I am a big believer in traveling and have been fortunate to visit over half the states in the US, dozens of cities and maybe 10 different countries. I am planning another trip to Europe this fall. I also know how important it is for children to see the world as well as the country …
In the past, I never told people I was retired. Even while recently updating this post for republication, I still do not like talking about myself, and very rarely “pro-actively” talk about very personal things. Sadly I may even be less likely to pro-actively share personal details about myself in the future after my experiences …
There are many studies and surveys on this topic. Here is one more from the Survey of Consumer Finance (SCF) which is based on their 2016 data…the most recent they have. It is the average retirement savings by age, and as almost every study on this topic shows (including from SCF) Americans are woefully unprepared …