The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Free registration at the forum removes this block.

Average US Retirement Age Is 61--And Rising

bophisto

New Contributor
User Power
Value/Post Ratio
23%
Jan 12, 2012
44
10
Average US Retirement Age Is 61--And Rising - Yahoo! Finance

This is pretty sad. Plus even when most people retire past 61 (retirement in a wheelchair as MJ calls it) most still won't even have much money to enjoy themselves.

The comments are interesting too. Lot's of people seem hopeless. Not too many making comments outside the mainstream.

This comment is one of the few that seems to be in line with the 'fastlane mentality'

"Just who keeps pushing these stories about retiring later, there's at least one every week? Retire as soon as you can see a way to do so, you don't know when your time on this Earth will be up, enjoy yourself, say goodbye to idiot bosses."

Most comment seems to be along these lines:

"
we are retiring older because the feds stole all the money from ss and didn't pay it back. if they did then the retirement benefits would be higher than they are now and we could afford to retire earlier and make room for the young ones."

"
I figured it out and I can afford to retire two years after I die."

"
At my present rate of saving, I estimate that I will be 137 before I can afford to retire."

"
I think that for people of my age in my situation. The slow and steady patient approach is key. I am married with one kid and one on the way. Putting almost 1/10th of my pay away is a struggle, but u have to cut the fat and be regimented."


What do you all think about this? I am kind of surprised that so many in this country today feel so hopeless. Many people blaming politicians or corporations ,etc ..they are totally missing the point in my opinion. Yes politicians and corporations play a part, but what's the point complaining about it .....things will never be as they were. Also even if people did have a pension and could retire at 55 let's say. That's still decades of working before really being able to enjoy life.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

RBefort

Bronze Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
53%
Sep 14, 2012
425
227
Nothing more depressing than seeing older people drive 1990 model vehicles that are falling apart, a grandpa delivering pizzas, etc. Just so sad. Now granted, they could just not care/want to be out of the house, etc, but I have the feeling they just don't have money. My grandma still puts in 40 hours a week at a bread store, and used to be more when she worked at the thrift shop also. I don't know if she doesnt' have retirement money or not, but she just wants to be out of the house. Can't imagine having no money being old, no energy, etc.
 

valuegiver

Contributor
Read Fastlane!
User Power
Value/Post Ratio
19%
Aug 18, 2010
341
66
It is true that the Fed steal money via inflation. It's not entirely their fault.
 

The-J

Dog Dad
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
User Power
Value/Post Ratio
264%
Aug 28, 2011
4,220
11,139
Ontario
They've been sold a lie, plain and simple. They thought that they would be able to retire at a 'good' age.

Psych.

Too late now... or is it?
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

MJ DeMarco

I followed the science; all I found was money.
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
User Power
Value/Post Ratio
446%
Jul 23, 2007
38,249
170,709
Utah
It is true that the Fed steal money via inflation.

I've gotten to the point where I view "money" as nothing but mirages of paper that appear as digital pixels in the form of a number on a computer screen. At some point I fear, that number will mean nothing as will the paper for which it represents.
 

InMotion

Silver Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
62%
Mar 18, 2011
857
532
People just get on SS and disability as soon as they can and give up. I personally don't know anyone, that had a job/career, that actually retired comfortably at that age...those folks are all still working trying to replace the losses on their retirement savings.
 

CommonCents

Silver Contributor
Speedway Pass
User Power
Value/Post Ratio
69%
Apr 14, 2009
1,167
810
MN
Retirement is a mirage for most, there is a disaster looming:

from an EBRI report

• Workers younger than 35 have an average of $6,000 in savings
• Individuals between 35 and 44 have about $22,500
• Workers between the ages of 45 and 54 have slightly less than $44,000
• Those aged 55 and 64 (the baby boomers), have saved around $65,000
• People over the age of 65 have about $56,000
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top