UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: 2gifts Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75540  
Subject: Re: 401K is not employer matched Date: 5/13/2010 7:18 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
Fools believe you should save/invest as much as you can manage.

I don't. I think you should find balance because there's no guarantee you'll make it to retirement.


I agree. In fact, DH and I were just having this conversation yesterday about how we want to be saving for retirement, but we still want to be spending and enjoying life along the way. We want to be able to save for tomorrow, but we don't want to miss something today in case there is no tomorrow. The balance comes in because we also want enough money for tomorrow to do what we want in case there are lots of tomorrows.

I think there is a fine line between maximizing your savings and maximizing your living along the way, but I don't find these to be mutually exclusive. I think a balance can be achieved, and I think it helps to have your own goals clearly identified in your mind so that you know where you want to get and how you want to get there.

But I like to remember that the goal is not to have a lot of savings. The goal is to be able to do what we want throughout our lifetime, and money/savings is the tool that can provide that.

I think some people still confuse the goal and think it is to just have a big pile of money saved, but I find that fruitless. Money gives me security, flexibility, and choices, but it is still a tool that is used to get me to some end goal.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Kate Spade's Wild Ride
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement