Saving for retirement when you don't plan to retire?

[Anonymous]

Do you simply save the same amount or do you just have a general savings/investments?

[Anonymous]

What do you mean you don't plan to retire? Are you just going to die at 65?

[Anonymous]

Anonymous wrote:What do you mean you don't plan to retire? Are you just going to die at 65?

In what world does a person have to either die or stop working at 65?

It means I plan on working until I'm dead or close to it.

[Anonymous]

You sound like my mil. She thinks she has some direct deal with god where she'll just drop dead when she runs out of money. Whacky.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What do you mean you don't plan to retire? Are you just going to die at 65?

In what world does a person have to either die or stop working at 65?

It means I plan on working until I'm dead or close to it.

Do you actually know any old people? It's very likely that you'll have some period of time at the end of your life where you'll not be physically and/or mentally able to work. What then?

[Anonymous]

I can understand planning for a late retirement, but please plan something.

Even an unexpected illness can lead to you stopping work at 65, 66, etc.

You may have to retire to care for a spouse or other relative who becomes disabled.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What do you mean you don't plan to retire? Are you just going to die at 65?

In what world does a person have to either die or stop working at 65?

It means I plan on working until I'm dead or close to it.

Do you actually know any old people? It's very likely that you'll have some period of time at the end of your life where you'll not be physically and/or mentally able to work. What then?

Long term care insurance?

[Anonymous]

Anonymous wrote:I can understand planning for a late retirement, but please plan something.

Even an unexpected illness can lead to you stopping work at 65, 66, etc.

You may have to retire to care for a spouse or other relative who becomes disabled.

I suppose what I'm wondering is whether not planning to draw down my savings "in retirement" should determine how much I'm saving for the purpose of not working.

[Anonymous]

I suppose what I'm wondering is whether not planning to draw down my savings "in retirement" should determine how much I'm saving for the purpose of not working.

I personally would save the same amount even if I planned to keep working until I keeled over. I mean, what's the worst that could happen if you save "too much?" You would die with more money than you "needed," but perhaps you got to enjoy a more comfortable retirement and left money to your family or to charity or other entities that are important to you. Not such a bad thing.

[Anonymous]

I'm sorry, what I meant to say is perhaps you got to enjoy a more comfortable old age, since you're not retiring.

[Anonymous]

Thanks. I'm currently maxing out retirement but it does feel strange socking away so much money for an event that I don't want to participate in. I thought maybe upping my insurance coverage would be a decent alternative

[Anonymous]

hanks. I'm currently maxing out retirement but it does feel strange socking away so much money for an event that I don't want to participate in.

I bet that once you reach "retirement age" and have to start making withdrawals, that you'll be able to find something to spend that money on.

[Anonymous]

Anonymous wrote:

hanks. I'm currently maxing out retirement but it does feel strange socking away so much money for an event that I don't want to participate in.

I bet that once you reach "retirement age" and have to start making withdrawals, that you'll be able to find something to spend that money on.

But the money I have is more valuable if spent now than it will be spent later

[Anonymous]

Anonymous wrote:Thanks. I'm currently maxing out retirement but it does feel strange socking away so much money for an event that I don't want to participate in. I thought maybe upping my insurance coverage would be a decent alternative

My 99-year-old grandma didn't plan to retire either, but life sort of forced it on her.

[Anonymous]

Same with my 96 year old granddad. Although he continued to put a suit on every day of his life. He needed his savings for the dry cleaning bills.

And fhe cleaning and cooking, since my grandmother went into a home 15 years earlier.