Sadly, I don't think that mentality is very unusual anymore. I think it's fairly typical for folks who are still relatively young, and have seen nursing homes. Does it change when the magic number starts getting close enough to be a reality? Although it's probably more related to health than age. Look at Betty White, for example.
yeah i think i'd prefer a .22 behind the ear to a long stint in a nursing home.
Not yet. Greg wants to work another ten years, partly because he likes it and partly to take advantage of his earning potential for a few years longer. Also, it keeps us from dipping into SS and his pension too early. His mom will probably leave him with a cushion, as well, unless she lives another ten years, too, which could well happen. As for me, I hope I'm painting until either my eyes or my hands give out, and may that be on the day I take my last breath, thirty or forty years into the future!
my mum died at 61 so maybe if I die relatively young too that'll help. I don't aspire to be really old. 70 would be plenty, possibly too much for me.
Sadly, I don't think that mentality is very unusual anymore. I think it's fairly typical for folks who are still relatively young, and have seen nursing homes. Does it change when the magic number starts getting close enough to be a reality? Although it's probably more related to health than age. Look at Betty White, for example.
No. My pension pot will be too small when I retire and yet I work in a relatively well paid professional job and pay in at the recommended levels. The investment I am making into a pension though just aren't growing and yields are low at the moment so the future looks difficult. I'll be entitled to some state pension that ill have contributed too but that's not very attractive. We are fortunate to be kin to some careful saver parents and baby boomers who don't have any kids of their own so there might be some nest eggs coming out way that if used well and invested will provide us with security. Goodness knows what the next generation will do, we need to be thinking of them too.
..no need to think about that..they are soo screwed..and I am very sorry for that.. let us tell them gently..
Location: Really deep in the heart of South California Gender:
Posted:
Nov 28, 2012 - 2:24pm
I like to work. My friend (one of the guys that helped teach me my trade, along with my dad) is 10 years older than me... 68. He moved to Alaska quite a few years ago and is still pushing the tools. In fact, he is known through out the state for being the hardest working drywall finisher up there. He can outperform any guy up there. When I met him in 1972, here in the desert, he was averaging about $1000 a week. When everyone else was sitting at $450. This was all piece work. So this was earned... not given.
No. My pension pot will be too small when I retire and yet I work in a relatively well paid professional job and pay in to my pension at the recommended levels. The investments I am making into a pension though just aren't growing and yields are low at the moment so the future could look difficult. I'll be entitled to some state pension that I'll have contributed too but that's not very attractive.
We are fortunate to be kin to some careful saver parents and baby boomers who don't have any kids of their own. So there might be some nest eggs coming our way that if used well and invested will provide us with security. Goodness knows what the next generation will do, we need to be thinking of them too.
