👴👵 What Retirement WISDOM Do YOU Have For The YOUNGER Generation?

[Anonymous]

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What would you TELL the YOUNGSTERS out there about retirement? 🤔

Thanks, Nicole 👴👵 (Retirement Forum)

[lewilmot]

First, I'd recommend they leave their egos at the door. AARP works to provide diverse benefits from pre-retirement to newly retired to more seasoned retirees. Use them! Save money, get memberships and points, learn the most important information EARLY for your future, travel, keep Healthcare, etc. It's unlimited. Go!

[SpringIsHereVA]

What would you TELL the YOUNGSTERS out there about retirement?   ‌🤔‌

Check out what OTHERS have posted.

Thanks,

Nicole ‌👴‌‌👵‌ (Retirement Forum)

[SpringIsHereVA]

[Sunday 4/6/25]

Take care of YOUR HEALTH so that as you AGE, you will NOT be dealing with ALOT of health issues = $$$.

Some we cannot avoid = age related.

But some come from YEARS of NOT taking care of ourselves.

Take care,

Nicole  👵  (Retirement Forum)

[WebWiseWoman]

Wait, wait, wait as long as you can! Retirement is truly BORING after the first couple of months.

The only thing I enjoy is not being enslaved to the alarm clock (I can't tell you how not hearing that screeching thing each and every morning is one of the happiest things in my life, immediately following the births of my three amazing, beautiful daughters, meeting their wonderful spouses, and the births of my g-kiddos).

[MichaelH590218]

If you invested just $10,000 30 years ago in the S&P 500 via the SPY ETF, those assets would be worth around $120,000 today. Reinvesting the dividends would have yielded even more. Use some of the great planning tools here at https://www.aarp.org/work/retirement-planning/retirement_nest_egg_calculator/ and https://mygoldenhorizon.com - I certainly wished I had tools like these when I was younger.

[WebWiseWoman]

That would be the $10K invested in one of my companies that went bankrupt, before retirement fund protections went into effect. ROI = $0.00

[DirkB349973]

Lots of good information here. I would add that if any company you work for offers a 401k or Roth 401k match, contribute enough to get their entire match. Don't leave free money on the table. Start contributing as soon as you can, even if you are young and retirement seems far off. Also, avoid borrowing from your retirement if possible.

[kevinm322]

Save what you can when you can.  Enjoy your family and friends, but be careful not to overspend.  be careful work doesn’t ruin your health or take a toll on your family by working too many hours.  This one isn’t original but affects me, unless you want to hear eeeeeeee 24/7 where hearing protection when around loud noises 

[nctarheel]

Here's my suggestions:

(1) Consider government work as it is one of the last vestiges of employers that have defined retirement pensions.

(2) Work for the required amount of years to earn full benefits.

(3) Work for government agencies that enable you to contribute to the Social Security system in addition to your pension plan.

(4) Many government employers will also pay for your health benefits in retirement up until the time you qualify for Medicare.

(5) Move to a state that doesn't tax retirement benefits.

[Anonymous]

WE "appreciate" you stopping by @nctarheel  !!!! ‌💃‌🥳, Nicole 🙃

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▶️@nctarheel wrote:

Here's my suggestions:

(1) Consider government work as it is one of the last vestiges of employers that have defined retirement pensions.

(2) Work for the required amount of years to earn full benefits.

(3) Work for government agencies that enable you to contribute to the Social Security system in addition to your pension plan.

(4) Many government employers will also pay for your health benefits in retirement up until the time you qualify for Medicare.

(5) Move to a state that doesn't tax retirement benefits.◀️

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