IN today world. I dont know how retired people can make it just on social security If you dont owen your home. With rent Gas food and everything else going up How do you do it?
2007-12-11 03:30:30 · 23 answers · asked by Tracer 5 in Society & Culture ➔ Cultures & Groups ➔ Senior Citizens
yes i am very financially well off -- not luck but planned out every step of the way!!!
soial security was never intended to be the sole income for retired folks -- 50 years ago most every one owned (house paid for) and very few went into retirement with any debt -- now that is the exception not the rule!!! it is too late for most of the baby boomers facing retirement but hopefully there children will learn from there mistakes!!!
2007-12-11 04:10:20 · answer #1 · answered by Anonymous · 5⤊ 0⤋
It replaced into someplace in my mid-40s. My 20s have been surprisingly hand-to-mouth (and now and lower back i did no longer even get that a approaches--I wasn't making lots and it regarded like i replaced into consistently paying an identical expenses each and all of the time). I have been given greater suited at coping with my earnings my 30s yet then we had an earthquake and the chimney had to be rebuilt and stairways had to be replace and in doing so we got here across dryrot interior the partitions, etc. so I went into debt over those issues, took 5 or greater years to pay that down. My earnings greater adequate so i replaced into making better than I spent, stopped wanting to be widespread, stopped doing rather some the failings I used to waste funds on and all started enjoying this game: how lots are you able to save--It have been given to be a form of opposition in my innovations. If I had $7 interior the financial corporation, i had to get to a advantageous around $10, and because we are at $10, we could see how at once we are able to get it as much as $a hundred, etc. I stay comfortably now yet nonetheless hardship whether i will have adequate after retirement.
2016-11-02 21:43:37 · answer #2 · answered by weatherby 4 · 0⤊ 0⤋
We are well off. My husband retired 10 years ago at age 50 from a large company. We have great benefits and we can comfortably live off interest for the rest of our lives. We planned ahead. We didn't put all our eggs in the basket of government help. We have retirement funds, mutual funds, savings accounts. We also acquired long term health care insurance about 5 years ago. My husband retired young, so he has been working (as a consultant)for the last 10 years. He likes what he does and there is no pressure to work(he's making "fun money"). We visit Las Vegas several times a year, have a river cottage and are able to help out sons(and other family members)when needed. I know we are very lucky, but I would like to also think that we were smart enough in our youth to save and invest right.
2007-12-11 04:03:29 · answer #3 · answered by janice 6 · 4⤊ 1⤋
Treading water. Have had some bad luck and then my husband was diagnosed with cancer. I have Fibromyalgia and cannot find work. I couldn't work now anyway even if I could find a job that I could physically endure. My husband needs me to care for him. He cannot walk or use one of his arms due to the cancer metastisizing. We may drown before it is over. He had just gotten a promotion at work a few months before the diagnoses and was working on a project that was hoping to make some money on the side. Things can happen fast sometimes.
2007-12-11 21:21:56 · answer #4 · answered by Anonymous · 2⤊ 0⤋
We own our own home, never lived above our means, never bought on credit unless it was paid for the same month. My husband is retired from Chrysler, we have a good pension with all our prescriptions, glasses and dentistry paid for. We are also raising our 13 yr old grandaughter which gets a bit expensive sometimes with trips and acting classes . My husband and I are low maintenance so it works out ok.
2007-12-11 06:14:29 · answer #5 · answered by Donna 7 · 2⤊ 0⤋
It is more month to almost end of month. I have downsized a lot, my needs are small. I look at the bright side of things and stay positive, I have volunteered as a case work supervisor for many, many years with American Red Cross. I see people post natural disaster or had their homes destroyed by fire. They do not have enough posessions to fill a lunch bag. I have been there, so I am greatful to have a roof over my head, the electric paid, food to eat, and yes I am fortunate and blessed with wonderful friends as well. I count what I do have, not what I don't
2007-12-11 03:41:02 · answer #6 · answered by slk29406 6 · 5⤊ 1⤋
We are comfortable. We do have retirement money put away
so hubby can retire when he wants. But he enjoys his work
too much to do that now. I am retired, but work on a very
part time basis for Michaels craft stores. I also collect
Social Security. I don't use credit cards and pay cash or use
a debit card. We have lived from paycheck to paycheck and
sometimes it seems like we still do. We refinanced a few years ago, so our mortgage isn't too high.
2007-12-11 06:03:10 · answer #7 · answered by ? 6 · 3⤊ 1⤋
Just making it. Two years ago, I was comfortable, but with rising food and gas prices, and pay rates staying about the same my savings is taking a hit every month to make ends meet.
2007-12-11 03:35:33 · answer #8 · answered by Janice Dickinsons' Shrink 6 · 3⤊ 0⤋
Very comfortable now thank you. It wasn't always that way though. I brought up two children on my own and there were times when I went without food myself in order to feed them . I worked and trained hard in two areas that I love and now it is paying dividends. I have invested in property, and have a good return as houses have gone up in price, and rents reflect this.
2007-12-11 06:13:48 · answer #9 · answered by Yoda 4 · 3⤊ 0⤋
With a very small paid for house and three older paid for vehicles we will continue to work until we die to get by. Like others have said as long as we have a roof, food and utilities and friends and family it's just fine.
2007-12-11 04:05:58 · answer #10 · answered by Southern Comfort 6 · 3⤊ 0⤋