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It isn't, I have four children to account for as well. Just nickle and dime where you can when spending on yourself and take anything extra, only spend it on things you can either sell for profit, or use to make some cash. Learning about the different types of stocks, how insider trading actually works, ect, ect - there is tons of money to be made there and I've seen the proof. Just have to be able to take time to learn enough in order to know when to take the risk.
Having a lot of free-time to do things is NOT as great as people think it is, which is why many keep working or find another job after retiring, it's something to do as well as extra income IF they don't really need it.
Ah, what a movie. Sad story, hits different as you get older - but true, true...
Yes, it has become MORE pointless than it was to begin with. The expectancy was shorter when the retirement age was lower therefore nothing has changed.