I'm 44 years old and don't have a pension or a 401k, because I work for a small company. I do have an IRA, which I contribute to. Last year the amount the can be deposited, and deducted from your taxes was increased to ,000, which I will be able to do this year.
My husband lost his job at United afer the second round of layoffs three years ago, he still has a 401k, but no pension. We are in the process of rolling that over into a personal IRA, the job he has now does offer a pension, but he is 46, so he would only have 20 years working to age 66, not much money there.
Our house is paid off and we are not big spenders. But, medical cost are probably going to hurt us, because of my husband's health issues. Sorry, this so long, lol... I know their are people with children, who have much greater burdens then us. Anyway, I'll do what I gotta do. I've been working at one job or another since I was 13, I just hope I can for a long time down the road.
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