Are you a millennial and do you have a 401k? (or comparable retirement account)

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Poll of the Day » Are you a millennial and do you have a 401k? (or comparable retirement account)
For the purposes of this topic, you are a millennial if you were born between 1977-1995 (source below).




Source for millennial years: http://genhq.com/generational_birth_years/
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I am, and yes
https://en.wikipedia.org/wiki/Mead
"I'm Mary Poppins ya'll!"
I have two retirement accounts: one traditional IRA and one Roth IRA.
http://i.imgur.com/1yl1fH0.jpg
the White-Sounding Black Chick
RCtheWSBC posted...
I have two retirement accounts: one traditional IRA and one Roth IRA.
http://i.imgur.com/4ihiyS2.jpg
"I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429
I have a Roth IRA that I max out every year, but I don't have a 401k offered at work.
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I do but from what I've been hearing from the "Older Generation" it doesn't matter since I'm gonna be working for a while anyway (ok it does matter but I'd rather teach full time when I'm old with experience than actually "work")
RIP in peace Junpei 6/1/17 :(
mastermix3000 posted...
I do but from what I've been hearing from the "Older Generation" it doesn't matter since I'm gonna be working for a while anyway (ok it does matter but I'd rather teach full time when I'm old with experience than actually "work")


That statement has never really made sense to me. Right now we are paying for all the old baby boomers and once they pass away it seems like social security will be a lot more manageable. Been hearing for years that it won't be around by the time I'm old. I think people just like to spread doom and gloom.
https://en.wikipedia.org/wiki/Mead
"I'm Mary Poppins ya'll!"
Mead posted...
I think people just like to spread doom and gloom.


Nah it's being realistic these partners are going on 70. From looking at mortgages the ones who retire are pretty old and had some bad ass income (director's of engineering, IT heads, etc) we'll be working longer that's for sure

Thing is we should have enough from retirement by then to coast the rest of our years. Probably not enough to keep up with our lifestyle by then which is why we can do things we actually wanna do
RIP in peace Junpei 6/1/17 :(
Mead posted...
mastermix3000 posted...
I do but from what I've been hearing from the "Older Generation" it doesn't matter since I'm gonna be working for a while anyway (ok it does matter but I'd rather teach full time when I'm old with experience than actually "work")


That statement has never really made sense to me. Right now we are paying for all the old baby boomers and once they pass away it seems like social security will be a lot more manageable. Been hearing for years that it won't be around by the time I'm old. I think people just like to spread doom and gloom.


The main issue is that people are living for significantly longer than they were when the program was first implemented. It's the same issue a lot of companies (particularly government jobs) are running into with defined benefit retirement plans. These plans were all based on paying out to people for an average of 5-10 years, but now we're paying it out for an average of 20ish years and the number keeps climbing.

This won't change when we get older either. The retirees can't outnumber the workers (or frankly, the numbers can't even be close), otherwise the people working will have to pay an obscene amount. These programs aren't designed for you to draw from them for as long as you contributed to it.
Assassins do it from behind.
I don't have a 401k.
Donald J. Trump--proof against government intelligence.
I have a 401K but I work at wal-mart so it isnt filling up super fast, though i contribute 10% of my paychecks and WM matches 6, so eh.
Yep, and I make sure to put as much as my work is willing to match in for maximum profit.
I am a senior software engineer. If you see me post here, I am tired of writing TPS reports.
I have a 403b I don't know what that means exactly though
i intend to retire early so no fuck the 401k
No 401K, but my employer has a retirement package that'll cover me as long as I work for 20 years.
KevinceKostner posted...
I have a 403b I don't know what that means exactly though

It's a retirement account akin to a 401K. Do you work for a nonprofit? I had a 403b from my nonprofit employer until I rolled it over to an IRA.
http://i.imgur.com/1yl1fH0.jpg
the White-Sounding Black Chick
I work for a Catholic hospital, guess that explains the tax exempt part
Yes to both.

However my 401k just got started this year and I don't make much money.
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Post #19 was unavailable or deleted.
According to that list I would be a Millenial - which I definitely am not.

Yes, I have a 401K.

/Gen X


Author Jeff Gordinier, in his 2008 book X Saves the World, defines Generation X as those born roughly between 1961-1977 but possibly as late as 1980.[20] Canadian author and professor David Foot divides the post-boomer generation into two groups: Generation X, born between 1960 and 1966; and the "Bust Generation", born between 1967 and 1979, In his book Boom Bust & Echo: How to Profit from the Coming Demographic Shift.[21][22] On the American television program Survivor, for their 33rd season, subtitled Millennials vs. Gen X, the "Gen X tribe" consisted of individuals born between 1963 and 1982.[23]
kukukupo posted...
According to that list I would be a Millenial - which I definitely am not.

