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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For most people 50-65 are often the most EXPENSIVE years. Kids in college, mortgage on your trade up home, car insurance with kids on policy. Saving for retirement.

At 58 I had two kids in college at same time,my  car insurance skyrocked with kids on plan and home expenses shut up as property taxes, home insurance and repairs post covid way up.

You might also in your 60's now have weddings, new grandkid, medical bills.

And most people around 60 start thinking, let me get home repairs all done, get new cars or car repairs caught up, get medical caught up. Max out all retirement savings.

200K is not cutting it at all at 58 when bills are roaring into your life. It is not 45 when in starter home and kids public school days. It is big bills time. [/quote]

I’m sorry but this is all excuses from a lifetime of not saving enough. I don’t buy it. [/quote]

I saved enough however at 58 I only had a net-worth of 5 million. I cant retire early with that much bills still rolling in. Now 5 years later I got those two college tuitions done and 5 years more of mortgage done and now at 8 million.

However bills are still rolling in as still have a kid in college, I still like my job. No desire to be old retired guy in Florida in a 55 plus HOA. I like mentoring staff, going to Board meetings, going to conferences. So have no desire to retire. Maybe 68. Maybe grow my accounts to 12 million.

Money to be honest is really meaningless compared to I enjoy meaningful work and good health.

At work we have board members who are 70-80 who still consult some are on other boards too. They are lot richer than me.

When I do “retire” i will still be busy as I am on a board already, manage a rental property already and may teach as an adjunct professor and join a second board. 
[/quote]

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