More than one-third of millennials believe they won’t get a dime of Social Security when they retire, so they’re taking matters into their own hands
creditnews.com
Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
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Ya, I don't think so. As a 37 yo millennial, my retirement plan is to sell my parents house, live as long and comfortabley as I can off that, then eat a bullet. Actual retirement is not something I expect to be capable of.
Mine is to sell my home and move to Mexico once my children are out of school, work remotely for a US company, then retire at like 55.
Multiplying my retirement savings (and home equity) by 20 just by moving will go a long way.
You think Mexico will be liveable by then? I had considered something like that, but I think climate change is going to make those places unlivable within the next 20 yrs.
That's most definitely on my mind. Really hoping so.
If you need to live at 5% of current costs, you'll need go further down the oecd country list than Mexico.
I don't need to. the USD currently exchanges with pesos at 18:1
Do you think they just have the same prices for everything, but in pesos? I have some bad news for you...
No. I have worked quite a lot in Mexico and am well aware of import prices, etc.