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Reply to "Millenials are ruining their parents retirement plans?"
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[quote=Anonymous]I really do not get the whining. My parents were pre baby boom (1940) first generation college graduates and neither have a pension. They both are comfortably retired (they are divorced). Not rich, but planned at various levels for retirement. My dad didn’t really start planning for retirement until his mid 40s and he is doing fine, well by many standards. His advantage was his second wife is a saver and she was a very good influence in that regard. We are planning for retirement. I get not everyone has a high income but most on DCUM seem to save in 401K/TSP/IRA/etc some amount and I would guess the split between those prepared for retirement and those not has remained fairly steady across generations. Not everyone got pensions before and not everyone has 401K’s now. I am of the minority that think SS isn’t going anywhere. [/quote]
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