Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (24) | Ignore Thread Prev | Next
Author: Trini209 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19372  
Subject: Re: Accidental Retirement Date: 5/6/2005 7:03 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 11
The problems of not saving for one's own retirement are compounded by the fact that Americans are having their children at a much later stage of life than they used to.

My generation tended to have babies in their early to mid twenties. By the time we were in our mid forties, or at least by age 50, the kids were out of the house. We still had 15 years or so - and the knowledge and maturity - to save up some money before retiring.

Today's kids spend their 20's and even their 30's spending their entire incomes irresponsibly (my standards) on cars, vacations, gadgets, restaurants, etc. Their children arrive when they're in their late 30's and into their 40's, and those late babies are often still dependents when their parents are of an age to retire.

I had my 3 kids early, 2 of them when my husband was still a student, and I learned all about living frugally - we ate at home, drove second hand cars, fixed up old furniture, I sewed our clothes. When it came time to take a vacation, we packed up some camping gear and took the kids to $2/night campgrounds, or exchanged visits with old friends, sleeping on their floors. We never felt deprived.

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (24) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
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.
Post of the Day:

The Saddest Place on iPhone Day
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.