That was me at 25, I'm 43 now and regret not planning for retirement.

@fretlon

3 жыл бұрын

@@jlo64578 The thing the caller isn't taking into consideration, and something I wish the team had brought up, is life doesn't always go as planned. I've seen people retired or on disability while dependent on the government and I want NOTHING to do with that. If something were to happen and I became unable to continue working I want us to be in a position where we're completely self sufficient. If we end up in assisted living at some point I want it to be someplace we choose and have the option to leave if not satisfied. I want our medical options to be determined by us and our doctor and not by a government bureaucrat. He may love what he does, and that's great, but I had a friend die of a heart attack at 35. I've seen people in their 30's and 40's have strokes or other issues that left them unable to work. Plan to be able to live decently regardless of your ability to continue working. At some point, either due to diminished capacity or death, you WILL stop working. This is also about supplying yourself and/or your spouse and dependents with a decent life at that point.

@cryptojonny6837

3 жыл бұрын

Retirement is not a guarantee no one knows if the person might live until that age for retirement. I will just set up different streams of income.

The name of the game is to get yourself into a financial position where you are working because you want to work not because you have to.

@johnlewis8934

2 жыл бұрын

Amen that's what I'm looking forward to

When you're 25, you don't realize it only feels like three blinks until you wake up 50. Don't waste any time.

@TonyMaine915

3 жыл бұрын

Kenny Chesney told us about that!

@luckyc3926

3 жыл бұрын

You have to be 50 to understand that comment. But I hear you loud and clear.

@fastbitcointrade7595

3 жыл бұрын

Hello

@JessicaHicks

3 жыл бұрын

that's a bit depressing, but yes

@ezzeldin3714

3 жыл бұрын

True

I fell off a roof and became a paraplegic at 25. Life will smack you in the face sometimes.

@ceciliapetrowsky2572

3 жыл бұрын

😳😢So sorry. Young people think that’s never go to happen to them. It could be a car accident that’s not your fault. Life happens. I, along with many others at my company, were told our services were no longer needed. After freaking out, I realized I would be fine. Always a saver thank God.

@sugacoatme5641

3 жыл бұрын

@abher lowkz So true for all of us ❤️🙏🏽

@littlebritian2822

3 жыл бұрын

Sending you blessings and prayers.

@geo865833

3 жыл бұрын

Stay strong, God bless. ❤

@christophe_li

3 жыл бұрын

I pray complete healing over you in Jesus name.

If I had started saving for retirement when I was 25, I would be a multi-millionaire right now. Just do it and you'll be glad you did. Very glad.

@aquaticasmr184

3 жыл бұрын

Im 25 debt free and i will

@OIPIO

3 жыл бұрын

I’m 21 and opened a Roth IRA a couple months ago, every time I get paid I put $100 in it!

@TANQ31

3 жыл бұрын

@@OIPIO keep it up. And increase it by 10 percent every year. You'll be so happy you did. Its rare to find a person who regrets saving. Its common, however, to meet older people who regret NOT saving.

@fretlon

3 жыл бұрын

About a month ago I talked my 23 year old son into starting to put money into his 401k at work. He doesn't make a lot, but I convinced him that even a small amount of money going in from now to when he's 60 will turn into a very comfortable retirement. All he has to do is set it and forget it. Had I just started at that age....

@HenryPaulThe3rd

3 жыл бұрын

By the time he’s 65 America will be full socialist.

He’s misunderstanding retirement. You can retire at any age. Think wealth building plan. It’s about having the freedom and option to do whatever you want without financial worry.

@JessicaHicks

3 жыл бұрын

Exactly!

I recall an interview where they asked Warren Buffet when he wants to retire, and he said about 10 years after he dies.

@kygem

3 жыл бұрын

do you want warren buffet wealth? i just want to live comfortably not worry about unforeseen things and be able to get full travel experiences with my future family, so yeah personally i am looking forward to a comfortably wealthy retirement :)

@carolea7158

3 жыл бұрын

@@kygem the point is not Warren Buffett money. The point is his goal wasn't to stop working and live in a beach house and travel the world. His goal was to make money. He enjoyed making money and he enjoyed seeing money making money and assets making money. it's not about whether or not you want to stop working it's about whether you're losing money or you're making money "in your sleep" (ie investments). There's no middle ground. Due to inflation, you can't merely coast.

