10 reasons to worry about retirement

Whether it's concerns about saving enough, or the rising cost of living, Americans aren't feeling too confident about retirement these days.

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May 15, 2013 9:04PM
I never saved 15% of my income, but I did save regularly for 40 years (and never dipped into that money for a new car or some other "necessity".)  I retired at 58, and have been living comfortably if not extravagantly ever since.  Social Security has been a help since I turned 62, and I'm looking forward to qualifying for Medicare later this year.  The real answer to preparing for retirement is DICIPLINE in your preparations.
May 15, 2013 10:56PM
It's not how much you earn but how much you don't spend.  Stop buying that $500 phone with the ridiculous plans that go with it.  Save your money. Don't drive the most expensive car. Bring your lunch. Eat breakfast at home.  Make your own coffee at work (if possible). Stop spending at Starbucks.  Think of ways to earn extra money and save it.  Forget about wasting your cash on Law School and the 200K education debt.  We already have 2 million lawyers.  Half of whom don't make more than 75K.  And remember -- this idea of retirement is really only a 40 year phenomenon.  Who says you must retire?  You should work if you're able and be productive.   Remember in the 90s articles written then said boomers were going to be destroying the system with their withdrawals.  Guess what? The system took their cut before the boomers could get to it.  Now we're all being encouraged to work until 70 and delay SSI until then as well.  Be self reliant and learn how to invest.  It can be done.  And people are doing it.
May 16, 2013 6:40AM

Retirement is still a reachable goal.  We need to admit to ourselves that Republicans and Democrats do not care about our retirement.  Business no longer feels it owes its workers a good retirement after many years of loyal service.  Heck I can't even remember the last time I heard of someone getting a Gold Watch on his/her final day of work. 


Start saving for your retirement today.  Save as much as you can. Learn the basics on how to invest.  Talk to a Fee Only financial planner.  Question why the investment they are telling you to buy is better than the one you currently own.  Do your own research and get a 2nd opinion. 


Hold all members of the government accountable for their actions.  Stop viewing Democrats or Republicans as always right or wrong.  The fact is simple neither side really cares about you.  They care more what the Big Donors want.  Forget the idea of class envy. 

May 16, 2013 8:42AM
My biggest worry right now is what the inept politicians in Washington might do next.
May 15, 2013 8:13PM
With declining wages and increased costs of everything and no company pension they want you to save 13% of a smaller pie? Do they think you can live your life in a van down by the river and then live in a luxury condo when you retire? All workers in the world, especially the younger ones, are screwed.
May 15, 2013 10:57PM
#11.   Fear our corrupt government.   Social Security/Medicare/caid IOU's
May 15, 2013 9:15PM
This article says that only 14% of current retirees made it past age 65. 47% retired unexpectedly earlier than age 65. How are we going to get people to age 66 or 67 before they retire based upon these statistics. I am trying to get there but it isn't easy. My past employer shipped a few hundred jobs including mine overseas in 2009 when I was age 58. I found a new job 1200 miles away. In 2012 I had to have 2 stents put in to resolve blockages. Arthritis is also taking its toll. I am lucky that my job is not highly physical. I am an engineer in the medical device industry with a masters degree and lots of experience.
May 16, 2013 10:59AM
ok so we blame this pres and the last one. prob the next one and that may be right so i guess we need to stop thinking they are going to fix it.  my husband and i do not make big money. i work a manufacturing job we are NOT ceos here.  we started saving early. we have a nice home, not new but nice cars. we have a couple of nice restored muscle cars.  We also have 250,000 in retirement and at 44 feel we are doing well.  People lose jobs and have thing beyond there control happen and i feel sorry for those people  but you have to do what you can,  I have a friend who complains how they just cant afford to save but they have a 40000 truck of course a camper for it, and  atvs, a new car etc. They are living better than me but i don't think that will be true 20 years from now
May 16, 2013 8:19AM

They left off the biggest worry for those retiring now.  Obama is your President!

May 16, 2013 12:52AM
I retired at age 57 sixteen years ago. My pension, social security & minimum required withdrawal from my IRA total approx. $31,000/yr & my wife gets a bit less. Everything we have is paid for including the house.
I don't waste a lot of money but I get anything I want. So far this year I am up over $6,000 from Jan 1st & my wife probably more.
One very useful fact is we pay no Kalifornia  state income tax, very little Federal income tax & the only Social Security tax is the amount we have to pay on our Social Security income. Even that could be avoided if we got a divorce & lived together because of the terrible marriage penalty built into that tax.
That very low tax rate makes our income far better than when you have to work for it.
May 16, 2013 9:34AM
What is worrying going to get you.  Much is going to be determined based on your health.  Can't work until you die if your health is not there.  The government wants to scare you into working until your in the big box in the ground.  Bull crap.  How many people have 500 thousand saved for retirement.  Live within your means helps but a lot is a crap shoot.  My dad lasted a month with cancer.  His long term nursing home policy collected zero.  Everything else to his second wife.  I'm out at 62, not one day later. 
May 16, 2013 9:48AM

Well you don't have to worry SS will be there for most ! After the motorcycle trip I took last weekend to the Outer Banks NC and sat and people watched... here it is. I would say 60% of the people I saw were very over weight I don't think most will survive to retirement. So eat away and you don't have to worry about any retirement. Obesity is a big problem in today's world in the USA. I think life spans will drop in the next 10 years.

May 16, 2013 7:37AM
This article and the one about food shortages project a 'doom and gloom' future for everyone.  Yet, in other articles, we learn about pet skunks and Oprah's body double!  MSN, is anyone at the helm? 
May 16, 2013 9:47AM
In the two-party system there's always the other guy to blame.  You hate Obama, and blame everything that goes wrong in your life to him.  Many hate Congress and blame the political constipation we're experiencing on them. Nobody wins except the "Country Club" spoiled politicians in Washington.
     Do you really think multimillionaires like John McCain or John Kerry represent  people living paycheck to paycheck?  Social Security is just "chump-change" to them.
     As for having 1/2 a million dollars saved for retirement, hope you're very healthy in your old age.  Neither the current health care costs, or the Obama Care,( coming next year),  will enable anyone to retire with confidence.

May 15, 2013 10:44PM
No. You should be the one too worry. I'm not worried. I am 66 and I don't care about my credit rating. I don't care about Face book...I don't tweet. I'm a returning hippie. Science beat the fear of god out of me a long time ago. Peace . 
May 15, 2013 8:46PM
I'm sick and tired of articles telling us how we need worry, be fearful and scared about our future. I'm 46 and doing the best that freaking can. F-Off to MSN and the person who wrote this article.  F-OFF. Nuff' said.
May 16, 2013 1:15PM
As Warren Buffet says "spend what you have left after saving" not "save what you have left after spending".
May 16, 2013 10:06AM
When I was young if I wanted to have an easy life when I got old that i would have to sacrifice.And sacrifice I did.Never bought a new car.Would drive A car over 15 years.I never bought A video game.
 only 1 phone,1 TV set.And saved like you wouldn't believe.
May 15, 2013 9:59PM

You can't retire - Barry needs you to work to generate tax revenue to pay the trillions in debt that he's racking up, and your grandchildren's incomes just won't cover it.  mmm, mmm, mmm!

May 16, 2013 12:02PM
In Montana the 2013 legislators REDUCED the retirement benefits for all Teachers and Public employees CURRENT and FUTURE retirees. Also signed into law by the governor. They are now thinking of eliminating the retirement programs totally in their next session. If you are relying on a pension check TODAY it may be gone TOMORROW. IF they can do it in MONTANA, they can do it on a federal level.
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