Author Topic: Marketwatch 5 Ways to Avoid Becoming a Failed Retiree  (Read 1410 times)

robtown

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Marketwatch 5 Ways to Avoid Becoming a Failed Retiree
« on: March 17, 2018, 09:24:22 AM »
https://www.marketwatch.com/story/5-ways-to-avoid-becoming-a-failed-retiree-2018-03-14?link=TD_marketwatch_home_page.83461b39d1bfc251&utm_source=marketwatch_home_page.83461b39d1bfc251&utm_campaign=circular&utm_medium=MARKETWATCH

Basically have a plan and know what you'll be doing;  not much on how to save.    The first comment - wow - is it satire?


First comment:

Condor - Condor
1 hour ago

I'm 67 and living large!  No, I have no money saved for retirement, but I don't need it, either.  I declared bankruptcy once in my 40s and will likely do so again.  That time I discharged more than $145K in credit card and medical bills.  I don't pay medical insurance premiums, either - I simply show up to the emergency room if things get bad enough.

This ain't rocket science.  But it is quite possible to live footloose and fancy free with no savings.  You simply stiff your creditors. 

You can't take it with you, so why even try?  As long as Citi, Chase and Amex will keep sending me cards, I don't need to be a millionaire to live the life of one.

Travis

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Re: Marketwatch 5 Ways to Avoid Becoming a Failed Retiree
« Reply #1 on: March 17, 2018, 10:08:03 AM »
Have a plan and make sure you can afford it. Good advice.

If you don't have a plan to stay busy then you're a failure. Piss off, MarketWatch.

You work your ass off for 30 years you've earned the right to be bored out of your mind.  It means you have the time to figure out something to do if your days aren't full of hobbies and charity work right away.



Regarding that "stick it to the man" commenter, I can't help but feel he has a point if the credit card company is willing to keep approving him (assuming his story is true).