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Doesn't surprise me - once you have the financial security to no longer work (what retirement technically is - not based on age necessarily) that's the very definition of having "made it."
I would have landed in the 43% bucket as my mortgage was with me so long I want to just get rid of it. After I paid it off it wan't the lift I thought it would be. Millionaire status never even crossed my mind. However now retirement is all I think about so I guess it would depend on when I was surveyed.
The concept of 'Retirement' is judged by cross cultural studies as a "Confounding Behavior / Variable" / even incomprehensible' by some.
I expect retirement will be viewed in history as just another fad.
I hope I don't vomit on the next (Ameriprise) financial planner who starts the conversation; "Now to enjoy the retirement for which you have worked so hard, and NOW DESERVE..." (while they are salivating over the balances in the 401k Rollover)
55% of Americans surveyed consider retiring their most important milestone in life, eight times more desired than becoming a millionare:
1 million may not be enough to retire . so wishing for a million may not mean the retirement you want . i would not have retired here in ny on just a million , 35-40k with ss pretax in income would not cut it for us .
by saying retiring and not an excact number it means you made that level of income you desire . it could be many millions needed for some or zero for others with a juicy pension .. you are not looking at the term retiring in the entire picture .
someone with a million bucks and someone with a 40k pension and no savings can see the same cash flowin retirement .
The concept of 'Retirement' is judged by cross cultural studies as a "Confounding Behavior / Variable" / even incomprehensible' by some.
I expect retirement will be viewed in history as just another fad.
I hope I don't vomit on the next (Ameriprise) financial planner who starts the conversation; "Now to enjoy the retirement for which you have worked so hard, and NOW DESERVE..." (while they are salivating over the balances in the 401k Rollover)
Since I am an Ameriprise customer I know what you are saying. I don't have much there but what I do has been doing well. I have not let them talk me into buying products that are not right for us.
On retirement being a fad though I wouldn't go quite to the point that no one retires but I will say that it might become less fashionable and be like waves. As long as we have a retirement system like SS it will be that way.
but half of americans make very little effort to secure that retirement .
Inspired by Clint Eastwood, awareness of my limitations leads me to seek the tiny house that will allow me to enjoy a modest lifestyle in retirement, but government would rather I be a rent slave enriching some landlord than own that tiny house.
In february2018, I'll retire with a 2000 $ / month pension and 500.000 $ in Financial assets (house and car paid for). Not wealthy by a long shot, but enough to have a comfortable life in the countryside and snowbird to somewhere warm in winter. I'm not asking for more. Let the Joneses have their blingbling retirement LOL
Inspired by Clint Eastwood, awareness of my limitations leads me to seek the tiny house that will allow me to enjoy a modest lifestyle in retirement, but government would rather I be a rent slave enriching some landlord than own that tiny house.
Aaaannnnndddd, once again it becomes about your, I emphasize your, choices over the last 30 years leavened with blaming the government for having rules controlling properties from becoming slums.
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