Writer's Block: Senior Living

[veronica_rich]

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Re-tire-ment? What is this of which you speak? I'm afraid I'm not familiar ... Wait, isn't that something non-1-percenters used to get to do?

Comments

[finding-neo.livejournal.com]

Oh my goodness. I'll be working till I'm 70. I read an interesting thing about 401K - they said you should live off your 401K or whatever retirement savings you have when you can start drawing it without penalty until you reach the maximum social Security age, which I think is 70 instead of taking early retirement at 62 or even 65. The math worked, but why not just keep working? Your SS benefit increases every year as long as you're working. The problem is that the dollar won't be worth what it is now in 23 years when I reach 70 so you have to max out your SS even if you have savings.