Re: How To Tap Your Nest Egg & Not Go Broke
These brokerages that are "selling" the ideal amounts required for retirement, are going to do quite well, in my opinion.
The woods are full of high earners that actually have never done much on their own, with the exception of large incomes.
The clients they are seeking, are by and large dependent on other folks for their everyday survival.
Brokers to handle their finances, Yard service,
part, or full time nannies, if they have children,
guides if they decide to go fly-fishing, packaged tours if they decide to travel, etc. etc.
It would be a stretch to imagine this type to be posting on an early retirement board.
They will undoubtedly, when they decide, enough may be enough to go to the broker that has been "handeling" their investments while working.
It would be very easy to shoot down the recommendations of the various "plans" put forward in this example by most posters on this board. The client will never know the difference, and if he has enough net-worth, it probably won't result in a busted retirement.
Wouldn't work for most of us, and we'll just have to rely on common sense, and self-education.