work2much wrote:
So anyone over 65 that has a 401k invested in the market isn't really retired? What about someone that has CD's? Not retired either? Only those who have not saved and invested to make any income are the true retirees? Just owning a home an investment that you manage. Homeowners not retirees either?
I'll stick with Merriam-Webster:
Retired
"withdrawn from one's position or occupation : having concluded one's working or professional career"
And if you can live on 500 bucks a month, God Bless. We spend more than that on groceries.
As far as solely relying on social security, I think that's risky. What if it's not there one day? We planned our retirement without the expectation that SS will still be around or what the benefit may be. If there is a benefit for us in 12 years great, but we aren't banking on it.
Guess I'll never retire. I farm.
