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- Nov 27, 2014
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This was an interesting article (at least to me). The basic premise of the article is that the US is in financial trouble and it will affect how people should plan for retirement. Couple interesting points made are that you should work as long as you’re able and take SS as late as possible (I assume he means 70). More interesting was how to plan for retirement by focusing on your living standard versus the framework of the financial institutions which focus on your planned income. Unfortunately, the article didn’t give a lot of information on how that would be done or how the two methods are different.
FWIW, I do agree with the basis of the article, that our country is way over committed and that the chickens will come to roost in my expected lifetime. I’m not sure it will be catastrophic, but I believe it will be painful. I just wish I had a better plan as to how to best deal with this. I read the book, by this economist, The Coming Generational Storm several years ago. Maybe it’s time to go back and read it again as I work to make my money last as long as my life.
This economist thinks the US is bankrupt. What that means for your retirement
FWIW, I do agree with the basis of the article, that our country is way over committed and that the chickens will come to roost in my expected lifetime. I’m not sure it will be catastrophic, but I believe it will be painful. I just wish I had a better plan as to how to best deal with this. I read the book, by this economist, The Coming Generational Storm several years ago. Maybe it’s time to go back and read it again as I work to make my money last as long as my life.
This economist thinks the US is bankrupt. What that means for your retirement