My dad is 55 and has nothing saved for retirement. He makes 2600 per month and pays 1500 per month for our houses mortgage and we have 20 years left on that. He probably spends 600 on bills and then the rest for groceries and whatever he needs to spend it on for the house. He has 4 kids, me and 3 other siblings. I'm not old enough to work and my sister isn't either. The other two are able to work. I'm scared that when the time comes when he needs to stop working ( He's a mechanic and runs his own shop with his brother and they have no other workers), he won't have money for retirement and will have to fall back on us or other methods. when that time comes, I believe that we would be able to support him. Whenever I ask him about his retirement he doesn't say anything about how he's going to pay for the house and bills all that. Is it common for people his age to not have anything saved for retirement?
Submitted April 14, 2019 at 08:01PM by CashewBaby http://bit.ly/2UXlvpK