“Retire? Why? To wait to die, doing nothing? I will never retire. I will work until the day I die. “
I have heard that before. Sometimes it is said by people whose life is their work and they have no hobbies. It might also be said as rationalization by someone who blew their money while working and never saved enough money to retire.
You are right in that a person doesn’t want to be sitting around watching TV all day. It is important to find hobbies and things outside of work that are fulfilling. It is also important to save and invest 10-20% of your paycheck while one is working. Over 40 years a person should have saved enough to retire. It is a scary proposition to have to save up enough to last your family for 30 years+.
I’m retired for 3 years now and it was a great decision. Every day I get to decide what I will work on that day. I stay very busy.
“It is also important to save and invest 10-20% of your paycheck while one is working. Over 40 years a person should have saved enough to retire. It is a scary proposition to have to save up enough to last your family for 30 years+.”f
I tell people 25% and hope that is enough. We saved much more than that for many years and I still hope it is enough. This is a brave new world we boomers are in.
Good luck.