From Newsgroup: rec.aviation.military

"a425couple" wrote in message news:PiU1R.160904$79B9.28240@fx14.iad...

from https://finance.yahoo.com/news/guess-percent-retirees-1-million-180105550.html

Can You Guess What Percent of Retirees Have $1 Million Saved? Here's The Average Net Worth Of People 65 and Up
----------------------

As the article hints in the TL:DR section after the sensationalist intro, estimates vary widely depending on what is counted. The high end is 15% -
20% millionaires. Financial advisors are interested only in paper holdings they might benefit from, while total asset value including real estate is
what matters when someone finally goes into a nursing home.

https://earlyretirementnow.com/2023/12/03/we-are-all-millionaires/
"So, I was surprised that more than 18%(!) of households were millionaires
in 2022."

Billionaires got there by recognizing and selling us what we demanded. The Left demonizes success to justify confiscating (stealing) what they envy but lack the ability to acquire themselves. That's why they are so desperate for political power and horrified by its loss. Most Dems were willing to
sacrifice SNAP for the needy to their greed for power.

If you hate the rich stop consuming their products. Grow beyond childish dependency, become self-supporting, contribute to instead of draining from society. Socialism offers only a reverse Ponzi scheme in which everyone else also depends on you.

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From Newsgroup: rec.aviation.military

"Jim Wilkins" <muratlanne@gmail.com> wrote in news:10i9hvg$2vk52$1@dont-email.me:

"a425couple" wrote in message
news:PiU1R.160904$79B9.28240@fx14.iad...

from
https://finance.yahoo.com/news/guess-percent-retirees-1-million-1801055 50.html

Can You Guess What Percent of Retirees Have $1 Million Saved? Here's
The Average Net Worth Of People 65 and Up
----------------------

As the article hints in the TL:DR section after the sensationalist
intro, estimates vary widely depending on what is counted. The high
end is 15% - 20% millionaires. Financial advisors are interested only
in paper holdings they might benefit from, while total asset value
including real estate is what matters when someone finally goes into a nursing home.

https://earlyretirementnow.com/2023/12/03/we-are-all-millionaires/
"So, I was surprised that more than 18%(!) of households were
millionaires in 2022."

Billionaires got there by recognizing and selling us what we demanded.
The Left demonizes success to justify confiscating (stealing) what
they envy but lack the ability to acquire themselves. That's why they
are so desperate for political power and horrified by its loss. Most
Dems were willing to sacrifice SNAP for the needy to their greed for
power.

If you hate the rich stop consuming their products. Grow beyond
childish dependency, become self-supporting, contribute to instead of draining from society. Socialism offers only a reverse Ponzi scheme in
which everyone else also depends on you.

other sources cite lower percentages like 8.8% or 9.4% for individuals/households, making it roughly one in five or one in ten
depending on the data source and whether it's by person or household

And gues what = that million can be wiped out buy one major medical
issue, and/or a few years in a retirement home.

That retirement home will cost you $6K/month - $1Million gives you less
than 14years rent - and as you get older, the costs increase.
--
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----------
United we ribbit, divided we croak
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From Newsgroup: rec.aviation.military

"Stephen Harding" wrote in message news:10i9t1j$330hh$1@dont-email.me...

On 12/21/25 12:29 PM, Webbster wrote:

And this is all buy design by billionaires. The poorer YOU are, the
richer THEY are.

The economy isn't a zero sum game. Someone who has lots of money hasn't
taken it away from those without. The economy doesn't work that way.

----------------------------------------------

Billionaires may not be taking much from the poor but state and multi-state lotteries are.
https://en.wikipedia.org/wiki/Multi-State_Lottery_Association

https://timesandseasons.org/index.php/2024/08/grinding-the-faces-of-the-poor-through-the-lottery/

"Lotteries are clearly a form of regressive tax, to put it gently; to put it less gently, it clearly preys on poor people who are desperate for a break. rCLThe average adult living in the poorest 1% of zip codes spends almost 5% (or $600 annually) of their income on lottery ticketsrCY Again, these are people who canrCOt afford root canals for their kids and other basics."

