Sunday, October 10, 2010

Dude, You're Screwed!

Here's a guy who is 48, wants to retire at 65, but hasn't saved anything.

As I mentioned in the last podcast/audioboo, this kind of story is going to be repeated over and over again. People have not saved enough. This will be a challenge for the country. These folks will have to work past 65. These folks will look to the government to help them.

Maybe we will see folks moving back with their kids or finding roomies to share expenses.

I don't know what will happen, but I think with a large number of baby boomers closing in on an age they would like to retire, the question is whether or not they will have enough assets to do so.

Well, this guy has 17 years to save. Hopefully, he will be able to save and invest a large portion of his salary and the market will grow.

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