Do you save money for retirement?

Yes, most people should save for retirement, and investing that money is a good way to make sure that you don't overspend when you are working. But be careful with your investments and do due dilligence and make sure that your money will be safe and easy to get to when you want to cash out.

We are both retired, but have very little in savings. I place money is my savings account every month. Jay never does.

I never saved for retirement. I was unable to due to various circumstances, but I did get money out of my checks my working checks and I now have that..in a way it was saving.

That is what we did, we invested to have money later when we were ready to retire.

When I worked, I did save for retirement. We don't have pension here. Cannot rely on government subsidy.

Retirement savings can take various forms, including employer-sponsored plans, individual retirement accounts (IRAs), or other investment vehicles. It's important to consider one's financial goals, risk tolerance, and individual circumstances when deciding how to save for retirement. Given that retired individuals often rely on fixed incomes, having savings can provide financial security and the ability to maintain a certain lifestyle. Encouraging your mom to explore retirement savings options, even at this stage, could still be beneficial in securing a more comfortable retirement. Consulting with a financial advisor can offer personalized guidance based on specific situations and goals. Ultimately, the decision to save for retirement depends on individual circumstances and financial priorities.

If you're worried about outliving what you are going to get for retirement, then I would. Retirement is based on the average life expediency of those who do retire. And, since people are living longer, then the retirement age keeps changing. It's always good to have some kind of nest egg for emergencies.

You can invest your retirement savings in several different ways and it is a good idea to put money aside beginning as early in your working life as possible. Social Security was never meant to be a retirement plan all by itself, but a supplement to the money people put aside on their own.

I am grateful that hubby managed to get a state government job that left him with a pension. That and social security keep us floating now that we are retired.

Yes, it is. I wish I had saved for retirement.