@HamiltonRb

3 жыл бұрын

@@kygem My wife and and I both earn above average incomes so we are already very comfortable. The point about Warren Buffet was to say basically, he loves what he does, and wealth nor age should stop you from doing what you love. If I had Buffet wealth, I would love to be able to do what he has already pledged to do in his will, and that is give 95% of his wealth to various charities upon his death.

@kygem

3 жыл бұрын

@@carolea7158 would you consider actively managing your finances and investments and such would be work? because in my eyes work is a 9-5. I love my job and appreciate very much don’t get me wrong but, I cant imagine there is a person on this earth that would prefer getting up at 5:30-6am and working an 8 hour day monday through friday. id much rather properly manage my finances from my fully paid off beach house 😅

@kygem

3 жыл бұрын

@@HamiltonRb thats so freakin awesome man! you and ur wife are doing it right! it might seem a little selfish (even to myself it does) but i want to take care of the people that matter to me, all my work is for my kids that dont exist yet, and my family. also i would like to have an abundance of wealth to prove to myself that i can be wealthy and specifically the first to do it in my family. thats the main thing i take from dave is planning for not only your life but your blood line. i really hope what im doing now at 21 can land me somewhere close to what im always dreaming about

Anthony needs his own show, “how old will you be next year?” Classic.

@willlefebre2930

3 жыл бұрын

Lol he does have his own show. Follow Anthony O’Neal’s channel on YT

@justinbowman2126

3 жыл бұрын

He has a show on KZread

@jenniferlego4221

3 жыл бұрын

He was leading up to a point, which he wasn't able to get to because Dave kept interrupting.

@joshuatate5671

3 жыл бұрын

@@jenniferlego4221 He did make his point. What did I miss?

I needed this, at 24 making good money with a love for spending it, this put it into perspective

Looking at the older guys 60+ working in big supermarkets dragging heavy cages and items...., man.... I ain't gonna be that way nooooooo wayyyyyy.

Wish I could go back to 25 and think about retirement. Wasn't even on my radar then, and 36 year old me is kicking myself.

@samreagan6292

3 жыл бұрын

hahaha that is funny since I'm 26 and kick myself for not starting when I was 16. I was business minded back then, making a few hundred over the summer. Can't tell you where that money went.

@mikezerker6925

3 жыл бұрын

Agreed! I’m 44 and now paying for the stupid decisions I made when I was in my 20s!

@GARNET-DAGGER-FF9

3 жыл бұрын

I'm 27 and just starting being serious about investing into my 401k a few months ago. Looks like I'll be fine based on these comments I see

@om617yota8

3 жыл бұрын

@@GARNET-DAGGER-FF9 Yessir you'll be good. I'll be fine too, just not as fine as I'd be had I started at 25....

@arta276

3 жыл бұрын

I’m 22 and have been maxing my Roth IRA as soon as I turned 18. About 70k net worth.

I wish I could find a job that I never want to retire from.

@Angolano_Viajante

3 жыл бұрын

😂😂😂✔️

@JessicaHicks

3 жыл бұрын

You can! Don’t stop searching.

@Hello-oc7vj

3 жыл бұрын

Or just have a crazy wife and you’ll wanna work as much as possible lol

@cryptojonny6837

3 жыл бұрын

Side hustles.

@kvex7548

3 жыл бұрын

Being a baller

My dad worked like a maniac so he never has to work again. He still does work because he loves it but is able to work significantly less and live a great life because of his work ethic. I hope to do the same someday

@JessicaHicks

3 жыл бұрын

That is awesome!

I’m 27, debt free, and want to retire early

@Epro95

3 жыл бұрын

Quick look at your videos, you're easy on the eyes ;)

@cheffjeff5908

3 жыл бұрын

What's you're plan to retire early?

@dogan6070

3 жыл бұрын

What's your secret becoming debt free

@AccordingtoNicole

3 жыл бұрын

28 and same. Retirement doesn’t have to mean never working again if you like what you do. It just means not *having* to work if you don’t want to. It’s freedom.

“As a matter fact I’m going to stay around here and spread hate and dissension in this building.” Haha I love Dave

Retirement doesn't mean you can't work, it means you don't have to.

After experience a chronic illness in my 20s, it changed my whole thought process on retirement saving and the value of insurance.

The bank doesn't pay 2% - it pays 0.1%

@pibblesnbits

3 жыл бұрын

Yeah, Dave has been out of the game quite a while. It may have been 2 percent like thirty years ago!

