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THere's a cliche about work/money, "No one ever says on their deathbed, 'I wish I'd spent more time in the office.'" Well, I'll bet there are a lot of people, especially women, who get older saying, "I wish I'd been more attentive to my financial well-being." If that means spending more time in the office, maybe, so be it. There's a time for everything, and there's a time where being prudent for the future makes a lot of sense. I say this as someone who got a little prudent at age 28 in getting my RN, but didn't get serious about saving money or going back to a job because of its pension plan until I was in my late 40s. Now at 57, I'm very glad I did, and will continue to follow my plan as possible.
I know more than a few people in my age group who are headed for an older age of cat food on sale for dinner. Dunno what they think is going to happen, but they'll find out, all right.
We don't care! When my husband had the chance to go with 401K, I thought the better option was to get an RV and go on vacations to Disney World. Now, I listen to everyone crying about their retirement savings and how they wish they would have spent time with their kids and not worked the extra to put away the money that did the disappearing act and those that had retirement plans based on these accounts complaining and depressed because they can't afford to retire or probably can't afford to retire in the style they had planned. We face a lean retirement but won't be depressed because we and our children have the memories of spending time together and having a life rather than spending 50 years worrying about getting old. Because of longevity issues in our families, we look forward to living so long that we will have the pleasure of the lean retirement. Retirement without a life preceding it.
We don't care! When my husband had the chance to go with 401K, I thought the better option was to get an RV and go on vacations to Disney World. Now, I listen to everyone crying about their retirement savings and how they wish they would have spent time with their kids and not worked the extra to put away the money that did the disappearing act and those that had retirement plans based on these accounts complaining and depressed because they can't afford to retire or probably can't afford to retire in the style they had planned. We face a lean retirement but won't be depressed because we and our children have the memories of spending time together and having a life rather than spending 50 years worrying about getting old. Because of longevity issues in our families, we look forward to living so long that we will have the pleasure of the lean retirement. Retirement without a life preceding it.
You can't eat memories and strangely enough doctors and hospitals don't take memories in payment.
Because of longevity issues in our families, we look forward to living so long that we will have the pleasure of the lean retirement.
Very naive to think just because your folks or grandparents lived long, you will too. And should you need medical care (and most of us do as we age) who is going to pay for that?
Doubt your kids will be too interested in taking you in.
I put aside money for retirement for ages so that now at 57 I am "retired." It doesn't mean not working, it means working part time so I have more leisure time and having the ability to choose a job that I like and if I can't find it, having the ability to say this is BS and I am not working here. You can't count on the govt. Based on family history, I plan on living until I am 104 since my uncles, aunts and grandparents have and are making it well into their 90's. I know that there will be decades where I simply won't be able to work.
How do you know this? Do you have a financial plan for your health?
Let's see, I'm back in college for the second time, I work friggin' retail. I live with my mother. I hate my life. I could very well outlive everyone in my family and be alone. I'm just hoping I don't live that long and try not to think about it at all. How's that for an answer?
BTW I'm not trying to be negative or rude I just seriously don't see a bright future in my life at this point.
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