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Tag Archives: social security

Retirement Savings Wake Up Call

choosing to save for retirement

I read an interesting article in response to a question about the need for a retirement savings wake up call. I’ve always enjoyed advice columns, even though I realize they should be viewed more as entertainment than fact. Just like with reality shows; boring and normal don’t make for great entertainment. Anyhow, this letter was from a father nearing retirement age who was facing a financial conundrum because he knew he and his wife didn’t have adequate retirement savings, yet he wanted to help his pregnant daughter with her own financial crisis. You can read the entire letter and response. I don’t think the semantics are that important, but what did strike me was the advice columnist’s take on why people can’t save for retirement, a thought many of us have probably had at one time or another. “Man, we spend too much on stuff we don’t need. Oh well, as long as we figure this out by retirement, we’ll be OK. It’s not like it affects us right now. Don’t Think It Can’t Happen to You Bam! That’s exactly why, at one time, we couldn’t stop ourselves from spending too much to make retirement savings a priority. We hadn’t had ...

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