Comments on: Sex, Drugs, and Retirement

By: Steph

Steph — Sun, 15 Nov 2009 00:34:21 +0000

I was thinking of writing a blog post for the sole reason of sharing it with friends. Some friends know about my pf love, but I have a feeling that there are lots of basics that I just want to tell my friends, without sounding like a know-it-all or getting all up in their business…but yes, it's pretty much painless to start saving…how do we make people stop being stupid and start doing it?

By: Alicia

Alicia — Fri, 13 Nov 2009 16:43:18 +0000

I save $50 a month into my IRA. That is all I can do at the moment. I am 27 years old. I wish I could save more but I have credit card debt, student loan debt, a mortgage and a job that doesn’t pay much. I will start contributing more in the next three years as I pay off the debt and earn more. Hopefully, by the age of 30 I will start/finish grad school and accept a position that pays well and allows me to max out my retirement. Yeah! Can’t wait for that!

By: Tazz

Tazz — Fri, 13 Nov 2009 10:39:11 +0000

11 percent of my monthly pay goes to my retirement funds, automatically deducted from the pay each month, and i put away 10 more percent before i even spend the money. A few months back, the gov allowed us Malaysians to change from saving 11 to 8 percent (more money in pokcet coz of the ecocnomy crash etc), but I chose to keep the same amount in. Now that im getting more than what i did last year, i also know that i am SAVING more, which makes me real warm n fuzzy inside! I also tutor *gets half of my monthly pay just from that* so its awesome, i can save and spend too.

PS: I wrote u a while back asking abt credit cards n going to grad school. I got accepted into a grad school, starting this Dec semester. I think im enrolling =)

By: Money Funk

Money Funk — Fri, 13 Nov 2009 03:54:18 +0000

LOL. I really like the 3 impersonations – did well in voicing them. I know for a fact that I do not save enough in my retirement – and I am in my mid 30s. I also try to mark my son’s brain by putting away 10% of his allowance into a savings account. He doesn’t understand the concept with him only gaining $1.50 per week (to which he almost has a hundred in the bank).

He thinks that when he has a real job he will put away then. I tell him all the time it starts somewhere and now is better than then.

Make your voice be heard, Ninja!
.-= Money Funk´s most recent blog ..20 Ways to Cut Expenses =-.

By: Investing Newbie

Investing Newbie — Thu, 12 Nov 2009 15:04:42 +0000

My friends have all been poisoned. I actually was the last one to get on the retirement saving train. This was mostly due to me not being sure whether my job would be around, so I didn’t want to start dumping money into a 401K that could disappear along with my check. So I got a Roth IRA and I love it. I’m not contributing as much as I’d like, but it’s getting me there. All in all, I’m happy to know that all my friends, if we’re still friends 40 years from now, will be sitting on some pretty pennies in retirement.