We reached out to seniors to get a read on how they feel about their current financial and health situation and how they feel they’ve prepared for the present and future of their lives. The following are highlights from those conversations.
Who knows about one’s health at this age? Each day is a new experience. My financial situation is another problem. I am working and will continue to work until I can’t, but that is tied to the economy and the condition of the country. My business is more affected by state and local conditions thanks to regulation and taxes than I like. This adds to questions of survival and consequently questions of financial stability.
I am presently in good financial shape and put money into a 401(k) each month and have put aside a good nest egg but want to continue working until 65 or 66 because I enjoy working and would like to put additional money aside. I will have a company pension at age 65 and that along with social security and other savings should enable me to have a comfortable retirement. I am in good health and my wife and I have LTC we took out about 6 years ago.