Friday, August 20, 2010

Laid Back

Lots of people are waiting for for 65 so they can sit back and not ever work again.

I guess I'm glad I've been working that time into my life as I go.

I am not saving anything.

So far.

It's kind of a silly joke. I don't appreciate enough what they above me have done for me.

I have never worked for a company that had a pension — except when I was in Japan. Once I worked for a religious organization, and they had something, too. I suppose I was silly to blow those few thousand dollars. But it was the 90s, and my parents were not involved in the decisions, and there had not been the kind of subliminal training that drove me to put "it" "somewhere."

Of course now it's more like 70.


m.v. said...

I am saving some,but it will not be enough for anything. Knowing my family history, I probably don't have to worry about living much longer than 65 anyway.

Le Grand Lapin said...

I made it. I spent it.

The idea of retirement is an alien pipe-dream. It has become painfully obvious that I will work until I die.

hearmysong said...

I think we will all work until we die, sadly. Retirement seems so far and unattainable. But it can't hurt to open a Roth IRA and sock away $50 or $100/month. The taxes come out now, when you are allegedly in a lower tax bracket. You can contribute more than $3K a year (not that I've ever done that--and that limit has been raised since it was established).
The best way I've found to do this without studying a whole lot is to get a Vanguard account--they don't charge the fees that most managed funds do. You can set up the account and link it to your checking account so that the money transfers automatically every month (you set the amount). And they have "age-horizon" funds (mine is target retirement 2035 or something ridiculous like that) that automatically adjust the investment based on your investment horizon.
It can't hurt to have something--however small--socked away, since Social Security will surely be bankrupt by the time we are 70, and we will probably want to travel some in our "old age."

Nick said...

somewhere is easier to lose than one initially suspects. and (of course) the emotions, situations, chances and people simply won't wait; even if they could, why should they?

it's trite for a reason - the second passes.