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<blockquote data-quote="herofan" data-source="post: 1045505" data-attributes="member: 17843"><p>Thanks for all the replies. I guess I'm just influenced by how I was raised. I was raised in a family of savers, but I'm sure they didn't have the amount most feel one would need. I know of a lot of older people who retired and lived off Social Security and some small savings, and they survived quite well; therefore, I guess I thought I was doing rather well. I guess i need to rethink things. I will say, however, that cost of living where I am is really cheap compared to other places. </p><p></p><p>I was planning to retire at age 55. I may work now until age 80 so i can save more. I'm not even sure if I should continue teaching. I may quit, draw out my money, and put it in a 401k since that is a sure thing.</p></blockquote><p></p>
[QUOTE="herofan, post: 1045505, member: 17843"] Thanks for all the replies. I guess I'm just influenced by how I was raised. I was raised in a family of savers, but I'm sure they didn't have the amount most feel one would need. I know of a lot of older people who retired and lived off Social Security and some small savings, and they survived quite well; therefore, I guess I thought I was doing rather well. I guess i need to rethink things. I will say, however, that cost of living where I am is really cheap compared to other places. I was planning to retire at age 55. I may work now until age 80 so i can save more. I'm not even sure if I should continue teaching. I may quit, draw out my money, and put it in a 401k since that is a sure thing. [/QUOTE]
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