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[quote=Anonymous]Except this is not your fathers generation. At middle school and HS in DC area tons of Dads in their 50s. Plenty bought s large home in mid to late 40s with 30 year mortgages. Kid three often pushes you out of starter. Add in elderly parents and kids starting college 55-65 can be your most expensive years. Now add in no Medicare till 65 and Cobra family plan insurance is around $3,000 a month a man 55 to 63.5 is screwed. I say 63.5 as COBRA is a max of 18 months which gets you to Medicare.

Plus less time to earn money. My parents generation did not go to college, many cops, garbagemen, postal employees, fireman, electric or phone company. Some started at 18. Remember 1/2 pension 20 years, 2/3 pension 30 years and 100 percent pension 40 years. My one uncle started at 18 retired 58 100 percent pension for life, kids already graduated college and still in paid off starter home.

Today a 58 year warranty of often has 20 years left on mortgage, facing no healthcare and several years of college tuition with no pension if laid off at 58[/quote]

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