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re: What is your target savings and age for retirement?
Posted on 1/3/17 at 12:38 pm to TheIndulger
Posted on 1/3/17 at 12:38 pm to TheIndulger
quote:
But I certainly don't want to forego living life now to do it when I'm old and in worse physical shape.
its all a balancing act. I got lucky and made some smart moves, to enable me to live my life. So while I do mad savings, I also have a pretty robust life. For instance, I have visited 43 countries.
But yeah, don't want to live like a monk to die at 50.
quote:
Not sure what age, but maybe somewhere between 55 and 60...i work for an oil company and we have let go the vast majority of late career workers, so I need to be prepared for that to happen when I'm older and we get out of another boom cycle.
Happens in almost all industries. The one thing that we are seeing in my industry is that the retirement rate is faster than the production rate of qualified younger employees. I have heard this is plaguing a variety of industries, not sure if O&G is part of that though.
The biggest are public sector and technology. There is a shite ton of people who moved from other business functions to IT in the late 80s/early 90s. And they are retiring in mass.
Posted on 1/3/17 at 1:30 pm to Hawkeye95
Sounds like some industries suck if they are laying off older workers. You work your whole like, and then get laid off.
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