re: do these people plan to work forever?

quote:

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Story of my wife and myself’ families is interesting to me.My wife’s and my father were both engineers,both always figured out a way to stay broke.Both filed bankruptcy,died without a pot to piss in.My wife and I have done very well as have all our siblings.Now all our children are financial disasters or barely scraping by.We only have one grandchild old enough to be in workforce,he’s a Navy pilot making a good salary.He bought a used Prius,focused on saving and investing and he plans to stay at least 20 years so will have pension.Remains to be seen how the other grandchildren will do but I’m hopeful.Our next oldest grandchild has made straight A’s 10 years,is planning to get scholarship and also wants to be Navy officer.

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There are few better ways to start life than through the military.

I enlisted at 19, went to Iraq, and blew all my deployment money in less than six weeks after coming home...learned how fast money can be spent.

After that got out went to college on an ROTC scholarship, set up my TSP and a ROTH, been on cruise control financially ever since. Lot of deployments and tough times but gonna hang it up in a few year and I'll never have to work again.

I have a coworker who has zero money in retirement and could not afford to pay off a $2000.00 hospital bill from his savings. He said he pays $20 a month on it. I asked him how is he going to retire and he said he will work until he dies. He just turned 65 and is enjoying using Medicare since he has not had health insurance the last 20 years. His yearly income is in the 50k range and he lives pay check to pay check.

Some people baffle me.