Retirement is the best thing my husband and I can do for the economy.
I had a great paying job when I retired. Some younger person then got that job. My husband has a great paying job. Some younger person will get that job next year when he retires. How frustrating it is to be a young person wanting to move forward in his career but have an older person sitting in that coveted position. It’s good for the younger generation, it’s good for companies.
Secondly, my husband and I have saved a long time. We won’t need to take social security until we’re 70. All this time we’ve been taking money out of the economy and buying index funds. That does squat for the economy! During our retirement our outgo will exceed our income, as it should if we spend down our savings like the average person does in retirement. That’s great for the travel industry, for the auto manufactures (new cars are in the near future for us), for the home remodelers (that’s in our future), etc. And no, we won’t need to depend on the government for anything because we’ve saved and invested responsibly. Our retirement will be wonderful and well-deserved.
Did the index funds buy the underlying securities? If so, you helped finance business growth