Reality Check! It's Only Money. Right?
My mother was pouting the other day because my dad won’t “let” her retire. This from the same woman who taught me to “NEVER let a man tell you what to do with your money.” He tells her they don’t have enough money yet. And the sad thing is, I don’t blame him. I mean, my mother writes the checks for every bill in the household. My mother is also the one that gathers all their information to take to the accountant every tax season. If she can’t do a simple assessment of their retirement moneys and figure out if that will be enough money to retire with, how will she ever be able to manage her retirement budget?
It’s got me scared to death. I will be 30 this year and I have not started saving for retirement. So not only will I likely end up in the same boat as my parents, I’ll be taking care of them as well.