[Ronbo]

I used to work with a guy who was the sole income earner; wife was stay at home mom even though kids are in school. Wasn't putting anything away for retirement except for the company 401k, but was not adding any into that. No IRAs or anything. They spend their money on stupid things (ie he's got 5 digital cameras and is now looking at a new digital SLR) and go on expensive vacations every year. I asked him what he's going to do for retirement and he says he expects his kids to take care of him. He's pushing 50 now BTW. Hope he's right for his sake.