Reply to Saving for retirement when you don't plan to retire?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Think of saving for retirement as a form of insurance premium. You might need it and use it, or you might not. [b]But better to have it and not need it than need it and not have it.[/b]

My parents wanted to keep working, but ill health forced them into retirement whether they liked it or not (they didn't). [/quote]

right. except that this "insurance premium" is very expensive, and one also needs to live. nobody here is against retirement savings, it's just a matter of how much at what cost. according to this forum, one is supposed to live cheaply his whole life so he can address his end of life period with not a care in the world. i disagree with that.[/quote]

It's not that expensive to put aside a certain percentage of your income every month -- and you'd be crazy not to if your employer matches your contribution. I can't remember what I contributed when I first started, but it is 13% now. I never see the money in my bank account so I never miss it, and it doesn't mean I'm living a miserable skinflint lifestyle now.[/quote]

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