Do You Feel That You Planned Well For Your Retirement?

Discussion in 'Retirement & Leisure' started by Lon Tanner, Feb 6, 2019.

  1. Lon Tanner

    Lon Tanner Very Well-Known Member
    Registered

    Joined:
    Apr 14, 2016
    Messages:
    696
    Likes Received:
    1,043
    If not----What would you have done different?

    If so-----What were the major parts to your planning?
     
    #1
  2. Mary Robi

    Mary Robi Well-Known Member
    Registered

    Joined:
    Nov 4, 2018
    Messages:
    267
    Likes Received:
    651
    Well, I had planned to have my husband around in retirement (if you want to hear God laugh, tell Him/Her your "plans"). But, that said, the plans we made before he died 13 years ago have served me well in retirement.
     
    #2
    Don Alaska and Holly Saunders like this.
  3. Thomas Stearn

    Thomas Stearn Well-Known Member
    Registered

    Joined:
    Apr 21, 2018
    Messages:
    469
    Likes Received:
    814
    "Do You Feel That You Planned Well For Your Retirement?"

    Absolutely but you can't plan your state of health, can you?
     
    #3
    Don Alaska and Holly Saunders like this.
  4. Sheldon Scott

    Sheldon Scott Veteran Member
    Registered

    Joined:
    Mar 13, 2015
    Messages:
    2,679
    Likes Received:
    4,027
    No, Not as well as I should have. Things have turned out really well for us but I should have started saving for retirement much sooner.

    I wish 401k had been around all my working years.
     
    #4
  5. Cody Fousnaugh

    Cody Fousnaugh Veteran Member
    Registered

    Joined:
    Aug 12, 2015
    Messages:
    5,159
    Likes Received:
    3,797
    My wife was a much better "planner" before met and since we've been married, because she makes a much better salary than I ever did. A Bachelors Degree is a very nice thing to have! Anyway, even with good planning, changing jobs due to a lay-off or company closing doesn't help with the future.
    As for me, a person can only do so much when making only $9 to $10 per hour, with only a high school degree. College and I ended up not getting along.

    IOW, in order to have good "planning" and still have a descent lifestyle, "salary" and "longevity" on a job are the key things. There are those that are lucky to have both...…….I sure wasn't!
     
    #5
    Don Alaska likes this.
  6. Gloria Mitchell

    Gloria Mitchell Very Well-Known Member
    Registered

    Joined:
    Mar 18, 2017
    Messages:
    2,461
    Likes Received:
    3,772
    Nope- started late in life-however there is no such thing as enough money in retirement- it all can vanish in an instant.:rolleyes:
     
    #6
  7. Babs Hunt

    Babs Hunt Veteran Member
    Registered

    Joined:
    Feb 12, 2016
    Messages:
    7,826
    Likes Received:
    10,191
    No matter what you plan...so many things can change those plans. As a Christian I did the best I could in being a wise steward of what God has blessed me with and trusted Him to make the provision for everything I needed at all ages of my life. He's done a fine job of that even now in retirement.
     
    #7
    Don Alaska likes this.
  8. Sheldon Scott

    Sheldon Scott Veteran Member
    Registered

    Joined:
    Mar 13, 2015
    Messages:
    2,679
    Likes Received:
    4,027
    That is so true Gloria. If you or your spose ever have to be in a nursing home your money won't last long.
     
    #8
    Gloria Mitchell likes this.
  9. Tim Burr

    Tim Burr Very Well-Known Member
    Registered

    Joined:
    Jul 20, 2016
    Messages:
    1,203
    Likes Received:
    2,496
    If I read the advice from 'money sites', we could never have planned enough.
    I realize that they want you to use a 'service' for your planning.

    You save and plan after you take care of your family.
    Hopefully, you can still have something left over after 'life' has it's say.

    Lucky that my wife and I agreed on our savings/retirement plan.
    After the youngest moved out, we shifted into mega mode putting money away and investing.

    Guess we'll see if our plan can see us though.
     
    #9

Share This Page