Most individuals are dreading the day of retirement. In fact, most baby boomers are prolonging retirement an average of 4.2 years. The combination of starting retirement late and the hit of the economic crisis has deterred the dreams of traveling and volunteering when desired.
For some, the dream of comfortable retirement is a reality. Not only has someone we met saved, but she taught her children the value of saving. Now that’s leading by example!!!!!
During her corporate life she dreaded retiring and living on a fixed income. With managed planning and living frugal she’s better off than expected. Her key is…not to spend more than your earn. This simple concept is dismissed by many and honored by few.
The joy of living the dream during retirement of volunteering, traveling and enjoying her grandchildren is fantastic. We viewed a visitation with her son. As he walked through the door she quickly asked questions about a new suit and cuff links.
He reassured her that the suit was on sale and he received an additional discount. After a brief discussion with his mother, the young man indicated that his mom taught him the value of a dollar.
If only more parents would take the time to lead by example, financially and teach children the value of saving. This world and many households would not be in debt.
“Love yourself enough support yourself.”
Property of SMG, LLC
Reported by Bahiyah Shabazz, MBA
- Poll: Boomers Not Ready for Retirement (abcnews.go.com)
- Pension plan just the ticket (lv.com)
- As Americans fret ability to retire, employee stock-ownership plans give peace of mind (thehill.com)
- Few Baby Boomers envision a comfortable retirement, poll shows (oregonlive.com)
- Take control of your retirement (fabulousandmoneysavvy.com)