Hi there! I’m GRANDPA. As I have said in previous articles - I am here for you. I am here to take your questions or concerns and give you the best advice I possibly can. Age, gender or walk of life doesn’t matter, I am here for everyone and all types of issues.
Here’s my most recent inquiry:
Hey Grandpa, I am 35 years old and I work hard every day and I want to retire someday. You are probably retired so maybe you know something about how to do that successfully. What do I need to do to make sure that at least financially I am able to retire say by the time I am 60 or 65? Signed, HopeTo.
You are right HopeTo, I am retired and I am proud to say that so far it has been fairly successful. You are smart to want to know early about retirement. You are starting early but may not be starting to plan early enough, but it’s not too late. I am afraid that retirement advice for the future is kind of a good news – bad news situation. And here’s why:
The good news is that if you start early enough to prepare and are smart (and I might add – lucky) then a successful retirement is still possible. A lot has to do with both you and your spouse’s jobs and your personal circumstances, how much you get paid and at work how much room for advancement there is, there’s just a lot too consider. The bad news is that lots of things are working against anyone who wants to retire in the future. Things like: How long is Social Security going to be around and/or how old will you be before you are eligible to receive it, the cost of healthcare which seems to increase the older you get, the fact that pensions are rare and that in place of them people are not able or willing to fund their own pension, the general economy and the cost of living. But despite the negatives it can still be done.
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