I am about 2 years out from retiring, Debt free and saving like crazy...
If I thought SS would still be there, I would be able to live on that alone after I retire and never need to touch my retirement savings...
My concern is that the direction the world is taking in moving to a socialist/cashless society is going to wipe out my savings and endanger my home ownership.
Of course taking away (by law or force) the accumulation of a lifetime from someone who has nothing else to lose isn't very wise in my estimation...
Yep. There is ALWAYS something to worry about. My dad did. He had junk silver stashed all over the house when he died a few weeks ago at 90. About 300 lbs worth.
And that doesn’t include the gold. That’s why my parents never left the house beyond shopping trips for DECADES.
Sad.
Don’t get me wrong. My dad had a LOT of positive attributes, but that one was heart breaking. They even kept a junk car in the driveway so that people would think they were poor.
The Lord is in control. It’ll be fine, no matter how this temporary life turns out.
Way back in 1971 (high school) my friends were arguing that the government may not honor our savings bonds when they mature. I told them that if the FedGov is not honoring savings bonds, we will be living in a world where that is the least of your problems. ;)
If I thought SS would still be there, I would be able to live on that alone after I retire and never need to touch my retirement savings...
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You’re smart being debt free. You might find yourself spending more than you think in retirement so you don’t need the drag of debt obligations hanging over you. There are always unexpected expenses that pop up and there’s a tendency to spend money enjoying our free time in retirement. Just saying based on experience.