Saving for a rainy quarter century

Try this on for size. You're seventy-five years old. You live in the comfy home you've always lived in. You play golf in good weather. In bad weather, you travel to where it's warm and sunny. When your grandchildren call, you take them out on the lake in your new boat. Your wife takes classes in the local college and paints. This is your life in retirement and it's everything you always hoped and dreamed it would be.

Or, try this scenario: you are seventy-five years old. You live in a tiny apartment with the smell of boiled cabbage and noisy neighbors all around. You live in a scary neighborhood and you dare not go out after dark. Eating at restaurants is just a dream. Your apartment is too small to have your kids or grand kids visit. If you get sick and you have to spend time in nursing care, you don't know how you'll afford it. Your life is pure fear.