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Reply to "Are you worried about your parents losing social security?"
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[quote=Anonymous][quote=Anonymous]We did plan well, we thought. DH worked his entire career for the same company and had a very good defined benefit pension plan funded by payroll deductions and company contributions. Company bankruptcy wiped out the pension plan so we’re left with a fraction of what we expected. How were we to prepare for that? Social security (along with savings)is important for us to not need any future help from our adult children.[/quote] My company was big into wage theft. Invested all by myself. Learned so much and the market has been great. Retired early and now I'm investing for my kids. If the paychecks hadn't bounced, or had they offered a pension, or a 401k, I'd also be working now. [/quote]
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