Did you know that you can have a happy retirement without savings?
It may sound peculiar to say you can have a happy retirement without savings; however, it is not something that is impossible. We know that a lot of people and advice columns keep emphasizing how crucial saving for our retirement is in order to be able to live comfortably, but it is not the case that everyone can save thousands of dollars for that period in their life.
It makes it seem like a happy retirement without savings is impossible, yet we are here to deliver the good news! Not only is it attainable, but you can always count on it no matter how little you have saved over the years! It is definitely way more complicated than it would be to retire with a plentiful savings account, that is for sure, but it is not impossible.
Not to mention, you would not be the only one that goes through this, as the Census Bureau predicts that about half of all Americans aged between 55 and 66 have no retirement savings at all! So with half of the almost-retired population having no nest, it is not impossible to make a decent living even when you retire. You do have to be careful and strict with your finances, change your way of thinking, and become more financially savvy.
These are all attainable goals, and in today’s article, we will explore all the ways in which you can prepare yourself for this situation and how you can live a very happy retirement without savings!
Are you worried that your retirement fund is not big enough? Let us know about your worries in the comments!