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Reply to "Down and Out on $250K/year...."
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[quote=Anonymous][quote=Anonymous]22:58- I think we are actually in violent agreement in that $250K is an excellent income- no argument there. Apologies if you were not one of the posters who made the "saving for retirement is a luxury" argument, but several on this post have and I do take issue with that. If you are middle or upper middle class, you can definitely save some $$ for retirement and should. [/quote] Yes, but if you are not of the middle or upper middle class, you could look at someone who can have adequate savings for retirement with envy - "I wish I could do that." That is what I mean by luxury: I feel very grateful to have the option to save, and to work for a company who has a nice plan. I also think it is a luxury to own a home, have great health insurance, have a job that doesn't require me to punch a clock or stand in a factory line, and have things like paid sick days. But we are in agreement that saving for retirement is the right thing to do if you have the means, for sure. [/quote]
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