, your just “settling” ?

By: ALH

ALH — Tue, 17 May 2011 21:55:59 +0000

Totally agree!!! Who are these people who think they are important enough to “decide what to take from the rich”? It should be a flat tax. And even with a flat tax, the rich pay WAY more than someone making $50K a year! And funny thing is, they use WAY less government subsidies as well. It is just a redistribution of wealth. Punish the risk takers and successful people, give it to people who are okay with “settling” for a measley income and take minimal risks.

By: Wharf Rat

Wharf Rat — Fri, 28 Jan 2011 05:29:26 +0000

Amen – why is it fair that someone who makes $5 million get half their income taken away?! What a crock – people should be rewarded for their success, not punished.

It should be the same rate for everyone, and let the producers keep their profit.

By: joe

joe — Mon, 03 Jan 2011 01:52:24 +0000

I disagree about the cat food on stalebread. They won’t be able to afford the cat food.

By: Spokes

Spokes — Fri, 24 Dec 2010 03:45:16 +0000

Why do you think a 50% tax rate is fair for anyone living in this country?? Insane, everyone should be taxed at the same rate across the board. What is my incentive to make more money if I just get hit with higher taxes to pay for a wasteful government? Pah.

By: Tak Nomura

Tak Nomura — Sat, 09 Oct 2010 23:38:11 +0000

Like income and taxes, averages have very little meaning. There are too many variables to obtain accurate data.

It’s human nature to seek financial information to see where one fits in the general scheme of things, but that’s not an important issue. What is important is how the individual makes plans and goals for the long term to have enough $$$$ to live comfortably in retirement.

Making plans for later never works.