SFO Archive Forums - View Single Post - Social security

SBYRD5 · 05-25-2005, 10:15 AM

[quote

ost_uid0="Warmor"]Whether he messes with SS or not, we should never rely on it. People are bad with money, and try to rely on things for later in life. It doesn't work that way. Children are even worse, they work and spend their money easily. Start saving now. Get a program. Read books, get smart with money NOW. It will pay off HUGE later. Never get debts or loans either. If you play your cards right, all you need is CASH.

With no debt you get to keep all your income. Need to save your money. Then you can afford retirement regardless of what SS is then.[/quote]
I'm not in debt warmor as hard as that's to believe..

I've saved the majority of my tax returns and used 20% of each tax return on myself.

Warmor the 401k plan is like an insured plan for your retirement...

it's like a bonus for working your whole life?

Let's say I saved ad got my 401k that would mean complete ownage for me...

as an old man...

But I don't want to be worried about being poor as an old man warmor...

And int he world of today man....sometimes you have to tap into saved funds....

The 401 k plan is a plan inwhich I wont ahve to stress so bad when I'm to old to work anymore...

05-25-2005, 10:15 AM	#5
SBYRD5 Banned Senior Member Join Date: Jun 2002 Location: North Carolina Posts: 6,549 Post Thanks / Like Thanks (Given): Thanks (Received): Likes (Given): Likes (Received): Dislikes (Given): Dislikes (Received): Points: 0 Mentioned: 0 Post(s) Tagged: 0 Thread(s) Quoted: 0 Post(s)	[quoteost_uid0="Warmor"]Whether he messes with SS or not, we should never rely on it. People are bad with money, and try to rely on things for later in life. It doesn't work that way. Children are even worse, they work and spend their money easily. Start saving now. Get a program. Read books, get smart with money NOW. It will pay off HUGE later. Never get debts or loans either. If you play your cards right, all you need is CASH. With no debt you get to keep all your income. Need to save your money. Then you can afford retirement regardless of what SS is then.[/quote] I'm not in debt warmor as hard as that's to believe.. I've saved the majority of my tax returns and used 20% of each tax return on myself. Warmor the 401k plan is like an insured plan for your retirement... it's like a bonus for working your whole life? Let's say I saved ad got my 401k that would mean complete ownage for me... as an old man... But I don't want to be worried about being poor as an old man warmor... And int he world of today man....sometimes you have to tap into saved funds.... The 401 k plan is a plan inwhich I wont ahve to stress so bad when I'm to old to work anymore...