I am 48 years old. I have been working very hard since I was 12 years old. And today, I am embarrassed to say this, but I just set up my first IRA account with Charles Schwab.
We started out our marriage with a $7,000 nest egg.
We were a young, zealous Christian couple that was determined to reform the world starting with our family! We were going to practice natural family planning (no artificial birth control here!) and have our first child at home.
We payed the mid-wife $2,ooo. Everything was going according to plan until the contractions started! The mid-wife sent us to the hospital and our first born child was delivered via C-section! And we have had no savings account since then!
Oh, I know that I should have just put money in my 401K but for most of my married life, we have needed every last penny to pay the bills and feed the little rug rats.
And so now, at the very young age of 48, I am starting to save for retirement!
Well, who wants to retire anyway? Retirement was invented by Otto von Bismarck as a way to defeat his political opponents.
I agree with the Rascal Flatt’s lyrics: ” I wanna be running when the sand runs out.” I started out our marriage determined to reform the world, so I guess I will head into the next life with both guns blazing!