Quote: (02-18-2013 03:16 AM)cool Wrote:
Is it even worth contributing to a 401K, IRA, or ROTH IRA? Should saving money beyond an emergency fund be a priority in a single man's life?
You're told from a young age to plan for retirement. Sacrifice now so you can live in comfort in your old age, we're told. What's so appealing about comfort when your body is broken down? And, in turn, what's appealing about frugality when you're young and all of life is there to explore?
Where did the idea come from that we must amass a life savings?
Well, I suppose the point is to avoid compounding the miseries of old age by adding the miseries of poverty. And it is a common hamsterization to think that exploring life=being unemployed or engaging in frivolous spending.