Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Retirement To Change Drastically
Old 02-13-2011, 03:28 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: 5,971
Retirement To Change Drastically

Not sure I agree with all of this, but there will be a big difference in retirement as pension plans go out of fashion and future SS changes to some kind of animal that we may not recognize. They say that you should begin saving in your 30's or even 20's. That's what many of us did. Not a new concept.

Retirement will be unrecognizable in the future when it is compared to what has been known in the past few decades, according to Merrill Lynch financial experts.

“Baby Boomers turning 65 are turning the perception of later life upside down,” says Andy Sieg, head of retirement services for Bank of America Merrill Lynch. The statement was made during a press conference on the the release of the Merrill Lynch Affluent Insights Quarterly Survey of 1,000 affluent Americans with investable assets in excess of $250,000.

Major findings of the survey include a difference in the way men and women view retirement and the revelation that a vast majority of older workers and retirees would advise young people to start retirement planning in the 30s or even 20s with the assistance of a financial advisor.
At the same time, the experts pointed out they are optimistic about the survey results, such as 72% of the affluent feel they will have a better standard of living in retirement than their parents.
Retirement To Change Drastically, Merrill Says

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!

Old 02-13-2011, 05:17 PM   #2
Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,615
Thanks for posting.

I found this interesting:

Nearly half (47%) described themselves as conservative investors and the percentage was even higher for younger people, 59% for under 35 and 41% for 35 to 64.
Leaving aside that this looks like recency bias, it also suggests that we may be seeing another generation whose investment habits have been affected by economic conditions experienced relatively early in life. Of course, it would help to know what was meant by "conservative".
Budgeting is a skill practised by people who are bad at politics.
traineeinvestor is online now   Reply With Quote

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
If You Could Change One Thing About Your Personality, What Would You Change? haha Other topics 57 09-17-2009 01:10 PM
Did retirement change your relationship with your spouse or SO? JustCurious Life after FIRE 8 03-30-2007 10:05 PM
Treat Retirement Like a Career Change paradiseken Life after FIRE 19 11-28-2006 03:57 PM


All times are GMT -6. The time now is 06:49 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.