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do you consider social security a part of your retirement income?
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do you consider social security a part of your retiement income?
do you consider social security a part of your retiement income?
To add, I started about 3 1/2 years ago, I'm 28 and have over $10k put back.
About to move, my expenses are expected to go down, allowing me to put more towards my general savings/retirement fund.
I am 54 and I do not count on SS being there when I retire. It would be nice if it was but I am not counting on it. I figure, after I retire, according to wonderful jewish accountant, with my pensions, mutuals, business residuals and natural gas royalties, coupled with the sale of my home, I should have around 2.25 - 3.0 million to get me through my twilight years, (assuming we don't go into depression or the people the GOP tends to protect gets at my money again, like they did a few years ago.) Truly, spread out over a period of 20 years or so, that really isn't a helluva lot of money to have on hand. But I'm a man of simple means. I plan to retire in a simple beach house near the Gulf of Mexico and as long as I can pay my utility bills and the other daily nickle and dime bills that come along day to day, and still afford fishing tackle and bait, I'll do just fine.
I can't vote yet :lol:
then it's ok if you have nothing saved.....:mrgreen:
At this time, I don't see myself ever wanting to retire, TBH.
At this time, I don't see myself ever wanting to retire, TBH.
then it's ok if you have nothing saved.....:mrgreen:
Just my :twocents: but retiring doesn't always mean that you stop working.
It can mean that you have the flexibility to stop working for someone else.
Just my :twocents: but retiring doesn't always mean that you stop working.
It can mean that you have the flexibility to stop working for someone else.
Well I'll be 21 in September, and I should be done with school when I'm 23, and I plan to open a CD and put a part of my paycheck in it for my retirement. I don't count on SS being there for me when I get that age, so I should save for myself. So that's my plan, even though I'm too young for the poll :2razz:
broke, huh? :mrgreen:
I've run my own business before, I have no interest in ever doing it again. I'm content to work for someone else.
damn, i'm sure you will! i do count on social security to be there....i'm 52. we have enough saved to buy another house (cash) and still have some left over when we are finished sailing. we will probably retire in another country. my husband has a pension and health benefits, which we will live on starting in a few months, for as long as we can sail and live on our boat. we have made a conscious decision to do it now rather than wait until we have "enough". we've seen too many people retire and then die, or their health go downhill.
I enjoy gardening, particularly grow fruits and veggies.
I wouldn't have any qualms quitting what I'm doing now, to do that, if I had a retirement income.
It's very medicating to me.