It doesn’t matter how much money you make if you spend it all after you’ve already exceeded your ability to earn income through work when you still have decades left to live .
I don’t subscribe to “all boomers blew their money.” My parents worked hard all their lives, and were as successful as any average couple. They are fortunate enough to have a roof over their head and some assets to liquidate, but there’s no question they were not where they anticipated being financially entering retirement.
It’s just hard out here. Every year the rug gets a little longer, the treadmill runs a bit faster. Even if you get ahead, do everything right, it just takes one market downturn or medical diagnosis to still lose.
It doesn’t matter how much money you make if you spend it all after you’ve already exceeded your ability to earn income through work when you still have decades left to live .
I don’t subscribe to “all boomers blew their money.” My parents worked hard all their lives, and were as successful as any average couple. They are fortunate enough to have a roof over their head and some assets to liquidate, but there’s no question they were not where they anticipated being financially entering retirement.
It’s just hard out here. Every year the rug gets a little longer, the treadmill runs a bit faster. Even if you get ahead, do everything right, it just takes one market downturn or medical diagnosis to still lose.