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Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: Al1961 on January 27, 2017, 03:35:47 PM

Title: You can't save and retire in your 40's. Thats CRAZY talk
Post by: Al1961 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

Quote

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.

Title: Re: You can't save and retire in your 40's. Thats CRAZY talk
Post by: Metric Mouse on January 27, 2017, 07:07:09 PM

Quote

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.

Title: Re: You can't save and retire in your 40's. Thats CRAZY talk
Post by: Kimera757 on January 29, 2017, 06:49:02 PM

The exact same topic can be found at http://forum.mrmoneymustache.com/antimustachian-wall-of-shame-and-comedy/abandon-all-hope-retire-at-60/ on this forum.