@xandertherrien4387

3 жыл бұрын

My bank is 1.8% rn

@guillermozavala315

3 жыл бұрын

High yield savings account .keep $1,000 in primary savings and put the rest into high yield savings

@theAppleWizz

3 жыл бұрын

Not now. But it used to a few months ago.

@BonaDeum

3 жыл бұрын

@@theAppleWizz True. Had 2.35% until Corona hit. Now it is down to 1.1% beginning at the start of December

It’s hard to think about old age and health troubles at 25. Definitely think about having an abundance of wealth in order to create choices in your life.

@anniesshenanigans3815

3 жыл бұрын

yes at 25 retirement meant something different than it does now at 57.

No one has ever shock me to the core the way AO did today, wow! Very strong words to take home.

“social insecurity”😂😂😩

Much easier to invest when you're young and single, and have fewer expenses. If he invests for the next ten years and stops he'll still be at the same or better place than if he starts in 10 years.

My brain did not do the shift until I was in my 40's. and even then I was planning on working until I dropped dead. When health issues started dropping me in my tracks, I really started taking retirement planning serious. Obviously too late to retire as a millionaire. I hope this young man gets his act together and starts saving.

True retirement is doing the work you actually want to do. A driven person never stops working but having the freedom to choose your path everyday is ultimate freedom. Good financed retirement = freedom.

imagine a bank paying 2%!

He should focus on increasing his net worth. Shelter as many investments from capital gains tax as possible. He should be living below his means anyway in order to invest.

Great episode!

Really good point about the definition of retirement. It means what ever you want. It’s also a way to think about if your unable to work. Really like this episode. It’s common for younger generations to think there is time instead of if I start now or what do I want to do in future 20-30+ years from now.

im just turned 12, and now i am debt free... thanks Dave

@elmateo77

3 жыл бұрын

It's never too early to start putting money in a Roth IRA ;)

@elmateo77

3 жыл бұрын

@Bored Af The earlier he starts the more time he has for compound interest to work its magic. I wish somebody had given me investing lectures when I was 12 haha.

@carylhalfwassen8555

3 жыл бұрын

My teen sons had a neighborhood lawn mowing and pet walking business. I set up ira accounts for them. The saver son had $2,000 in the ira before he was 18. I don’t remember if Roth version was available then. Obviously their tax rate was minimal. And they kept accounts and filed tax returns.

@JugglingFinance

3 жыл бұрын

@Bored Af Why not. You know when Warren Buffett made his first invest? 🤔

@JugglingFinance

3 жыл бұрын

Age 11

Retirement isn't about simply being lazy and not working. It's about not needing to work for money.

@elmateo77

3 жыл бұрын

You never know when some health problem will make it so you physically can't work anymore. If that happens you don't want to end up on the street or be a burden to your family.

@derekwhittom1639

3 жыл бұрын

Work provides a lot of value outside of earning income, including social interaction and purpose.

@elmateo77

3 жыл бұрын

@@derekwhittom1639 It does, but you can get those things from other aspects of your life as well.

@JessicaHicks

3 жыл бұрын

Right! Having the freedom to choose.

As a 21 year old, I also found it slightly weird to think about retirement at the start of adulthood and working before I've found my lifelong career. This makes a lot more sense. (not that I wasn't gonna save up for retirement before, by the time I get to that step)

No one has to retire. You can have dementia and win the popular vote for the US presidency!

@ChrisMFlorida

3 жыл бұрын

Gold.

@Jacksonzole57

3 жыл бұрын

Ok well done

@americafirst9144

3 жыл бұрын

Good one.

@yeislyntorres5304

4 ай бұрын

I love you 😂😂

@tunafishgaming2342

9 күн бұрын

😂😂😂

I worried more about job stability at 25/30 than retirement. I did save into 401k but wasn’t aggressively until I reached late 30s. That’s when my body told me that it couldn’t be tiptop forever. Now I am 2/3 years away from my planned retirement I am so glad that I can walk away from work before I turn 60.

The great thing about being debt free and financially free is you’re free to do whatever you want to do, it doesn’t have to be “retirement”.

@blackheartcardigan

3 жыл бұрын

Exactly! I can't wait to only work 6 months out of the year.

@stevengtv

3 жыл бұрын

@@blackheartcardigan no more wardrobe malfunctions please.

