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Reply to "The divide gets bigger as you get older..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]As a 50-something, I’m finding the ultimate divide is when you start seeing people announcing retirements in their 50s. They go on to sit on boards or serve as trustees of institutions. Some of it may be requiring different levels of money to feel comfortable retiring, but being able to leave the corporate grind in your 50s is winning.[/quote] This. Good friends retiring at 55 and 53, husband and wife. $2m home paid off, kids out of college and independent, healthy investments of stock and RE, and annual $250k income (guaranteed). Very happy for them…they won the race. Hoping we can get out in early 60s. [/quote] I am an older millennial. I suspect we won't have this problem the way older generations did. Either you have family wealth or you don't and where we are, you already know who has it. I know very few "self-made" people. [/quote]
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