Retirement Insurance

“So if Grandpa doesn’t have a job, does that mean you have to cut back?”

Long-distance, eighth-grade grandson to senior California. Wow. If a thirteen-year-old boy knows about cutting back, the Great Recession has bitten deep into the generations.

“Oh, we’ve got enough money to keep us going for a good ten years,” I say cheerfully. But I’m thinking OMG, stock market stability, Social Security. And the equity in our house. Let’s not outlive our savings.

“Ten years!” the kid says. “By then I’ll be making gazillions of dollars and I can pay for everything!”

Isn’t that great? Maybe these thirteen-year-olds will make gazillions. I bet they won’t squander it.

I hope his mother is reading this