Do you feel confident with retirement?

  1. Do you feel financially confident with retirement?

    What are your attitudes with spending?

    What income streams do you have in addition to social security income (which may be minimal in 30 years time)?

    Would you be financially okay if you end up retiring unpredictably early at 50? 60? (I think the current retirement age is 67 and potentially 70 down the road).

    Thanks!
    Last edit by sirI on Nov 22
  2. Visit bany22 profile page

    About bany22, RN

    Joined: Aug '06; Posts: 8; Likes: 16

    1 Comments

  3. by   Tweety
    Do you feel financially confident with retirement?

    I've lost $30K of my retirement funding since March, so no I don't feel confident at the moment. Hopefully things will go well as time goes by.

    What are your attitudes with spending?

    I believe in spending my money only after saving first. I believe in getting good quality things that will last so it might cost more in the short term. (things like appliances, cars,air conditioner, etc. Finally, while planning for tomorrow, I believe in living for today and am somewhat a spendthrift. I have a travel fund to travel the world, I spend good money on concerts, restaurants and books. I don't want to wait until retirement to live my life. I might have a stroke and not enjoy it.

    What income streams do you have in addition to social security income (which may be minimal in 30 years time)?

    Mostly, I'm going to have to rely on my 401K that I currently contribute to, and another fund that I rolled over to a financial management company when the people I worked for were bought out

    Would you be financially okay if you end up retiring unpredictably early at 50? 60? (I think the current retirement age is 67 and potentially 70 down the road).

    I would not because of my spending ways. If I took the money I currently enjoy on travel and curbed back social activities maybe, but what's the point in living later if I can't live today. I won't retire young or wealthy, but I can say I've traveled the world

    Thanks!

    Is this an assignment for school or why do you ask?

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