Retirement Talk
Out of context: Reply #12
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- nocomply0
I'm 35. I think about it a lot, but haven't done much lately.
I've got a few things going, but I know it's not enough. Everything is on auto-pilot right now and I know I could be doing better if I put some time into reorganizing. The problem is I'm never able to make the time.
My wife and I both work full-time. We have 2 kids (3.5 and 5 months), and all of our extra income is going to preschool/daycare for the next couple years. It's frustrating, but it won't be forever.
Taking a good look at this stuff was on my to-do list for 2017 and it never happened. Now we're well into 2018 and I've still done next to nothing. Seeing this is some motivation to make it a higher priority.
My worry is that with the ever-increasing cost of living and the shrinking social security budget, it's going to be difficult for all but the top earners to retire comfortably. I predict that many of us are going to have to work at least part-time well into our 70s to make it work.
The best investment my wife and I made was buying a house at the end of 2011 when the market was at rock bottom. It's now worth almost twice as much as we paid for it, which is insane and won't last. But it's good to know we got a bit of a nest egg in our home.
- Feel you on the childcare ...up to $3000 a month for two kids up here!... FML!Static_Line