Erik_in_TN
Mouseketeer
- Joined
- Sep 13, 2005
- Messages
- 156
First off, I am a habitual worrier who tends to look at the glass half-empty. But that is my top resolution for the new year to work on that.
Anyhow, I am 29 and live approx 45-min to an hour from my parents. They are in their late 50's-early 60's and quickly approaching "The Golden Years". I watch a lot of Suze Orman and other financial planning shows on TV, and from what I'm hearing, it seems to me that my parents may be on the naive side when it comes to retirement planning. I have brought this subject up to them before. They always tell me that they are fine, and to not worry about them, etc etc. But certain comments I have heard them say in the past lead me to believe they might be in for a shock when it comes time to retire. My father gets pensions from his job, my mother has always been a stay at home mom. They both think people such as Suze Orman and others are "full of it" on the subject of retirement.
They believe social security will be the safety net + my dads pension when that time comes. My mother assures me that if worse comes to worse, they can always sell the house in the event of an emergency. They tell me not to worry about them and they will be fine...but I still cannot help that gut feeling considering the ridiculous amounts of $$$$ people are told to have saved by the time they reach retirement age, which my parents do not have.
Should I listen to them and leave the issue alone? Thanks for any tidbits. Having a nervous day this afternoon... (probably due to watching too much Money-Talk news).
Anyhow, I am 29 and live approx 45-min to an hour from my parents. They are in their late 50's-early 60's and quickly approaching "The Golden Years". I watch a lot of Suze Orman and other financial planning shows on TV, and from what I'm hearing, it seems to me that my parents may be on the naive side when it comes to retirement planning. I have brought this subject up to them before. They always tell me that they are fine, and to not worry about them, etc etc. But certain comments I have heard them say in the past lead me to believe they might be in for a shock when it comes time to retire. My father gets pensions from his job, my mother has always been a stay at home mom. They both think people such as Suze Orman and others are "full of it" on the subject of retirement.
They believe social security will be the safety net + my dads pension when that time comes. My mother assures me that if worse comes to worse, they can always sell the house in the event of an emergency. They tell me not to worry about them and they will be fine...but I still cannot help that gut feeling considering the ridiculous amounts of $$$$ people are told to have saved by the time they reach retirement age, which my parents do not have.
Should I listen to them and leave the issue alone? Thanks for any tidbits. Having a nervous day this afternoon... (probably due to watching too much Money-Talk news).
