May've waited a BIT too long to save for retirement...

[SavinMaven]

https://www.uexpress.com/life-and-money-with-helaine/2019/6/11/how-to-fund-retirement-with-little

Summary: Early 70s, $50,000 in savings. They do own their home at least! Her goal? To retire as soon as possible.

[AliEli]

Their situation doesn't sound totally dire, I just wonder why they didn't think about it before one half of the couple retired 😕

[BTDretire]

Hogrider16 said it best,

  Maybe they shouldn't have spent every penny they made all these years.

She makes about $8,000 a month, will drop to $1,600 a month on SS, has $50,000 in savings and doesn't want to change her life style. This is why you start saving when you are young.

Something has to give.

[honeybbq]

I'm always amused when people want to retire but have no way to cut 75% of their spending.

and 100k as a 70 year old hairdresser? That's kinda badass.

[PDXTabs]

$550k in assets and $3100/mo in SS and I'd be in Europe tomorrow!

Their situation doesn't sound totally dire, I just wonder why they didn't think about it before one half of the couple retired 😕

It's possible that the other half is totally fine living on $1600/mo.