Friday, April 5, 2013


T.G.I.F.   (Thank God it's Friday!)

When I was still a member of the work force, that phrase was so meaningful!  The last day of the work week had arrived; for two whole days I could sleep in, wear my jeans or my jammies, and walk around barefoot!  It seemed like heaven.

Now...three years into retirement, the phrase has lost it's appeal.  What had to wait until Saturday or Sunday can now happen any day of the week!  Don't get me wrong--that's not a bad thing!  I have no desire to return to the working class any time soon!  I do miss the income, however;  being retired comes with increased medical expenses, (no, Medicare does not pay for everything!), increased leisure   time and less cash with which to enjoy it!

I'm sure there are some retirees out there who planned better than I; who never went through a divorce (34 years ago), remarried (30 years ago), got laid off from their job (more than once over the years), and went through bankruptcy (20 years ago), and who planned well and are enjoying their "golden years" in ease and comfort.

I'm not complaining, mind you.  I am fortunate that after both Mr. Eva and I lost our jobs 20 years ago, I was able to secure gainful employment again and build up a 401K with a company which also entitled me to a small pension, so we're not just hanging on by the skin of our teeth with only social security to sustain us.  We are not short of the necessities, and are able to occasionally enjoy some extras like a nice dinner out or a movie, and a trip every couple of years.

My concern is for those who are still working and living for T.G.I.F.  I do hope you are planning ahead, more than I did.  Retirement seemed so far away and intangible when I was in my working phase.  I didn't give a huge amount of thought to the future, other than when I started that 401K, I increased my contribution to it every time I received a raise.  I thankful I did that, because things would be bleak today without it!

Unfortunately, most of us are too soon old and too late smart!



Brian Miller said...

good wise encouragement to plan...i am def not where i need to be...job change after job change ensured that...but maybe now i am on the right tracks...happy friday

Yamini MacLean said...

Hari Om
This is oh! so true Eva-ji... sadly the entire world is in this fix. AS you say though, the basix + small comforts is, after all, a good place to be. Enjoy it, albeit frugally! Have a good weekend. YAM

Teresa Moody said...

If I had to retire tomorrow, I would be in trouble. Working at home kindof allows me the chance to feel like retired, but still have that income coming in! : )

One Bad Pixie said...

I fear for those who do plan ahead as best they can and life comes along pulling the rug out from under them anyways. It seems to happen a lot more often. I am liking the idea of less is more. Less clutter, less crap, less to clean and manage- giving me more time, more space and more options to do as I please. It changes things a lot.

Stephen Hayes said...

You might be retired but your wisdom and common sense are still hard at work.

fishducky said...

Everyone should do what I did--marry a rich Jewish lawyer!!

Eva Gallant said...

Brian: it's never too late to start saving; I was 50 when I started over.

Yamini: Thanks, Yamini; you have a good weekend, too!

Teresa: Do the best you can to prepare.

OneBadPixie: The scary thing is to look at the obituaries and notice that people are living into their late 80s and older! And we'd like not to be a burden to our kids.

Stephen: You are way too kind! Thanks.

Eva Gallant said...

fishducky: Like I said--plan ahead!

Al Penwasser said...

You are so right. The future becomes the present so darn quick that it's frightening. Luckily, Mrs. Penwasser and I did a little planning back when we first got married (when Demi Moore was still hot and not some hagged-out caricature). I'm glad we did because, even though we sometimes don't have enough money to pay attention, we ain't starving, either.
I do miss my brown hair, though.

Paula Jones said...

My husband is a financial planner, we see cases all the time from clients tha haven't planned ahead for college, for retirement, for disability, for death. It's sad, but when you can put a plan in place and help them met their goals it's so rewarding (can you tell I was in the same business, before kids)

River said...

My parents never had a single dollar in savings and I didn't learn anything about money from them except that credit isn't a good idea, putting things "on the book" then paying for it all (or some) on the next payday which immediately left them short again. I promised myself I would never owe money if I could possibly help it, and I don't owe any now. but I never learned about saving and planning for retirement either and I so wish I had. I have very few expenses and I'm careful, so I know I'll get by, but it won't be a life of luxury and trips around the world, that's for sure. Apart from all my aches and pains, my health is good, so that's not a worry either. Both of my daughters are earning good money and saving for their retirement years, one started salary sacrificing quite late but she's putting a lot into it, I think she'll be okay, one son is doing very well too although I may have a chat with him soon about his superannuation fund. The other son is more of a hopeless case although he is beginning to see the light.

Sue said...

We were lucky my husband had a pension because I don't think we would have been very good at planning out a retirement entirely on our own. We are being more careful now, of course, since we make about half of what we used to!