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More Survey Data- Folks Not Getting it
Old 11-11-2013, 05:21 PM   #1
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More Survey Data- Folks Not Getting it

Most posters here get it now and have gotten it for many years. Gotten what? LBYM.

Yet another story about how most of our fellow Americans are still searching for the right circumstnces to RE. They don't seem to know that this is not something that can be started at age 50-60.

"Unpredictable retirement dates, compounded by misperceptions about retirement expenses and the uncertain futures of traditional sources of retirement income may leave many retirees at risk for outliving their retirement savings if they don't prepare properly," says Eric Taylor, national sales manager for annuities at Genworth.
Solidifying a recent trend in which Americans seem to be struggling with their retirements, the Genworth study says that 73% of Americans are "confident they will retire as planned," yet only 48% of actual retirees "retired when they expected."

Then there's the problem that, as a recent survey by Wells Fargo (WFC_) says, middle-class Americans consider paying off debt a bigger priority than saving for retirement.
Americans Retiring Early, Then Running Out of Money - TheStreet

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Old 11-11-2013, 06:05 PM   #2
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There is another thread discussing this article, here:

Americans Retiring Early, Then Running Out of Money.

Since it is already two pages long, I'll close this thread and discussion can move there.
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