I have an excellent retirement plan.
It's my grandparents' retirement plan.
I plan to work as hard as I can, and earn as much as I can, until I'm dead.
Seriously.
I would rather help my kids through college and drop dead with a big fat life insurance policy so they can live a better life, then fret away about a future that might never come. We're living simply - but we're living!
My parents were squirrels. Saved like crazy, did without, lived modestly, never treated themselves to anything. Now they have more money than they will ever need. You would think they could live large, enjoy life? Nope. Mom's knees are crumbling and she can barely walk. Dad has terminal cancer. They are lucky they can make it to the grocery store, let alone the trips they always wanted to take.
I'm not saying my approach is the right approach for everyone. I just have different expectations on what the future will bring.
For the folks that want to retire, though, this article is correct. Save now, as much as you can. Treat your savings like a bill that MUST be paid every month, and you'll be surprised where you can cut your budget.
God bless the folks that can retire; I wish them all the best!
God Bless your parents, TX. My heart goes out to them.
I had a neighbor who was on SS and a minimum pension. The city decided to put a new sewer system in, and charged every home owner. She was an elderly widow, and was struggling just to keep her little home and survive.
She had to put her house up for sale because she couldn’t come up with the $4,000 dollars demanded by the city.
Her house did not sell (shock, shock), and she had to leave as it went into forclosure. She could be living on the streets, now, for all I know.
Somethin’ ain’t right, here.