My Co Worker's Retirement

On of my co workers told us Monday that she is retiring this week. We all were excited and envious of her. But I started thinking about the money part of retirement. When you retire or even before that do you think about the cost of retirement. My co worker who is retiring told us that she cashed out some cds to pay her bills and that after all is said and done with her pension check and social security she should be ok. Living wise that is. I say what happen to the saving part of your retirement. You have worked somewhere for 25 years and in those years did you not save any money from your paycheck. Think about it if you would;d have saved $5 a paycheck which equals $10 a month then over the course of 25 years you would have saved $3,000 toward retirement and that is with only $10 a month! I spoke to another co worker of mine and she said that she is on such a tight budget because every extra penny she gets her hands on she put toward her retirement. she told me she did not want to depend on her social security or pension to live on. She wanted to do things and go places that is why she is saving money for retirement. If half of my co workers thought like just this one then a lot of them would be prepared when they retire ,but unfortunately most of my co workers go down to our retirement office and get a shock when the company tells them they cannot retire because they have either taken out to many pension loans which have to be paid back before you retire or they owe the city to much time which also has to be paid back .and to be honest most of my co workers can not afford to retire because they never planned for it.

Have a Great Cheap Cheetah Week