Re: older workers trapped in long term unemployment
- From: Marco <andymarcos635@xxxxxxxxx>
- Date: Wed, 20 Feb 2008 11:54:41 -0800 (PST)
On Feb 20, 7:46 am, "rick++" <rick...@xxxxxxxxxxx> wrote:
Since this trend has been going on for nearly two decades, the message
is
you have to try to be "retirable" by your 50s - save a lot and live
modestly.
And this takes some restraint and insight, like resisting the
temptation in your 30s to buy a house with a huge mortgage and having
too many kids to support; such obligations come home to roost in your
50s (e.g. kids going to college, still having a big mortgage when you
have no job...)
Marco
.
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