Are You 40-50-Something And Beginning To Wonder ‘Bout Retirement?
Posted @ 11:05 pm - Filed under Purposeful Planning, Retirement, Lunch With Mom, 401(k)'s & IRA's, BawldGuy Axiom
As I write this it’s still Thursday, which means Josh and I had lunch at Mom’s, or Grandma’s, depending upon who’s doin’ the talkin’. Though retirement didn’t come up in conversation, something she said reminded me of data I ran across about a year ago. It was both surprising and an impending nightmare for a large and ever growing segment of the country.
The average Joe/Jane arrives at their 58th birthday with a 401(k) valued at less than $60,000 give or take.
Read that sentence again, and let it sink in.
58 today? Have $1,000 for every year you’ve been breathin’ on the planet, saved up for your glorious retirement?
Ever heard of the colloquialism ‘up the creek without a paddle’? Happy Birthday!
There are millions of ‘Boomers in their 40’s and 50’s. There are thousands and thousands who’ve recently realized they own a water born vessel, but without any visible means of locomotion.
Mixin’ metaphors like a banshee, it’s time to switch horses, even though yer in the middle of the stream.
These folks, about to be involuntarily drenched, have other assets available to them. They own homes with equity. Maybe they have that classic car Uncle Elmer left them. Whatever. They’re gonna be workin’ ’till they physically can’t if they don’t change their ways. They may anyway, who knows?
BawldGuy Axiom: ‘Bout the time the farmer got the old mare to work without eatin’? She died.
The mare didn’t have a choice. You do — so let’s cut to the chase here.
Don’t mean to go all Dr. Phil on ya here, but how’s yer current strategy been workin’ for ya so far?
Yep, know what ya mean. Ready for a change?
Call me, write me, send a carrier pigeon if ya have one. We’ve got horses for ya, just waitin’ to take you farther than that old nag on which you’ve been ridin’ to nowhere fast. They’ve all got the same name though — My Purposeful Plan. D’oh. Have a good one.
This entry was posted on Thursday, October 9th, 2008 at 11:05 pm and is filed under Purposeful Planning, Retirement, Lunch With Mom, 401(k)'s & IRA's, BawldGuy Axiom. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