Now would be the best time for him to start investing in his future

@tjbalistic

3 жыл бұрын

That's the biggest irony.

@trich103

3 жыл бұрын

Lol he basically said I'm not going to save money. Try that buddy and see how that works

@JessicaHicks

3 жыл бұрын

Exactly. At least he is having the conversation.

Useless call

@thenextarcher

3 жыл бұрын

Hey Zune! I haven't seen your username in years. Hope everything is going well.

@zunedog31

3 жыл бұрын

@@thenextarcher Oh hey man, good to hear from you. All is well here and I'm still subbed to you 😀

@thenextarcher

3 жыл бұрын

@@zunedog31 Good to hear that you are doing well! Just wanted to say hi since I saw you here, have a great weekend!

@zunedog31

3 жыл бұрын

@@thenextarcher You too bud, thanks for saying hey

So much more could have been done with this call: 1) You're debt free. Great! You're ahead of most; plan to stay that way. How much "extra" money do you have each month, and what do you like to do with it? 2) You love your job. Great! Many people don't. 3) How long have you been in your job? Do you see doing the same thing in 5, 10, 20 years? 4) Circumstances change. Job duties, bosses, entire industries, pandemics, etc. 5) You change. Your desires, goals, health, etc. If you are single but want a family, how would you like to be financially independent so you could spend more time with family, hobbies, etc.? You can set things up so that you don't have to wait until age 59.5 or 67 to "retire" .... Retirement is planning so that your future self doesn't regret your decisions you make today.

I grew up poor and thinking about making a bunch of money to retire and travelled at 18 years old. I am 63 years old now and loved doing my business but I gave that up at 55 and do what I always wanted. There are people ( friends ), who does not think about retirement and never saved to invest and still working, even when they are not physically able. They lived a miserable life, they are stuck!

These two together are gold! O’Neal are by far the best partner to The Dave Ramsey show, him being a true, realistic entrepreneur himself.

I just got chills man when he said that quote.

I know how you feel. But there are two main points to consider... 1) You can save/invest outside of retirement as well as inside of it. 2) You will most likely retire and you will thank your younger self for the epic compound growth and tax benefits if you start now.

This was a good one 😂

I wonder what the caller’s job was? He said he really likes his job.

@spicyshizz2850

3 жыл бұрын

Same

@greencase

3 жыл бұрын

Tuba player

@ordinaryhuman5645

3 жыл бұрын

Of course he does, he's 25. Give him another decade on the job so he can grow to hate it. After a decade of the cubicle jockeying I'm almost ready to check out.

@DeionSardines

3 жыл бұрын

OrdinaryHuman okay lol

@anajo240

3 жыл бұрын

Millionaire I guess. I would love my job to o

Thanks Dave, I like thinking of retirement as “wealth”!

I thought the same way as this young man in my early twenties. Thank the LORD I begin to see the truth Dave and Anthony talk about by my late twenties because by the time I was fifty being an employee began to feel different. Via investing in no load low expense stock index mutual funds we became multi-millionaires by our late forties and retired in our mid-fifties from career public servant jobs. We continue to do business and ministry work we have passion for doing on our own time-table and at our own direction. Captains of our own ship (no longer first mates, though it was good to get us where we are now) with the LORD as our Admiral!

The dump button 😂

This kid just wanted to hear himself talk. I don't think he took in any of what Dave and AO says.

@gregcountryman8770

3 жыл бұрын

He's definitely one of those type of people no matter how research and experience, he'll never be open minded to listen.

@perotal

3 жыл бұрын

@@gregcountryman8770 you could be talking about Dave there

@gregcountryman8770

3 жыл бұрын

@@perotal Not in this particular case.

@Abel1120

3 жыл бұрын

yup

He lives in fantasy world. Somebody should wake him up.

@menumlor9365

3 жыл бұрын

Nobody has woken him from the matrix yet.

Future callers the less you talk the more likely Dave won’t push the mute button.

When you have the money. You have more choices. But, when you dont have the money, you will be force to work even if you dont want to. But, I get what he is saying. Money in the bank is more flexible and easier access for him. ❤

It's not retirement, it's financial freedom. Not working for money but for joy and meaning. You never know how long your are able to work so better have your money work for you as soon as possible.

The big problem i’m hearing in his voice is that he wants to live according to his income and think nothing of the future, wheras he should be locking in a lifestyle that can be continued indefinitely.

