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steve · 3212 days ago · link · · parent · post: The retirement revolution that failed: Why the 401 (k) isn't working
That may have something to do with the time in which they lived... But clearly they have made some sound life decisions. I know a dozen people their age who are barely eeking it out week by week. Those SSI payments? If they're lucky that's like $1500 per month. That Medicare? It doesn't cover everything. Be glad they made the choices they did at the times they could. On the other hand... As a dude trying to scrape by today... Feeling like the world is stacked against me... I hear ya. The chances of me retiring like my parents have (at 71) seems like a distant pipe dream.Sitting on SSI payouts and a pension and a 401(k). And a house fully paid off. (!!!!) They are both set up as long as they don't live too much longer than 100