Comments on: Retirement: 10 years left, 0 savings – Money Magazine http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/ A place to discuss money...for the rest of us. Sat, 20 Mar 2010 17:31:32 -0400 hourly 1 By: david http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/comment-page-1/#comment-1892 david Mon, 19 Mar 2007 05:55:08 +0000 http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/#comment-1892 The most important thing Missy is that you are doing something, a lot of people have been in your position and caught up. Good luck! The most important thing Missy is that you are doing something, a lot of people have been in your position and caught up. Good luck!

]]> By: Missy http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/comment-page-1/#comment-1891 Missy Mon, 19 Mar 2007 03:41:44 +0000 http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/#comment-1891 My husband and myself are starting late in the game when it comes to getting prepared for retirement. Hubby has NO retirement. Very scary for me. I have been putting away 12 percent of my salary in the 401k (unmatched) and contributing a smaller amount to my Roth. Hubby has plans..... we shall see. (Some men just don't see it or get it) My husband and myself are starting late in the game when it comes to getting prepared for retirement. Hubby has NO retirement. Very scary for me. I have been putting away 12 percent of my salary in the 401k (unmatched) and contributing a smaller amount to my Roth.

Hubby has plans….. we shall see. (Some men just don’t see it or get it)

]]> By: david http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/comment-page-1/#comment-1789 david Fri, 16 Mar 2007 05:33:17 +0000 http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/#comment-1789 Therein lies the problem, EnoughWealth, they don't have to deal with it, their kids will or us, the taxpayers. Its a shame people don't take responsibility, but really, if they don't do it, the government will, which means you and I. That is why it is so important for everyone to become educated on this stuff, whether by your kids teaching you, or a mandatory class, or something! Therein lies the problem, EnoughWealth, they don’t have to deal with it, their kids will or us, the taxpayers. Its a shame people don’t take responsibility, but really, if they don’t do it, the government will, which means you and I. That is why it is so important for everyone to become educated on this stuff, whether by your kids teaching you, or a mandatory class, or something!

]]> By: Enough Wealth http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/comment-page-1/#comment-1784 Enough Wealth Fri, 16 Mar 2007 01:55:34 +0000 http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/#comment-1784 Simple answer is that in ten years time these folk are going to be unemployed, NOT "retired". I don't have much sympathy for most people in this situation - usually they have chosen not to defer any of their daily consumption up to now, which is why they have no retirement savings accumulated. It's their choice, just live with it and stop complaining! Regards http://enoughwealth.com Simple answer is that in ten years time these folk are going to be unemployed, NOT “retired”. I don’t have much sympathy for most people in this situation – usually they have chosen not to defer any of their daily consumption up to now, which is why they have no retirement savings accumulated. It’s their choice, just live with it and stop complaining!

Regards
http://enoughwealth.com

]]> By: Debt Be Gone http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/comment-page-1/#comment-1776 Debt Be Gone Thu, 15 Mar 2007 19:46:14 +0000 http://www.mytwodollars.com/2007/03/15/retirement-10-years-left-0-savings-money-magazine/#comment-1776 My parents are a good example of a couple nearing retirement with little to no retirement savings (they've only got about $30k saved, and my father is 55). I worry about them everyday, and have slowly come to accept the fact that what will likely happen is that when they can no longer work (which will likely happen in the next 10 years, especially given my father's health), myself and three other siblings will end up helping to support our parents. I really don't know what else they'll do... they still have a hefty mortgage, a great deal of debt, and barely make ends meet as is. Like I said, I worry about them every day... My parents are a good example of a couple nearing retirement with little to no retirement savings (they’ve only got about $30k saved, and my father is 55). I worry about them everyday, and have slowly come to accept the fact that what will likely happen is that when they can no longer work (which will likely happen in the next 10 years, especially given my father’s health), myself and three other siblings will end up helping to support our parents. I really don’t know what else they’ll do… they still have a hefty mortgage, a great deal of debt, and barely make ends meet as is. Like I said, I worry about them every day…

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