Join Early Retirement Today
Thread Tools Search this Thread Display Modes
More Retirement Confusion
Old 07-17-2011, 03:50 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,663
More Retirement Confusion

Another story about folks that have no idea what to do in order to have enough in the coffee can in order to retire. No mention about LBYM. It must still be our little secret.

So much about retirement planning today is marked by doubt: We don't know whether our savings will see us through old age. We don't know what might happen to Social Security and Medicare. We don't know whether we'll be able to continue to work for as long as we wish to (or need to). And so we fret a lot. In its most recent "retirement confidence" survey, the Washington, D.C.-based Employee Benefit Research Institute found that 27 percent of workers are "not at all confident" about having sufficient funds to live comfortably in later life the highest level of gloom in the study's 21-year history.
At their worst, such anxieties can leave people paralyzed. Clark Randall, who heads Financial Enlightenment, a planning firm in Dallas, says he often sees this with his clients: "It's easy to focus on threats they can't control." And that's the point. If you're caught up in issues that are out of your hands interest rates, changes in government programs, the markets you're more likely to overlook those parts of retirement planning where you do have control.
The article never gets around to recommending LBYM, but comes close with this ~

Projecting expenses and income can help you pin down your "number," the amount of money you need to save for retirement. You could be pleasantly surprised. "Many people who have been diligent about building a nest egg find they spend less on themselves than they realize,"
retirement-not-all-gamble-smartmoney: Personal Finance News from Yahoo! Finance
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
"Gray divorce" in retirement Nords Life after FIRE 46 07-27-2011 08:48 PM
GAO Report on Retirement Income Purron FIRE and Money 5 07-17-2011 02:27 PM
Mid 40's looking for soft retirement in 8yrs, 9 months and 23 days sspribyl Hi, I am... 0 07-17-2011 12:34 PM
Life Insurance After Retirement? Tree-dweller FIRE and Money 28 07-17-2011 04:22 AM


All times are GMT -6. The time now is 05:38 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.