re: This Is What Life Without Retirement Savings Looks Like

quote:

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I mean I understand HOW this can happen but how the frick does someone with a 401k let this happen?

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It’s easy.


When you are constantly loading up the CCs, and spending that 10% of a fheckbto pay it down, but when it’s down you have a high limit free for the using.

Rinse and repeat.

Far too many people actually think they are going great idly thinking about retirement and weatgeectgey should start putting anything aside in their mid 30s, when in reality a smarter benchmark is having a years worth of income put aside at age 30.