Tag Archives: Retirement

My Dad Cannot Afford to Retire, But He’s Better Off Than Most

I often hear my Dad say that he cannot afford to retire or that he cannot afford to live past 85 years old.

That’s really sad to hear from someone who has worked and saved their whole life, earned a pension, and invested in their 401k. He’s done everything exactly as he was supposed to, as we have all been taught.

My Dad is an accountant. He knows all about saving, investing, and forecasting his money. That’s how he knows that he only have enough to live on until he reaches 85.

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The Bad Economy and the Death of the Dollar

I was looking for something to listen to and came across Robert Kiyosaki‘s audio book – Increase Your Financial IQ. It was published in March 2008 and has some very good, current information. I highly recommend it. There was some important information in the first chapter that I want to share here.

In 1971 President Nixon took the US off the gold standard, which changed how our money works. Prior to 1971, the dollar was based on gold, which has intrinsic value. To save money was equal to saving gold, so it made sense to save money for retirement or college because it would hold value.

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