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Reply to "interesting article on retirement"
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[quote=Anonymous][quote=Anonymous]Nobody retires if all they have is $7,000 a year plus social security. Those folks live with their kids and work until they drop. My ILs retired on $500,000 almost 20 years ago. They have almost that much left in their nest egg. My MIL thinks the concern about retirement savings is way overblown. I say it's because she's happy living on $36K a year. I'm the first to say that that is not my idea of retirement. At all.[/quote] My in-laws retired on basically this amount. It is painful to watch and due to poor decision making - they could have had quite a bit more, but frittered it away on trips, cars and junk.[/quote]
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