Quote:
Originally Posted by GGG
The options are some combination of increase risk, spend less in retirement, spend less today, or work longer so whether or not anyone said work longer it’s a consequence of have a higher number.
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I read your comment 'work more' as working more now, not working for more years - i.e. another reference to the work vs family or enjoyment comments.
But yeah, working extra years is definitely an option, especially for those that didn't start saving early enough (which has been my primary message from the get-go - the earlier you start to save, the better).
That brings up another point, BTW. A few people have mentioned working part time in retirement, or continuing to work even though they could retire. One thing I have always said is: retirement doesn't mean that you don't work, it means that you don't have to work. Or, as Tony Robbins calls it: Financial freedom.
Having something that you enjoy, that provides supplemental income in retirement (along with getting you off the sofa) is a great way to strengthen your financial situation and solidify your retirement income.