http://www.spendingit.com/what-if-i-die-before-i-retire/ Wed, 07 Apr 2010 22:56:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.spendingit.com/what-if-i-die-before-i-retire/comment-page-1/#comment-47 Joyellen Sun, 14 Jun 2009 07:27:51 +0000 http://www.spendingit.com/?p=94#comment-47 I'm 35 and keep getting laid off from jobs because of the field I'm in. I have no family, no kids and plan to stay that way. So if I'm in a job where a 401(k) etc is offered with a match, I will use it as a rainy day fund in case I get laid off again. Even with taxes/penalties, I still come out way on top rather than putting it into a savings account. I only use the "guaranteed income" option so I don't lose money in the meantime. And what if I just leave it there after another job? Then unemployment runs out? And I have to live out of my car, or even die before the typical "retirement age"? The way I see it, if I can't live to retirement age, then there's no use for a "nest egg". I'd rather use it while I'm here to enjoy it instead of sacking it away for a time I might not live to see. I have no retirement savings needless to say. Neither do many other Gen-Xers I know. I’m 35 and keep getting laid off from jobs because of the field I’m in. I have no family, no kids and plan to stay that way. So if I’m in a job where a 401(k) etc is offered with a match, I will use it as a rainy day fund in case I get laid off again. Even with taxes/penalties, I still come out way on top rather than putting it into a savings account. I only use the “guaranteed income” option so I don’t lose money in the meantime. And what if I just leave it there after another job? Then unemployment runs out? And I have to live out of my car, or even die before the typical “retirement age”? The way I see it, if I can’t live to retirement age, then there’s no use for a “nest egg”. I’d rather use it while I’m here to enjoy it instead of sacking it away for a time I might not live to see. I have no retirement savings needless to say. Neither do many other Gen-Xers I know.

]]> http://www.spendingit.com/what-if-i-die-before-i-retire/comment-page-1/#comment-5 Carrie Wed, 13 May 2009 22:38:45 +0000 http://www.spendingit.com/?p=94#comment-5 it doesn't affect my planning for retirement. i'm able to live comfortably and save for retirement and if i die before i retire then my family will inherit my retirement funds and i can make them more comfortable. it doesn’t affect my planning for retirement. i’m able to live comfortably and save for retirement and if i die before i retire then my family will inherit my retirement funds and i can make them more comfortable.

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