What is your retirement plan?

  1. patchofearth profile image82
    patchofearthposted 7 years ago

    What is your retirement plan?

    Aside from the obvious 401k, IRA, etc., how do you plan to support yourself in retirement? The more interesting the better.

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  2. lisavollrath profile image92
    lisavollrathposted 7 years ago

    My current retirement plan is called Work Until I Die. I hear it's pretty common these days, although not very popular.

    I had a 401K when I worked in corporate America, and it was doing pretty well before the crash. I managed to pull my money out, and dump it all into an IRA, before any of the principle I paid in was lost, but I did lose every penny it had earned.

    What remained of that money went to paying for cancer surgery with no insurance. It's a good thing I had that money to draw on, or I would have lost my house.

    So now, I have very little put by to retire on. I'm going to be working until I can't, and then, I'm not sure what will happen. It's not something I can worry about now, because I'm in my 50s, and it's sort of too late to rebuild what's been lost.

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    1. patchofearth profile image82
      patchofearthposted 7 years agoin reply to this

      Yeah, I definitely know a lot of people who have this as their plan. It's good you were able to hold on to your house. Best wishes.

      replyreport
 
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