this is one of those topics where you ask 10 different people and you can get 10 different answers.
So it seems in the financial/investment/retirement world the message is if you don't have AT LEAST a million dollars saved that you are pretty much doomed to living your old age in a box underneath a bridge.....
Yesterday I went to a wine and cheese tasting with my sister and 4 of her friends.
topic started with wills and living wills but eventually got around to retirement.
Ages of us gals range from 52-62. ALL are retired except me.
now full disclosure 3 are retired correction officers and my sister and one other are retired NYC police officer so they all get pensions.
1 lady was also a retired military along with correction officer.
but I did ask if anyone had 1 million in savings. All said no, one young women does own a NYC apartment that generates income. 2 have mortgages, 2 do not.
I know quite a number of people who retired well before 67 and seem to be enjoying life as a retiree. Sure no one is running away with the cabana boy to live in tahiti but they seem pretty darn happy. they travel annually, have hobbies etc etc. Only one seemed interested in finding a second career.
So is all the doom and gloom about a nation of retirees about to implode media inspired hysteria?
So it seems in the financial/investment/retirement world the message is if you don't have AT LEAST a million dollars saved that you are pretty much doomed to living your old age in a box underneath a bridge.....
Yesterday I went to a wine and cheese tasting with my sister and 4 of her friends.
topic started with wills and living wills but eventually got around to retirement.
Ages of us gals range from 52-62. ALL are retired except me.
now full disclosure 3 are retired correction officers and my sister and one other are retired NYC police officer so they all get pensions.
1 lady was also a retired military along with correction officer.
but I did ask if anyone had 1 million in savings. All said no, one young women does own a NYC apartment that generates income. 2 have mortgages, 2 do not.
I know quite a number of people who retired well before 67 and seem to be enjoying life as a retiree. Sure no one is running away with the cabana boy to live in tahiti but they seem pretty darn happy. they travel annually, have hobbies etc etc. Only one seemed interested in finding a second career.
So is all the doom and gloom about a nation of retirees about to implode media inspired hysteria?