Your great grandparents worked until they died… at 65.
Your grandparents worked until they could collect their company pension and Social Security… at 65.
Your parents worked until they saved enough to retire… at 65.
But here’s the catch.
Our parents got screwed.
The 401k was written into law in 1978.
Over the next 15 years companies transitioned from pensions to 401k’s.
That means your parents woke up halfway through their career with a nasty surprise.
It was now THEIR responsibility to save for retirement, not their employer.
So they scrambled to save enough over the second half of their career.
Hopefully they were successful and were able to retire… at 65.
And now we’ve carried the “retire at 65” story with us even though Gen X & Y have be responsible for our
own retirement since the get go.
So ask yourself this.
If your parents saved enough to retire at 65 with the second half of their career.
Does that mean you only need half a career to save enough?
And if so, why couldn’t you save enough in the first half of your career and spend the next 50 years
enjoying your financial freedom?
Carrie Bradshaw voiceover:
Does our generation plan to retire at 65 just because that’s the retirement story we tell ourselves?
