I don't have a particularly sensitive job so I've told some close coworkers about our plans for early retirement. The topic came up at lunch yesterday and I was shocked at the responses of some of my extremely intelligent and level-headed colleagues.
Three colleagues told me that they were envious of our plans because they are in their 60s and don't have retirement anywhere on the horizon due to lack of funds.
I've read the research and know that the savings rate in the US now hovers around zero but I was shocked that these people who have their lives so together had fallen victim. It made me pretty sad for them. They want to stop working but can't and feared that they would probably be unable to pursue any of their passions after putting in 40+ years of work.
What's your experience? Do you feel like most people you encounter have a handle on retirement or is that the exception to the rule?
Three colleagues told me that they were envious of our plans because they are in their 60s and don't have retirement anywhere on the horizon due to lack of funds.
I've read the research and know that the savings rate in the US now hovers around zero but I was shocked that these people who have their lives so together had fallen victim. It made me pretty sad for them. They want to stop working but can't and feared that they would probably be unable to pursue any of their passions after putting in 40+ years of work.
What's your experience? Do you feel like most people you encounter have a handle on retirement or is that the exception to the rule?