Do you save for retirement?

Hell Puppy · 02-06-2007

Just curious what percentage of people in the industry actually think about and plan for retirement.

My hunch is very few. The industry attracts "free spirits" who could likely never succeed in a regimented 8-5 lifestyle. Same personality typically doesn't think 20+ years down the road.

We have tons of examples of people who made more money in a couple or three years than many will make in a lifetime and have absolutely nothing to show for it. My hunch is tha majority would be in danger of losing cars, having utilities cut off and no place to live inside of 3 months if their adult income went to $0 right now.

Myself, I've been socking some back since first gig out of college when I was putting a pitifully small amount into 401K. At the point the nest egg is big enough to support the lifestyle I want for the rest of my life without it having to be fed, I'm out. I might still dabble, but only out of boredom. I'm not there yet, but I can at least see the finish line.

The earlier you start, the easier it is to get there. My hunch is VERY few companies offer even so much as a SEP and most individuals likely do not even have a IRA.

Just curious what the prevailing mindset is...

View Poll Results: Do you save for retirement?
Yes! I have an IRA, 401K or similar or otherwise sock some back	6	46.15%
Not yet, want to, but haven't started yet.	6	46.15%
No way, live for today!	0	0%
All I need is enough money to lease a car that'll impress the GFY crowd	1	7.69%
Voters: 13. You may not vote on this poll

02-06-2007	#1
Hell Puppy Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Oct 2002 Posts: 6,523	Do you save for retirement? Just curious what percentage of people in the industry actually think about and plan for retirement. My hunch is very few. The industry attracts "free spirits" who could likely never succeed in a regimented 8-5 lifestyle. Same personality typically doesn't think 20+ years down the road. We have tons of examples of people who made more money in a couple or three years than many will make in a lifetime and have absolutely nothing to show for it. My hunch is tha majority would be in danger of losing cars, having utilities cut off and no place to live inside of 3 months if their adult income went to $0 right now. Myself, I've been socking some back since first gig out of college when I was putting a pitifully small amount into 401K. At the point the nest egg is big enough to support the lifestyle I want for the rest of my life without it having to be fed, I'm out. I might still dabble, but only out of boredom. I'm not there yet, but I can at least see the finish line. The earlier you start, the easier it is to get there. My hunch is VERY few companies offer even so much as a SEP and most individuals likely do not even have a IRA. Just curious what the prevailing mindset is...