Michael Cline, 60, Expects to Work Into His 70s With No Retirement Plan

1 articles · Updated · YourTango · Jun 2

Michael Cline, 60, says he has no workable retirement plan and expects to keep working through his sixties and seventies because his savings are far short of what he needs.
Years of drug and alcohol addiction, low-paid printing jobs, and 401(k)s without employer matches left him unable to build meaningful retirement savings while covering basic bills.
Spain has improved his finances: after moving to Barcelona in 2020 and gaining permanent residency last December, he secured a salaried remote writing job and built a modest nest egg.
Social Security at 65 would replace only about half his current income, he said, which would leave him near the poverty line despite supplemental earnings from three self-published books.

Sources

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