Quote:
Originally Posted by AMSOILGUY
Ouch that will be a stinger for some folks.
From what I learned this drop just means things are on sale!
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If it spurs on ONE person to kick themselves into a different gear - then it was worth the "statement".
I can't tell you - all of you - how friggin' fast I've "grown old" (at 62).... and while I've been far luckier than most... Most people just don't do what they KNOW they should be doing as far as the "nest egg". My Mother in Law just turned 90 yesterday... that's 25 years past the retirement "age"... Her house is and was then - paid for - she had a few hundred thousand to live on. Live very modestly... and she's just about out of money. SS does NOT keep up with the cost of living.... and she chose ultra safety and tax free over growth and income. With the money she had - I could have made her a millionaire with the growth over the last 25 years and she'd be making 50 grand a year in income...
People fail to realize how fast the years go by and how long they're going to live in retirement.