mugsy, back when my husband and I was younger, and running a furniture mfg. company, we had a lousy bookkeeper, who did not suggest that we start a retirement fund. Which is something he should have mentioned to us in the first place. So we didn't do that.

Now as we thought that we would always have our business, that we would not have to worry. My husband got sick, has heart and lung problem, that are life threatening. We had to go bankrupt, because his brother did not know how to run the business. All we have to live on is Social Security. It is so hard, just trying to make ends meet! Thats all we have is Social Security.

I have told my kids to start some kind of retirement fund. Finally got my oldest daughter and her husband to start an IRA at least, so they could take their tax refunds and contribute to it before April 15. I had a teacher in my Federal income tax class in college suggest that, and he worked for the the IRS.

At least the kids has started to think about that now, and my son-in-law has got a retirement fund of some kind started where he works now also.

Just wish we would have had somebody tell us that when we were younger and making soo much more money. Now it is too late for us.

Willie