Blues Man
Diamond Member
- Aug 28, 2016
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People make the choice not to save any money. If anyone is flat broke at retirement it's their own fault.Most did.
Having said that - everything you are saying detracts from the most important point of all.
Likely over half of the population of my generation is going to be flat out broke and in debt late in life.
First time in our history this is true.
In another 10 years there are going to be millions of older people needing government assistance more than ever before.
All due to people not having pensions, and doing nothing to save for retirement.
Saving money isn't really that difficult. Spend less than you make save up an emergency fund when that gets to about 3 months worth of your net income start saving the rest in a Roth IRA.
Do that from the time you get your first job until the say you retire.
I retired at 51 because I did just that.