I spoke the other day about rich people whingeing that they don’t have enough to retire in luxury. In today’s news there is a 67 year old man who hates his job and wants to retire. However the poor thing only has $700K saved up. This only gives him $28K a year in interest. Poor old dear still hasn’t paid off his mortgage so how will he manage on that?
How the other half live.
I haven’t been able to save anything. There have been at least 3 different times that I had to drain my 401k just to keep a roof over me.
This old, crusty boomer should just die and leave that money to his kids.
I had a tiny amount saved, like a “get wiped out by medical emergency” amount and then being unemployed has erased most of that
That’s pretty much been my experience.