Quote:
Originally Posted by cmj1210
We are retiring baby boomers with no pensions. We have made the right decisions financially with investments and savings which allow us to retire. I believe the next generations will do the same.
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Exactly! The writing on the wall about "pensions" being something to
not count on was written back in the 1970's and 1980s. We've never had a "pension" and our grown kids never heard the word in our house growing up. But they did hear, "
Self Retirement Funds and Savings" and "Don't depend on anybody else to secure your future except you and your hard work and savings." They get it.
Others their age (twenties and thirties) will have to learn the hard way, starting with student loan payments of $1100/month or more, plus rent over $1,000 and a car payment yada yada yada....on a $40,000 (maybe) income.
Our kids also have heard from us "Too many people are retiring too early in TV, and they are a P.I.A. because of it. Keep working at least some, and stay productive instead of being a
whining P.I.A."