Best advice is to just automate a contribution so you never see it, and then you don't have to even think about it. It'll be there when you need it

@AnthonyOneal what did you write to your kids in the letter ?... just curious. Thinking about legacy more and more this year. 🤔

I read a comment that Dave always steals Anthony's thunder.... now I cant stop noticing it. Lol

Anthony and Dave are a good combo.

This guy only called to pat himself on the back.

@kygem

3 жыл бұрын

what do you mean by this? he is acknowledging he doesn’t want to plan for long term financial success, in my opinion thats exposing a characteristic most people would look down on.

This was a funny interview

🤣🤣🤣 Dave put the caller on mute

For most of my life, I couldn't see myself retiring as I couldn't see myself not doing anything. And then I got to age 40 and the thought of retiring started to appeal to me. LOL

At 25 He doesn't even know thst he doesn't know

He’s only 25... who knows what’s going to happen in the next 40 years? He may get sick of working or he may just get sick and be unable to work. Plus if he gets married and has kids it would be wise to have savings!

That laugh tho

Was dude like trolling? I’m confused lol

@lukescapee1234

3 жыл бұрын

I think he’s afraid of the future

@MegaYamahar

3 жыл бұрын

No, i think he was dead seriouse. When you are 25 you think 65 is so far away. When its really not..... He needs to talk to alot older ppl and realise

I plan to work till i die too (probably thank to quarantine). I work when i want too.

The boomers ruined retirement. Everyone I know told me how great it is to retire and sit around and do nothing. I always thought what a waste of life that is. However, retirement means retire from "forced" work. If you have lots of money you don't "have" to work and can decide how you want to spend your days.

Dave Ramsey: Financial Guru, Curmudgeon at Large! 😁

One word: inflation

Start now and you will be in primo shape at 35/45 years old. Also, things happen and having money makes life a lot easier when they do.

The guy sounded so entitled. He thinks his job will keep him employed until he’s so old and crippled. Geez, save for financial freedom, retirement, wealth and be able to live a legacy for your family.

If you don’t make money while you sleep, you will work till you die. Your income should not be looked at as your primary wealth building tool forever, just to get you started with a portfolio to grow.

If this kid opens a Roth today, dumps the max of $6,000 into it and does nothing else but earn 10% interest, he will have $ $393,216 when he is 67 years old

@nerad1994

3 жыл бұрын

If he puts in 6k once or 6k every year?

@dannyh9010

3 жыл бұрын

​@@nerad1994 Only once!!! You can see for yourself by using the investment calculator on the Dave Ramsey website. Put 25 in for his anger, 67 for retirement age, $6,000 in for the amount currently saved, $0 for the monthly amount and 10% for the rate of return. If he puts in $6,000 per year ($6,000 this year, and $500 per month) until age 67, he would have $4,265,361!!!

He’s 25 and says he wants to work forever. Dude give it 10-15 more years of hard work and see if you still think you never want to retire. You might want to start saving for retirement just in case. I always plan on staying busy even after I retire, but I want wealth so that I can do whatever I want for work all day, even if it means woodworking for free in my garage.

Dave hitting that mute button for this call was oddly satisfying to me.

When you retire you need an income to replace your current income. :)

@JessicaHicks

3 жыл бұрын

Right. This guy just can’t see it yet.

Pretty easy to say you don't want to retire without a spouse that you want to spend your time with. Also, when those knees and back start to hurt you may rethink working in old age.

I'm a loyal Dave Ramsey fan. But I think this poor young man never got a chance to explain why he doesn't want to retire. You guys kept interrupting him, seemed to be making assumptions about why he felt that way, and began issuing advice without hearing him out.

Sometimes you don't get a choice in retirement. Might be your boss, might be your health, might be replacement by AI or robotics. Best to prepare even if you don't plan to stop working in case you have to stop.

@ianrobinson4200

3 жыл бұрын

This is the way of thinking that drove me to pay my house off so fast. I don't know about other people, but for me when I'm working for an employer I always think I'm going to get fired (even though I never have). It's just this nagging feeling, no matter how well I do at the job, I just always think I'm going to get fired...

The young man detects the treadmill. I don't blame him

Im 24 yo and would want to retire today if i could

What if he is 65 and breaks his beck?

@JessicaHicks

3 жыл бұрын

Or worse. 35 😱

I've been Rich I've been poor I picked Rich any day over poor.

