Reply to Everyone I know is laid off by age 55

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m 32 and work for a foreign government. Healthcare can be sorted out. Consulting is an option and a good transition to retirement. If EVERYONE gets laid off at 55, plan for it. [/quote]

Considering people still have kids in high school when they are 55, this is absolutely insane. Who can retire when your kids are in high school?[/quote]

This is what I always wonder. And if there are multiple kids, college costs can easily stretch into early 60s[/quote]

My last child graduates college when I am 67. My friend had list last child at 55 with his 45 year old wife. And both of us this if first marriages.

My friend lives in a rich neighborhood when his kid started pre-school when his was 58 he was younger than half the dads. It is a rich neighborhood so a lot of Dads on second or third marriages.

My cousin got married at 40 to a 50 year old and had three kids. But she invested like crazy, bought multiple investment properties and she was booted at 60 and her husband made it to 65 but at 65 he had a 14, 13 and 11 year old.

These are maybe rare examples but over last 25 years companies have ramped up pushing people over 50 out the door yet folks are marrying later and having kids later. 50s. Me I am turning 59 with a kid still in middle school and two in college   [/quote]

A number of my friends had kids early to mid 40's.  Not sure what their plans are. [/quote]

NP and all things equal presumably those folks were able to save more in their younger years when they didn't have childcare expenses.  Of course, it's also possible they lived it up while they were young too and didn't save much.[/quote]

You have no clue how expensive it is to be single. Finding a spouse, building a career, paying 100 percent of all bills at a paycheck on the lower end is hard.

My wife and I when we are both 30 and had not met yet were maintaining two apartments, two cars, paying two sets utilities bills, then the usual dating, going out, vacations, buying new clothes. It is expensive to find a spouse.

When we married she litterally moved into my place. out expenses for house fell in half, utilities fell in half, I got rid of my car as I was walking distance to train so no need for two cars and we stopped going out and vacations as married. Yet my HHI doubled overnight.

By compairision my neice got engaged young. She moved in college BF in his dumpy place no car, they look like homeless people next to single people, both WFH, never go out. If they were normal single people each would have a much nicer appartment, two nice cars, nice clothes, going to clubs, vacations, fancy dinners. The stuff you do to meet someone.    [/quote]

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