Reply to Upper and UMC Ppl: Do you Actually Know Anyone Living Beyond their Means?

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Reply to "Upper and UMC Ppl: Do you Actually Know Anyone Living Beyond their Means?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]One way to look at this - how many people do you know in their late 50’s/60’s who are still working high-stress jobs with kids already graduated from college? I know young people always say they love their work but I don’t know anyone in their late 50’s/60’s who is not looking forward to retirement or at least slowing down. If you are already making a high salary in your late 20’s/30’s, you should be able to plan well enough to have more options when you are older. [/quote]

Are you kidding? My boss is 71, will not make any commitments to retiring. And it's not because of $$.  This job is boss's life.

There are at least a dozen people at my organization 65 and up who seemingly have no plans to retire. Because working is what defines their lives.

[/quote]

+1.  I have a close family friend who has been a Biglaw (V10) partner for the last 25 years and he lives, relatively speaking, not that high on the hog.  He almost certainly has tens of millions of dollars at this point and financially could retire if he were so inclined.[/quote]

This this this! My father is this person. He says retirement is where you go to die. I know for a fact he is sitting on a mountain of money and he has no problem spending it. He has a old school generous military pension and when he retired from the military embarked on a 2nd career. He's 70.[/quote]

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