Debt free = free. At least you have options even if retirement isn’t on your mind right now

Love it when people practice what they preach

It’s funny every time Dave interrupts his employees.. haha

This kid is crazy. I retired at 38 and would never want to work again.

@elmateo77

3 жыл бұрын

I have enough to retire but I still work. The difference is I only work on things I enjoy and care about, I'm not stuck in a job I hate working for a boss I can't stand. Even if you choose not to retire, having enough investment income that you don't need to work for a paycheck will change your outlook on life.

@marktheshark2569

3 жыл бұрын

Dang did u have a high income

Cornelius Vanderbilt. "He vastly improved and expanded the nation's transportation infrastructure, contributing to a transformation of the very geography of the United States. He embraced new technologies and new forms of business organization, and used them to compete. He helped to create the corporate economy that would define the United States into the 21st century." Thanks Cornelius.

Ok , just called in to brag.. He's got the right though.. good going.. wish I could brag at 35.. but I can't

This is problem with young people. I remember when I was in my 20s. You don't think you're gonna get old. You feel invincible. I didn't start planning and saving until I was in my 30s. Dumb mistake but its ok. I'm debt free except my house and that will be paid off in 10 years

Retirement doesn't mean you have to stop working, it means you have the option not to

@tanyapinnock2347

3 жыл бұрын

Exactly!

@insideoutsideupsidedown2218

3 жыл бұрын

As Dave has said, retirement is a number, not a date.

Thanks Dave for muting the caller so you could get to the meat of the issue.

Dave! Oldest Old starts at 85 :-)

Hi I'm 18 and working a part-time job still in high school. Like most 18-year-olds I'm debt free but I don't want to move on in life and accumulate debt what do I do to get a head start?

im bad at parting with my money, im 21, and have around 25k in total cash value (cash savings, 401k, and personal investments) but i cant find any justifiable reason to spend any of it. I always tell my mom and brother that I’m doing it to take care of them and my future wife and kids in the future but im terrified that even when that time arises i will still struggle to part with my money... im kind of trapped in this “illness” of wealth building

@zachlafferty823

3 жыл бұрын

What hobbies do you have? If you’re looking for ways to enjoy your money, perhaps for starters, find something for your hobby you’re wanting to purchase for it (ex: golf rounds, golf clubs, travel) and whatever you are going to spend on that hobby make sure you invest 3-5x that amount. It’ll help break the cycle of illness for wealth building and give you a reason for why you’re wealth building. What’s the point in having wealth if you don’t have the ability to enjoy it along with using it to help others?

@amazinglats6020

3 жыл бұрын

I’m in a similar position. My justification is once my money starts making more than me, then I’ll starts spending more on myself

@kygem

3 жыл бұрын

@@amazinglats6020 well, in that case, ive got a long way to go in your eyes 😬

@amazinglats6020

3 жыл бұрын

@@kygem ya i've got a long way to go as well;c

@jerel42

3 жыл бұрын

So, I have a client like that, and I'm encouraging him to *enjoy life now* and take at 20% of his earnings and do fun stuff with it. What could that mean? Well, Sam, that's up to you, but how does travel sound? Ever want to go to Paris? Cuba? Brazil? How about seeing shows -- music, or plays, or whatever you like? How about taking your family out to a nice dinner? How about buying yourself a nice car (for cash of course, or at least paying it off in a year). If you like sports, get 2 season tickets to your favorite team, or at least go to their games when you can. You get the idea? I'm a little concerned when a 21 year old doesn't have any fun...

$98K- $24K standard deduction- $4K ( 15% SS exemption)= $70K 4 Kids = $8K child tax credit = $0 Fed Taxes Yes, ~$100K and NO Taxes You paid High taxes on the ROTH money and now you don't pay taxes. You could have Traditional and gotten the tax break

Imagine if don’t have any bills at 25! Life would be lifted

Despite the caller's best intentions, there may come a time when family obligations, new interests or his own health may not allow him to work for as long as he intended, then what? There are too many unknown variables not to put forth some type of plan for the future.

I highly doubt this caller cares about being able to give it away or leave it for his grandchildren or family.

He's just trying to get FPU.. pay for it my friend 😝

fellow Michigander; I would like to Haved saved more- ..There is no perfect plan to save money, save everywhere ( 401k, Roth, bank) do it all. I'm 50 , and retirement is looking my direction. I was just out of high school a couple of days ago.