My 56 yo brother just told me he has zero retirement savings
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Date: September 22nd, 2025 9:26 AM Author: wine fragrant location messiness
He has about 200K equity in his home that he owes about 400K. Lives paycheck to paycheck and has two children in high school. His wife has a fake business that loses about 3k per month and she has nothing saved for retirement and hasn't been contributing to SS for over a decade. He cashed in his 401K to purchase his current house. He and his wife both drive brand new vehicles and from outside appearances, seem to be well off.
I didn't want to dogpile on him and lightheartedly said "It'll all work out!" but, we both knew I was lying.
He was visibly upset when I said my wife and I could retire at any time.
(http://www.autoadmit.com/thread.php?thread_id=5778610&forum_id=2)#49290851) |
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Date: September 22nd, 2025 5:11 PM
Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,.
(http://www.autoadmit.com/thread.php?thread_id=5778610&forum_id=2)#49292142) |
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Date: September 22nd, 2025 5:11 PM
Author: .,.,...,..,.,.,:,,:,.,.,:::,...,:,...:..:.,:.::,.
(http://www.autoadmit.com/thread.php?thread_id=5778610&forum_id=2)#49292143) |
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Date: September 22nd, 2025 11:34 AM
Author: .,.,,...,...,..,....,...,...,...
Honestly, this is probably TCR. I have lived frugally for years and maxed out my retirement accounts since age 24. I have a current net worth of around $2.5 million. My advisor tells me I could retire comfortably by age 57-58, and I most likely wouldn't run out of money if I retired at 52.
But those projections assumed that my spending remains the same. Realistically, if I quit my job before the wife and I are eligible for Medicare, I am paying at least several thousand per month in health care costs, making early retirement impossible. So basically I am working until a minimum of age 65 no matter what. And what does a lifetime of living frugally get for me? More money at age 65 when I'll be too old to do anything fun anyway. Some days I want to say "Fuck it," set all my retirement contributions to $0, and finally buy a sweet ass car and some nice vacations. But I'm too much of a beta cuck to every actually do that.
(http://www.autoadmit.com/thread.php?thread_id=5778610&forum_id=2)#49291102) |
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Date: September 23rd, 2025 12:31 AM
Author: .,.,,...,...,..,....,...,...,...
(dude who has never tried to buy insurance on the individual market)
For a couple in our 50's/60's, we would be paying $1,000-$2,000 per month in premiums alone. And for premiums that "low," we would have a deductible that is at least in the $20k-$30k range, so all of my wife's medications (she is diabetic and has a couple other chronic health conditions) would be paid out of pocket. So yeah, my guess is that we would be paying a minimum of $3,000-$4,000 per month until at least my wife is on Medicare.
(http://www.autoadmit.com/thread.php?thread_id=5778610&forum_id=2)#49293167) |
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Date: September 23rd, 2025 12:34 AM
Author: .,.,,...,...,..,....,...,...,...
(blue city shitlib)
Sorry to break this to you, city slicker, but if you don't live in a shitlib metropolis, you do need a truck unless you want to die a virgin. LJL at picking up your date in a Camry.
(http://www.autoadmit.com/thread.php?thread_id=5778610&forum_id=2)#49293179) |
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Date: September 28th, 2025 2:25 PM
Author: ;;......,.,.,.;.,.,.,.,., ( )
My cattle ranch is in Montana, do I have to return my truck
(http://www.autoadmit.com/thread.php?thread_id=5778610&forum_id=2)#49309505) |
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