$2 a day on Powerball is $730 a year. I can get 3 cavities filled for that after my yearly insurance benefit maxes out. Don't ask where, I try hard to stay on their good side. They have a jar labeled "Ashes of problem
patients".

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From Newsgroup: rec.aviation.military

Jim Wilkins wrote:

"Stephen Harding"-a wrote in message news:10i9t1j$330hh$1@dont-email.me...

On 12/21/25 12:29 PM, Webbster wrote:

And this is all buy design by billionaires.-a The poorer YOU are, the
richer THEY are.

The economy isn't a zero sum game.-a Someone who has lots of money hasn't taken it away from those without.-a The economy doesn't work that way.

I disagree. The people administering insider trading on tariff
uncertainty are definitely stealing from the rest of the stock market
players.
--
xGytDsqkQY8
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From Newsgroup: rec.aviation.military

phoenix <j63840576@gmail.com> wrote in
news:mqrhv5Fr6ejU1@mid.individual.net:

Jim Wilkins wrote:

"Stephen Harding"-a wrote in message
news:10i9t1j$330hh$1@dont-email.me...

On 12/21/25 12:29 PM, Webbster wrote:

And this is all buy design by billionaires.-a The poorer YOU are,
the richer THEY are.

The economy isn't a zero sum game.-a Someone who has lots of money
hasn't taken it away from those without.-a The economy doesn't work
that way.

I disagree. The people administering insider trading on tariff
uncertainty are definitely stealing from the rest of the stock market players.

Properly enforced, the inocme tax is progressive = the rich pay more than
the poor.

Tariffs are like a sales tax and cost the poor more than the rich.
--
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----------
United we ribbit, divided we croak
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From Newsgroup: rec.aviation.military

On 12/21/2025 12:02 PM, Webbster wrote:

"Jim Wilkins" <muratlanne@gmail.com> wrote in news:10i9hvg$2vk52$1@dont-email.me:

"a425couple" wrote in message
news:PiU1R.160904$79B9.28240@fx14.iad...

from
https://finance.yahoo.com/news/guess-percent-retirees-1-million-1801055
50.html

Can You Guess What Percent of Retirees Have $1 Million Saved? Here's
The Average Net Worth Of People 65 and Up
----------------------

As the article hints in the TL:DR section after the sensationalist
intro, estimates vary widely depending on what is counted. The high
end is 15% - 20% millionaires. Financial advisors are interested only
in paper holdings they might benefit from, while total asset value
including real estate is what matters when someone finally goes into a
nursing home.

https://earlyretirementnow.com/2023/12/03/we-are-all-millionaires/
"So, I was surprised that more than 18%(!) of households were
millionaires in 2022."

Billionaires got there by recognizing and selling us what we demanded.
The Left demonizes success to justify confiscating (stealing) what
they envy but lack the ability to acquire themselves. That's why they
are so desperate for political power and horrified by its loss. Most
Dems were willing to sacrifice SNAP for the needy to their greed for
power.

If you hate the rich stop consuming their products. Grow beyond
childish dependency, become self-supporting, contribute to instead of
draining from society. Socialism offers only a reverse Ponzi scheme in
which everyone else also depends on you.

other sources cite...

If that is true, it will be simple for you to cite the other sources,
like the previous posters have done to support their claims. Can you do
that?

--- Synchronet 3.21a-Linux NewsLink 1.2

From Newsgroup: rec.aviation.military

Pappy <pappy053025@usenot.nil> wrote in news:10ibctf$3gbft$1@dont-
email.me:

On 12/21/2025 12:02 PM, Webbster wrote:

"Jim Wilkins" <muratlanne@gmail.com> wrote in
news:10i9hvg$2vk52$1@dont-email.me:

"a425couple" wrote in message
news:PiU1R.160904$79B9.28240@fx14.iad...

from
https://finance.yahoo.com/news/guess-percent-retirees-1-million-

1801055

50.html

Can You Guess What Percent of Retirees Have $1 Million Saved? Here's
The Average Net Worth Of People 65 and Up
----------------------

As the article hints in the TL:DR section after the sensationalist
intro, estimates vary widely depending on what is counted. The high
end is 15% - 20% millionaires. Financial advisors are interested only
in paper holdings they might benefit from, while total asset value
including real estate is what matters when someone finally goes into

a

nursing home.

https://earlyretirementnow.com/2023/12/03/we-are-all-millionaires/
"So, I was surprised that more than 18%(!) of households were
millionaires in 2022."

