As one of the younger guys in the office, I hear a lot about retirement planning from people at the office.  Some if it is pretty solid advice like “start saving now or you’ll regret it later”  or “don’t wait till your mid thirties like I did”.  Unfortunately, this is all stuff I already know, so I read articles in magazines and on blogs for more information.   I also have met with a financial planner before, and they all suggested that I would need a very large amount of cash when I retire.

I’d need all this cash to keep myself healthy and take a lot of medicine and go to the doctor all the time.  I’d need a lot of cash to make sure that I’d be able to cover inflation costs and keep food on the table.  I’d need a lot of cash to visit children and grand children, unless of course I wanted to put my grandchildren to work so they can pay for their own plane ticket to come see me.

I’d also need a large pile of cash so that I can stay in my own home as long as possible before I moved to the basement at my kids house.  Clearly, this list is not exhaustive, but it is exhausting.  With so many things to consider and the amount needed to save seeming so large, it’s no wonder that people put it off.  ”It will be easier when I earn more money” as they say.

Still A Long Way Out, But Better Plan Now Read More