90 years old and 233k is a “chance” at retirement…
We can’t keep ignoring this shit, it needs fixed and not just by donation websites.
At the risk of coming across as insensitive, I really wonder what happened in this guy’s life leading up to this. He lived through the “easy times” where boomers were buying houses on a single income, in fact he had a 10 year head start on them. The article says he only receives $1,100 from social security - so does he have $0 savings / investments at 90 years old? Genuinely curious, not taking a shit on him - this will be me at 90 too, if I last that long.
At 90 he would have qualified to retire in 1996. Very strong possibility he outlived his savings. Similar thing happened to a couple of my relatives who reached that age. They owned their homes. They were smaller homes too. But on fixed income the property taxes were awful. We worked it all out in the end. But it was hard getting them to even open up that help was needed.
Is expecting his life to contain such excesses as to afford a retirement plan more than victim-blaming? It’s hard to monday-morning quarterback a lifetime of decisions made in each moment and staying objective while knowing essentially the future for each one.
What if the voices second-guessing every decision we ever made were mutterings from a future society which has the ability to go back in time and doesn’t realize we can hear the spectators?
Can’t tell whether the down-votes are from people who DO like to blame people when their lifetime of choices paint them into a neveretirement corner, or just people who’ve traveled back in time trying to silence me. I WILL NOT BE SIL
<jdkad&NO_CARRIER
$233,000 is not retirement money.
That’s just over $6k/year in interest at a modest 5%.
Or at his age he can take an extra ~$20k+/yr for a while of straight cash. Might be the better choice.
You might want to check your calculator again. $233k * .05 = 11.65k
I agree that this isnt anywhere close to lavish retirement money but if he withdraws $20k/ year plus takes his full social security payments, he can probably replace the cart pusher wages. So that’s still retirement money, just a modest retirement.
