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kleinbl00 · 3211 days ago · link · · parent · post: The retirement revolution that failed: Why the 401 (k) isn't working
Had lunch with a buddy yesterday. He was ranting that his mom was guilting him about them ending up homeless and alone because their kids weren't taking care of them. He said "They're collecting $4200 a month in pension. They've got $2200 a month from social security. They live in a fully-paid-for house worth $650,000 and they have a hundred grand in laddered CDs. They can tap a hundred grand in liquidity and their worst-case-scenario is sixty four hundred a month. And they're giving ME shit for eating out too much." I should bitch. According to this article I have more retirement savings than a disturbing multiple of my peers.