I have never paid into SS, (nor pension). Instead my employer has a 401a. Probably about 5% of workers are not in SS.OP....I see where you said you will not have a pension ....nor SS. How is this possible? I may have missed it but even self employed people pay into the SS system. How is it that you will not qualify for SS? Do you not have 40 quarters of employment? Just curious and I must be missing something?
One thing our fee based FA did was to force us to admit the probable need for a line item in the budget for"helping out" adult kids. As much as we'd like to think that they all are over 21 and on their own, several of the 5 still seem to need the odd extra 300-500 bucks once or twice a year. Not major but still rather than being in denial about it we put it in the budget. I really hated that he was right .