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Reply to "Does everyone on DCUM max out retirement?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t max out. Retirement is for blue collar workers. I don’t plan to retire. Rich people don’t retire, they continue work. I save money for things that I need but not for retirement.[/quote] I know a few people with this mindset and find it delusional. There’s a decent chance your health will fail or there will be some sort of change in your industry. Also, a 401k is an opportunity to invest $19k pretax. It’s one of the few tax breaks that rich working people still receive. I really wouldn’t want to count on continuing to work in old age. [/quote] Not sure why this is delusional. I’m building wealth to become rich and live well. That’s my goal, not some sort of retirement. Retirement minded people are saving money so they can quit and stop working. By the way, changes or health issues can happen anytime even when you are young. It’s more devastating when you are younger because your family depends on you. I’m more concerned about it today rather than later in life.[/quote]
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