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Save Now or Work as A Walmart Greeter in Retirement… Hmmm.

By on February 27, 2014
Save Now or Become a Walmart Greeter

“We live in an instant gratification society. The house, the car, and annual vacation take precedence over contributions to retirement and savings accounts. It therefore comes as no surprise to me that Americans spend more time on planning for vacation than they do on planning for retirement.

Given the choice of spending or saving, Americans in large part choose, “spend now, save later.” Or in other words, Americans choose to drink $10 margaritas now (spend) and swallow the more expensive poison (save) later. Spending now and saving later sounds good in theory until you reach your mid-60s and realize you’re going to have to work as a Wal-Mart Stores (WMT) greeter into your 80s while eating cat food in your tent.”

Read more here:

Retirement Epidemic: Poison Now or Later? | Investing Caffeine
http://investingcaffeine.com/2014/02/22/retirement-epidemic-poison-now-or-later/

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