Billionaires got there by recognizing and selling us what we

demanded.

The Left demonizes success to justify confiscating (stealing) what
they envy but lack the ability to acquire themselves. That's why they
are so desperate for political power and horrified by its loss. Most
Dems were willing to sacrifice SNAP for the needy to their greed for
power.

If you hate the rich stop consuming their products. Grow beyond
childish dependency, become self-supporting, contribute to instead of
draining from society. Socialism offers only a reverse Ponzi scheme

in

which everyone else also depends on you.

other sources cite...

If that is true, it will be simple for you to cite the other sources,
like the previous posters have done to support their claims. Can you do that?

==============
AI Overview
Only a small fraction of U.S. retirees have $1 million saved in
retirement accounts, with estimates ranging from
around 3% to 5%, according to recent Federal Reserve and financial data, meaning most Americans fall short of this milestone, relying more heavily
on Social Security. While average savings for older households are higher (around $609,000), the median is much lower (about $200,000),
highlighting that a few high savers skew the average.

==============
Only 3.2% of retirees have $1 million in retirement accounts vs. about
2.6% of Americans in general.

https://www.investopedia.com/retiring-with-1-million-is-rare-heres-how- many-people-actually-do-it-11869328

============
Data from the Federal Reserve's Survey of Consumer Finances, shows that
only 4.7% of Americans have at least $1 million saved in retirement-
specific accounts such as 401ks and IRAs. Just 1.8% have $2 million, and
only 0.8% have saved $3 million or more.

https://finance.yahoo.com/news/guess-percent-retirees-1-million- 180105550.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8 &guce_referrer_sig=AQAAACbz8dCNUG7xgQ-PmleWe__o31HcWYCvCFgdoIyESJv-hT-- jQpmCW0mRWPX9iyZ2DqnLclf5RvFeiM_QoOL2AJ6imvbmvVZhARj792r- dlfQiB5QAUgmuvrgKV0r-7GS22CtWx4dxvU5ezutxOFTM8BcjDWlyNcSRnVMHPlrRit

=========

And why did you snip the rest of my response?
--
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United we ribbit, divided we croak
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From Newsgroup: rec.aviation.military

"a425couple" wrote in message news:PiU1R.160904$79B9.28240@fx14.iad...

from https://finance.yahoo.com/news/guess-percent-retirees-1-million-180105550.html

Data from the Federal Reserve's Survey of Consumer Finances, shows that
only 4.7% of Americans have at least $1 million saved in
retirement-specific accounts such as 401ks and IRAs. Just 1.8% have $2
million, and only 0.8% have saved $3 million or more.

--------------------------
This is deceptive because 401(k)s and IRAs aren't the best place for all assets, such as municipal bonds whose returns are federally tax-free anyway. Yearly 401(k) contributions are limited, you can't save everything in them
or freely withdraw like a savings or brokerage account. https://www.epwealth.com/blog/how-much-can-i-contribute-to-a-401k-in-2026

You have to understand the advantages and restrictions of the various
options and choose according to your own situation.

As you age you must gradually draw down an IRA and pay income tax on the withdrawals at your highest marginal bracket rate. https://www.irs.gov/retirement-plans/retirement-plan-and-ira-required-minimum-distributions-faqs

"Required minimum distributions (RMDs) are the minimum amounts you must withdraw from your retirement accounts each year. You generally must start taking withdrawals from your traditional IRA, SEP IRA, SIMPLE IRA, and retirement plan accounts when you reach age 73."

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