Author Topic: You can't save and retire in your 40's. Thats CRAZY talk  (Read 2417 times)

Al1961

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You can't save and retire in your 40's. Thats CRAZY talk
« on: January 27, 2017, 03:35:47 PM »
The subjects of this article are mustachian. The author and financial "advisor" not so much.

http://business.financialpost.com/personal-finance/family-finance/dads-retirement-at-age-42-a-large-risk-for-family-with-five-children-mom-working-part-time

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Situation: Dad, 37, with five young children wants to retire at 42 and raise his kids on savings
Solution: Abandon the plan and work to age 60, then take early CPP and later OAS for security

SMH

edit. Maybe wait to 45 or so to grow the stache a bit more.

Metric Mouse

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Re: You can't save and retire in your 40's. Thats CRAZY talk
« Reply #1 on: January 27, 2017, 07:07:09 PM »
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With this plan, family income would be $3,900 a month. This income would cover present expenses and allow a little saving

I'm so confused. The numbers work out (though without a bigger house), but the answer is still "No. Work until you're 60." What. The. Hell.

Kimera757

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