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Personal Finances / Living Below Your Means


Subject:  Re: Don't do this.... Date:  2/23/2014  7:36 PM
Author:  rharmelink Number:  880373 of 902379

I don't think this lady's issues are only the result of the recession....

It's like she gave no thought at all to where she was investing $200K. You don't just invest money like that, and then HOPE for the best. You better have a solid plan.

So many of the people in the video said they didn't start thinking about retirement until they were in their 50's. Too late.

When I was in my early 20's, I was already planning to be able to retire before I was 40. And my planning included an assumption that SS/M would not be viable when I reached normal retirement age. If they did still exist at that time, and in a version where I would get benefits, that would just be icing on the cake.
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