In other words, this is one of the reasons why we don’t have the same amount of income as we used to. If we were more diligent about saving and planning for retirement, we would at least have the same amount of money as we did before age 70.
While it’s true that we have been able to plan for retirement for the last few years, the fact remains that we have no idea how long we’ll be living. So there’s no guarantee that we will live to see another day. It’s hard enough to plan for life after age 70 and we’ve been living in the past few years. We should be planning for our future, not simply saving for retirement.
If you’re planning to retire, go ahead and plan as much as you can. Even if you’ve already planned, you might not be doing it right. If you’re planning to live, you should save for retirement.
The other big reason for retirement is that if you plan to live for a long time, you can’t plan for your death. If you plan for your death, then all the money you have saved will be taxed away at death. You might get that tax refund or you might not. Either way, youll regret it if youre not prepared.
Retirement is the time at which you stop working altogether and instead live on your income. This is not to say that you should not save, just that you should plan to live. So saving is a good idea, but only if you plan to live.
Retirement is the time at which you stop working altogether and instead live on your income. This is not to say that you should not save, just that you should plan to live. So saving is a good idea, but only if you plan to live. Therefore, when thinking about saving, it is a good idea to think about your death.
This is the best way to describe this. I remember when my father was a musician, he really wasn’t interested in spending time with Mom and Dad and thinking about how much work they would be doing if they’d never spent any more time with him. It was just that he was so interested in playing music, he really didn’t care what other people thought.
This is the reason why my mom likes to talk about saving a bit, like it is an investment. It makes the conversation seem like more than just a good idea. Thats actually why my dad used to tell me that saving was only a plan when you didnt think you would live. It is a plan, but you also dont care if you live or die.
Thats the only reason why some people would even try to save money if they had no intention of living. Not for the money itself, but for the comfort that you might be able to live with. I can relate to that. Ive had to live with my mom for a couple of years, but I always wanted to be able to have a little bit of my own fun.
The problem is that the majority of the population do not have a great track record with saving money. So if you want to become a millionaire, you should really at least have a plan of how you are going to make a living. Of course, the fact that he still has his money and has no plan to live with it is telling, which is why most people would think twice about it.