Retirement or lack thereof

Posted by: caloona

Retirement or lack thereof - 06/13/03 03:14 PM

Once again I don't know where to put this topic.I put it here because I am loosing sleep over this and my mental health may suffer if this topic doesn't get resolved and sleep continues to escape me.
I went to a "financial planner" at our credit union this week.I have about 10-12 years to retirement. I'm scared!!!All toll, at age 64, I'll have a whopping $1,700.00 to live off of a month.Much of that will have to go to medical.(My school system doesn't have a medical plan for retirees.)I have to take $300.00 more out of each paycheck a month now to have $150.00 more a month then.
Good reasons why I wasn't able to save more sooner,but is anyone else concerned about their retirement years?
Posted by: Dotsie

Re: Retirement or lack thereof - 06/23/03 11:55 PM

I believe there are going to be lots of baby boomers who are unhappy because retirement is going to be much later in life due to the lifestyles we have chosen.
Posted by: Micki

Re: Retirement or lack thereof - 06/24/03 01:46 PM

I WAS retired during my hubby's illness and for almost 2 years after his death. and our nest egg is gone. I am alone, working to keep the wolves from the door. It is a struggle, ecpecially since I have no real skills except this darned CDL B license and my "mouth of the south". Everything I did before the forced retirement is no longer usuable and I am working for a school bus company that pays by the hour. I am just doing my best to keep my head above water day by day. What happens in the future will have to happen--I can't put anything aside at all now. I don't have any regrets because the money went to make his life better for the last 5 years of it, and if my dogs and I have to live in the truck, then we will. I am grateful for the time we had together, 24/7 from his diagnosis to his death, and I wouldn't trade that for a mansion or all the money on earth. But, that said, I do think about it, too. I am 54 (55 in August) and I see what I am doing for my elderly aunts and uncles that have no children, as I don't. It is scary to think that someday everyone will be gone before me and I will have no children either. I guess I just have to give it to God and see what hisplans for me are.