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Money and Finances
Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Some keep working, which must get really hard at some stage. [/quote] This. My 67-year-old cousin just relocated and is looking for office work, which she's not finding. She thinks she'll have to apply to work in supermarkets. I don't understand how this is sustainable. If social security and savings are not enough for her now, will they be enough when she physically can't work anymore? [/quote] My DS16 works at a supermarket and several of his co-workers are in their 60s. They often work two jobs. Maybe at a restaurant and also at the supermarket. They’re on their feet all day, every day and stretching to make ends meet. He’s learned a lot of lessons from those coworkers. [/quote]I mowed grass and did some manual labor during hs and college. Worked with older folks and realized early that I had to save/invest for my retirement as soon as I got my first job after college. I knew there was SS benefits for retired working people but I did not count on it. It is a wonderful journey in life as you leverage your labor to financial freedom. Slow and easy, $$$ invested for decades doesn't disappear in a market crash or Presidential tantrum. [/quote] This!! Living a bit more frugally in your 20s and 30s means an easier path to retirement. Those who choose to do that tend to do better [/quote] +1 raise hand. I'm on track to retire at 56 with enough to live comfortably and travel until I'm like 95. This has always been my goal since my 20s so I lived frugally to realize that dream.[/quote]
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