Thursday, May 7, 2020

Hey m$-moneh, just read an article from a major newspaper that half of boomers don't even have 25k tucked away for retIrement.

Hey, she got hers - and us other half can go jump...  Anyway, the article starts out describing a typical boomer couple - they went to college, went to work, saved money, bought a house, invested in stocks ... bla, bla.  When describing what derailed their goal$, first item on the list was dIvorce.  Yeah, there are plenty of stats concerning how dIvorce destroys ... a lot of things.

Aside of the child support (which peewee thinks he shouldn't have to pay...whhaaa), just the dIvorce itself can cost several thousand.  Those 90 day, $250 quickie deals might work for couples who don't own property or have anything tucked away - but something tells me, there's hidden costs lying in wait. 

Aside of buying out the ex-spouse, (and becoming a debt-slave) just the 5 or 6k lawyer fee is wealth killer enough.  That several grand, if invested in a low-risk account, at age 30 will, by age 60, yield about 12 to 15k.   That's enough to do a significant repair, or pay off a car loan - in short, clearing debt debris from the start of retIrement road.

Busstop ahead.

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