Retirement

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Yes, the idea was to get rid of the long term pension obligations of companies.
Woolworth still pays its pension obligations as it has morphed into a shoe selling company with enough revenue to do that. So many similar companies have gone bankrupt.

Around 2009 my company disbursed its pension obligations. I got a $100k payout and put it all into the stock market with an index fund of the entire market. As the market recovered I diversified by putting 40% into bond funds It did very well before I just cashed out to sit on the sidelines for a while.
But I doubt many have done that well with similar circumstances as the market had just crashed really bad and most would't have done that. How bad? Two major indexes, the Dow Jones and S&P500 lost over 50% their value from October 9, 2007 to March 9, 2009!

I know math so I've been able to use the tax code to my advantage, saving 10s of thousands of dollars in taxes.

The lowest tax brackets pay 0% in Long Term Capital gains. There are deductions that can be taken to legally go into lower brackets to avoid paying taxes. Now that I'm not earning a living I can pay taxes on that money at 12% instead of the much higher rate when I was working! If this sound terribly complicated it is! Worse, most advisors work with customers that have lots of money and income.
I doubt they understand what I'm doing as it is too different from normal.
If I don't pay enough tax now, I plan to avoid taxes in the future by donating it to Charity!
I've already donated a lot in my lifetime.

only recently have I stopped saying I was "long-term unemployed." but for about 2 decades, took early retirement when it became feasible. not profitable but feasible compared with what would happen to my body if I didn't take the hint from it. lived close to the bone for close to 2 decades until social security and pensions kicked in. but being out of the rat race was well worth whatever privations I endured for a long time.

The Affordable Care Act or Obamacare makes it easier to retire early by providing substantial subsidies in health care insurance if you don't make much money. In Connecticut they have insurance brokers who will help you for free--they get paid by the State of CT.

I currently have 103,000 dollars in the stock market in my brokerage account for retirement.

Have tried to set aside as much in my 401k and other savings as I have been able to. But, between the possibility of my state's strict filial responsibility laws forcing me to contribute to my abusive, estranged parent's nursing home care in the next few years or Medicare and Social Security no longer being around by the time I need them, what I have saved may prove to be completely inadequate.

I don't have any detailed plan, but I've lived through some very lean years and felt quite content with very little money. I don't care about gadgets, luxury goods, fashion and hate travels. My husband is frugal, too. I'm sure whatever we saved will be just fine.

I have 110,000 dollars in my brokerage account for retirement.

I'm going to be kicked out of my home when I'm an old lady, because I might not be able to work by then but not be able to claim my pension as they're raising it to like 160, and probably most my relatives would be gone by then, and my partner, so I'd be all alone in the world. I guess nobody would care about a vulnerable, frightened old lady being forced out on to the streets because of being too old to work but too young to claim her pension, even though she's been here all her life and has never committed a crime or anything (I assume I won't commit any crimes before then).

It's what I've got to look forward to. Homelessness. Abandoned and neglected by society.

People in your 60s now - you are so lucky.

according to the internet, you should have 3x your annual salary by age 30 for retirement.

42. only got a couple thousand saved for retirement.

annual salary: $25000.

terrified of ending up homeless and getting too old/disabled/injured/busy to work.

on the other hand, autistic transsexuals' average lifespans much shorter than average. so whatever.

besides, any day now, a car could run over my worthless corpse, and then no amount of $$$ or dieting or anything else will impact me.

How old are you I'll be 43 in a month & a half.

How much do you earn A little over $1,130 a month from Social Security Disability. I also get money from my parents for bithdays & holidays & such.

How much have you saved for retirement I don't have any money saved. Both my parents are retired & have lots of money saved in various types of accounts so I should have a bit of inheritance.

How worried are you about not having enough $$$ for retirement Me & my girlfriend have been on benefits a very long time & we have been struggling financially. We have a lot of credit card-debt that we defaulted on in the last couple years but I've been making tiny monthly payments on mine. I want to get a part time job where I could still keep my benefits but our state has a higher minimum-wage & the three jobs I had required part-timers to work 30-33 hours a week. Plus I have health issues I'd like to address first that my docs are not helping. I'm considering paying myself to see other docs that won't accept my insurance or paying a membership fee every month.

The US is having the government shutdown right now because the Trump administration is trying to cut healthcare & the dems refuse to approve it. I'm not sure what side will give in first. My point is that I would advise against planning on Obamacare still being around when considering future retirement plans.

Some states already provide additional funding for Obamacare or the Affordable Care Act.
If you live in one of these states it is more likely that subsidies will continue in one form or another.

In my case I can easily afford insurance without the ACA.

It is possible to live very cheaply when retired. My town has excellent services for seniors.
Food can be very cheap in the USA if you know how to cook.

l own my home and have kept up with necessary maintenance and repairs.

I have 115,000 dollars in a brokerage account thats earmarked for me after my parents go.

What's that?
20% of a kidney transplant?

I have 114,000 dollars in a retirement brokerage account.

if I were you, Texas, I would not advertise what money I have, there are lots of sickos out there who would set their designs on it somehow their crafty little minds could design.

I dont advertise to people in real life. I just do it on here because its anonymous. Thanks for looking out for me. Also my parents have set up the trust to make it impossible to be taken advantage of financially by swindlers.