Sunday, August 12, 2012

Retirement?

For the past few years, as I've gotten older, I have been thinking about the benefits of retirement. Lots of things come into play when considering the many years ahead. Will I have enough money? Will my cost of living expenses increase or decrease? Have I saved enough, invested enough, made wise enough decisions?

While reading a few (ok, more than a few) articles on retirement, I realize that based on my standard of living and the 'experts' recommendations I may be working until I'm 103! Even though I started early with the 401k, worked for Local Government for over 22 years and will have a pension, I'm not sure I'll have enough money!

Will Social Security even be an option when I am old enough to consider 'not' working?

So, what will you do? Do you plan to work til you are too old to enjoy retirement? Will you retire early? Will you be ready when your 'perfect' retirement age comes around. Really gives you something to think about, doesn't it?

16 comments:

  1. I'm always thinking about retirement and the big will they still have retirement when I'm older. It seems like the retirement age is getting higher and higher... by the time I try to retire I'll already be dead.

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  2. In some ways I feel retired since I haven't worked since 2008 to stay home with the kids. But I have to go back next year and I will be looking at companies that offer a matched retirement plan. I would like to retire at 65 and I plan to be ready

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  3. I just WISH I could retire. Waiting for that magical number tho, and not much I can do till it gets here.

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  4. It's certainly a scary topic to ponder, but a must for each and every one of us. I am still quite young (20s), but I fear I will be working until I drop dead!

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  5. I'm sure we will be on our own when we "retire." It's so scary, but hopefully you have worked enough to live comfortably.

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  6. It's scary to think about... especially considering I lost about 75% of my 401K in 2007 when the economy tanked--over $5000 was gone almost overnight! It made me reconsider what I was putting away, and how aggressive I was being with my investments, which means I'm putting away less now and going with a safer plan instead of a more aggressive one, which means my returns are less. It's unfortunate, but I'm not sure if I'll be able to retire when I hit that age... I may have to keep working.

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  7. It is a very scary to think about. I work to make sure I have a good retirement, but you never know how life will go. It is scary!

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  8. This is definatley a scary thought! With the way things are going, I don't know if any of us are every going to be able to retire!

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  9. I sure hope my husband is able to retire at an early age! I feel bad for those who have to work their whole lives. My husbands grandma is nearly 70 and she still has to work every day!

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  10. I don't have a plan but I know that people in my generation will basically have to win the lottery if they ever plan on retiring and having any quality of life and get to do the things they always dreamed of.

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  11. It is so scary to think about retirement but having a plan is the way to go. Really good post!

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  12. I have no idea what I'm going to do. I don't work and never really have. I'm on disability. I've not saved any money. I'm not doing well.

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  13. I'm a long ways away but with the way they keep raising the age before you can receive pension for retiring...it looks like I won't have much time to enjoy retirement.
    Whirlwind of Surprises

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  14. We are investing and trying to live a healthy lifestyle. I hope its enough!

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  15. I know this is something I need to give more thought to. Thanks for bringing up the subject.

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  16. I know I need to think more about retirement but so difficult when you are a starting business! At least my husband has started investing :)

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Your comments are appreciated and always welcomed!