Yes, I have a 401K.

/Gen X


Author Jeff Gordinier, in his 2008 book X Saves the World, defines Generation X as those born roughly between 1961-1977 but possibly as late as 1980.[20] Canadian author and professor David Foot divides the post-boomer generation into two groups: Generation X, born between 1960 and 1966; and the "Bust Generation", born between 1967 and 1979, In his book Boom Bust & Echo: How to Profit from the Coming Demographic Shift.[21][22] On the American television program Survivor, for their 33rd season, subtitled Millennials vs. Gen X, the "Gen X tribe" consisted of individuals born between 1963 and 1982.[23]



Yeah according to that list I'd be a millenial, but I am not. Way more of a Gen X generation person, or what came after that really, before millenials began. Still I am certainly more like a Gen X person being born in 81.
this is the way the world works, if you wanna find some quality friends, you gotta wade through all the dicks first...
According to that, I'm a millennial (born in '88). I don't have a 401k but I do have a pension from my first ten years at my job, even as a part-timer.

I do have a Roth IRA that I put money into every week (depending on other expenses, I'll put on anywhere from $25-100).
These pretzels are making me thirsty!
To me, the question on whether you are a millenial or not boils down a couple of simple questions:


Did your music collection ever exist on tapes or just CDs? (or for that matter How many records have you owned? Ever seen an 8 track?)
Did you learn how to type on a computer or a typewriter?
I have a 401k.

Regarding the other part of the topic, you guys seem pretty concerned over an arbitrary title.
Mesiah21 posted...
kukukupo posted...
According to that list I would be a Millenial - which I definitely am not.

Yes, I have a 401K.

/Gen X


Author Jeff Gordinier, in his 2008 book X Saves the World, defines Generation X as those born roughly between 1961-1977 but possibly as late as 1980.[20] Canadian author and professor David Foot divides the post-boomer generation into two groups: Generation X, born between 1960 and 1966; and the "Bust Generation", born between 1967 and 1979, In his book Boom Bust & Echo: How to Profit from the Coming Demographic Shift.[21][22] On the American television program Survivor, for their 33rd season, subtitled Millennials vs. Gen X, the "Gen X tribe" consisted of individuals born between 1963 and 1982.[23]



Yeah according to that list I'd be a millenial, but I am not. Way more of a Gen X generation person, or what came after that really, before millenials began. Still I am certainly more like a Gen X person being born in 81.

No, '81 is a millenial, you've probably just been misusing the term.
Jen0125 posted...
RCtheWSBC posted...
I have two retirement accounts: one traditional IRA and one Roth IRA.

Yeah breh me too
kukukupo posted...
To me, the question on whether you are a millenial or not boils down a couple of simple questions:


Did your music collection ever exist on tapes or just CDs? (or for that matter How many records have you owned? Ever seen an 8 track?)
Did you learn how to type on a computer or a typewriter?

That might work if the time period was open ended. Because those born after 1995 would answer the same as the millennials supposedly would. Or those born before 1977 would answer the same as the millennials if my assumption of the expected answers is wrong.
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AlleRacing posted...
Mesiah21 posted...
kukukupo posted...
According to that list I would be a Millenial - which I definitely am not.

Yes, I have a 401K.

/Gen X


Author Jeff Gordinier, in his 2008 book X Saves the World, defines Generation X as those born roughly between 1961-1977 but possibly as late as 1980.[20] Canadian author and professor David Foot divides the post-boomer generation into two groups: Generation X, born between 1960 and 1966; and the "Bust Generation", born between 1967 and 1979, In his book Boom Bust & Echo: How to Profit from the Coming Demographic Shift.[21][22] On the American television program Survivor, for their 33rd season, subtitled Millennials vs. Gen X, the "Gen X tribe" consisted of individuals born between 1963 and 1982.[23]



Yeah according to that list I'd be a millenial, but I am not. Way more of a Gen X generation person, or what came after that really, before millenials began. Still I am certainly more like a Gen X person being born in 81.

No, '81 is a millenial, you've probably just been misusing the term.


Not necessarily. Gen X has stretched into 81-82.
Roth IRA and a Pension. State job, yo!
Poll of the Day » Are you a millennial and do you have a 401k? (or comparable retirement account)