Reply to Young adult focusing too much on retirement saving?

Forum Index » Money and Finances

Reply to "Young adult focusing too much on retirement saving? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Saving is not a concern at all IMO.  He's got a busy job and wants to save up capital.  Front-loading it now for retirement is smart to use the time value of compounding.  It's also often a way of coping for people with stressful jobs--if they put in a bunch rather than spending it, there's more the possibility of an escape valve from their work.  If he were to spend a lot, he could end up with golden handcuffs so to speak--having to keep up a stressful job because he needs the money.

But maybe you're feeling a concern that he's avoidant or not living in the moment enough.  This really doesn't have anything to do with money, but you might be flagging the retirement savings as a symptom of this other thing.  If that's the case, then ask him about what he's doing for fun and talk about what you're doing that you enjoy rather than work/money.  It's his life of course, but asking about fun sometimes reminds people who tend to be serious and plan for the future to also remember to have fun in the moment.  But also question your own motives--is this a 'you're not on track to give me grandkids' kind of concern?  If so, then just keep it to yourself.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics