Originally Posted by
Noisecanceller
And you can use your 401k penalty free at 59 1/2 yrs old
And if you’re relying on SS in retirement you’re not an airline pilot. SS is survival not retiring. It’s nothing. I’m fully expecting it to be age 90 or extremely reduced by the time I retire. I say let me opt out and they can keep the six plus figures they have from me so far.
Kind of surprised Five Oh didn’t know about the 59.5 thing.
To your second point, safety nets are there for a reason. Take them away and you get impoverishment that exists in parts of the world that lead to major uprisings and revolutions. Think we’ll have to settle for Uncle Sam (mis)managing what will equate to about 20-25% of your retirement income.
Also, I plan on getting all my Viking cruises done between the age of 55 and 65. 65 plus I’ll be living simply, but comfortably in a lifestyle scaled for my golden years. Not sure how people expect to maintain vacation homes, boats and extravagant vacations after their peak earnings are behind them. Cultural entitlement I guess or the strain of trying to give your grandkids the lifestyle you were able to grant your kids.