Why do we invest?

[Rich Weese]

In most instances, I would assume it is for two reasons. To generate passive income which will help eliminate the need to work and to help with our retirement.

Normally about this time of year, various magazines come out with an article that in my opinion is ridiculous about how much it is going to take for you to retire comfortably. There are many on bigger pockets that are probably already retired and would find those articles silly.

Having been retired for some time and running around in circles of other retired people, I have some definite thoughts on this area. I'm going to use some specific examples which hopefully will contradict what these magazine articles normally post and give each individual more hope for enjoying their retirement somewhere down the line.

Retirement can look much different to various people and I would love to have some additional input from those that are retired or possibly are preparing for retirement with an actual plan. This should encourage you even with possible troubles in the future. We all know the median income is lowering and when you find yourself unemployed and then reemployed, the majority of the time the new job pays less than the old job. Even if you are still young, I would encourage everyone to try and plan or strategize what their retirement will look like and how they will pay for it, and don't plan on too much from Social Security.

There are other threads on bigger pockets about the subject but I would really like some additional input from those that have either given thought to retirement or find themselves retired. Thanks. Rich