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Money and Finances
Reply to "People who don't save for retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Everytime I look up what I should have saved up, I get stats on what the average American actually has. And they don’t have much. So what do all these people actually do when they reach their 60s and 70s? [/quote] They work. I know several 70 year olds that are working jobs.[/quote] I’ll probably work until 70. I would like to retire from my “real” job in 5 years, collect small pension and work a part time easier job and hold off on SS until 67. [/quote] The brutal reality is that like 50% of retirees are forced into retirement for health reasons. Guess what, the folks who can survive on $3k/month in SS usually aren’t the healthiest. Another good 30% retire because they are laid off…that group could work at Walmart if they wanted, but they usually have savings to supplement SS and just call it a day. [/quote]
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