At least you now realised your mistake and admitted it is your own fault and take personal responsibility that you will have to work way past 55.
There are irresponsible people who retired young thinking they have made it. They are the ones who will wake up too late, find out that their money is not sufficient to last the distance, that they are no longer employable and will be depending on hardworking people like you and me for charity.
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Originally Posted by Unregistered
What you said is the brutal truth. Many old people like myself still have to wake up early in the morning and report to a young boss, newly minted from some business school. This is our fault as we have not planned well for our future.
We just take life as it is without much financial planning. We suffer from lifestyle inflation. When our salaries increase, we upgrade to a condo, buy an expensive $200k continental car, go to US and Europe for holidays, spend a ton on our kids on piano, ballet, lessons which serves not much purpose. It is all our own fault.
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