mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
It seems to me that most folks that post here do not, have not ever, had this difficulty. Is it only a case of us taking a lifetime of saving/investing and LBYM that have positioned us so well now that we ponder a comfortable ER or are already ERd comfortably?
Once reasonably assured of a comfortable retirement, Americans are now watching private pensions collapse and public pensions come under pressure. And even those like Strozniak, whose retirement security was once all but guaranteed, are now finding they have to fend for themselves.
There is mounting research that most Americans are ill-prepared to cope with the task of creating a nest egg to rely on when they’re too old to continue working. They're also woefully unaware of the risks they face in retirement investing. And they're falling further behind in providing for their long-term financial security.
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“What a lot of people do with their 401(k) — because they still treat it like a company-sponsored plan — they don’t treat it like their own money," he said. "They put it under the pillow and really don’t think about it.”
http://www.msnbc.msn.com/id/13322751/
Once reasonably assured of a comfortable retirement, Americans are now watching private pensions collapse and public pensions come under pressure. And even those like Strozniak, whose retirement security was once all but guaranteed, are now finding they have to fend for themselves.
There is mounting research that most Americans are ill-prepared to cope with the task of creating a nest egg to rely on when they’re too old to continue working. They're also woefully unaware of the risks they face in retirement investing. And they're falling further behind in providing for their long-term financial security.
~~~~~~
“What a lot of people do with their 401(k) — because they still treat it like a company-sponsored plan — they don’t treat it like their own money," he said. "They put it under the pillow and really don’t think about it.”
http://www.msnbc.msn.com/id/13322751/