Replies

I often hear about a large segment of the senior population that is low in finances. Maybe they did not ever save their money, maybe their now-deceased spouse was the money manager for them both, or health care events have become ongoing and expensive. Its’ these senior citizens I worry about. At my age of 58, I will soon be joining that most exclusive club, but alas, with very little in personal savings.

The article states that there is LESS poverty in the senior population,and I believe it.

Sure,there are some that could use the discounts, but it should be based on need,not age.

Maybe when you become a senior,along with my kids,things will be different but most of the Seniors today are doing just fine.We’ve even been called “The Lucky Generation”.

“At my age of 58, I will soon be joining that most exclusive club, but alas, with very little in personal savings.”

You and that exclusive club will have more in common that you think. I turn 65 in November and have already seen many of my long time friends retire at 62. All went well for about a year then they realize they can not afford the retirement dream they had envisioned. They are now stuck at home with too many financial liabilities and limited income.

The biggest liability I see most of them stuck with is a house, yea it’s a nice one but they’ve become prisoners within. My house isn’t as new as theirs or as big but it’s very comfortable and paid for, I never fell into the bigger newer house trap that so many did. Don’t get me wrong, about 15 years ago I had the same urge and the means but I couldn’t make myself do it. Still have a few years before my wife hit’s 62 and I plan to keep working. Three of those years I’ll draw full SS and a full paycheck which will more than offset her early retirement. Then again I may not retire few in my line of work do, most of us go to consulting. We’re the old geezer’s who show up on a location when all hell has broke loose.