re: Not saving for retirement = freeloader

quote:

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I dont know what you deem not saving for retirement but my parents combined get $5000/mo or close to it, does that sound right? I think thats what he told me I wanna say give or take in social security, Id say for the avg person if your home is paid off and you get $5k/mo thats a pretty decent living.

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It is possible that is the correct amount but it would mean the both made max payments for 35 years EACH, very few couples accomplish this as it is rare for both to be high earners for that length of time.

Basically it means they BOTH made at or over the SS tax limit for a min. of 35 years.

This is not reality for 99.99999% of the population.