Comments by "LifeAD3.0" (@Leslie3.0Life) on "$100k a Year Just Isn't Enough Anymore ......." video.

  1. I really don't know how you young people are making it now. Much less saving and investing enough to have a good retirement nest egg. When I started working for the University that I graduated from, making $15,600 in 1991, my ultimate goal was to make six figures. Little did I know that the real value in working 26 years for a public university, was that I would receive a lifetime pension, as well as investing in an IRA. I'm a young baby boomer that retired last year at age 62. My pension is $70,000 a year and I took early social security that now pays me $25,000 a year. Because I'm worried about possible cuts to social security, I moved $100,00 of my IRA to a lifetime annuity, that pays me $7,000 a year for life. I admit that it gives me some comfort to think that I have six figures a year in guaranteed retirement income. But after taxes, even that's not really as much as it sounds. Thank goodness my house is paid off. I don't have any children, but I really am sympathetic to what the younger generations are going through. Wages have remained stagnant relative to living expenses for over 20 years. I'm pretty solid financial-wise, but I'm still scouting out other countries where I can live part or full time. You can live like royalty in places like Mexico, Panama Columbia, Portugal, Spain, Thailand, Malaysia, Vietnam and Phillipines. That may be something that future generations need to consider.
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