I've read everyone's posts and they all make sense, depending on where you are on the monetary ladder. Some people who were not government employees simply do not have large pensions. Some did manage to save quite a bit and can live comfortably without a pension. Social Security is really NOT much at all in the bigger scheme of things. Living in a mortgage free home has always made sense to me. As one poster mentioned the Great Depression, those who owned their homes free and clear , at least had a roof over their heads. Those with mortgages, lost their homes and their businesses in many cases.
We've never invested in the stock market, always believing that "Cash is King" and it's a good feeling actually..........
My question is:
"When do grandparents stop being over indulgent with GIFTS for all the grandchildren and adult childen?" I can see the handwriting on the wall. We have only been retired for less than two years now. Thanks in advance.
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