tangomonster
Full time employment: Posting here.
- Joined
- Mar 20, 2006
- Messages
- 757
Okay, I know that she is not the most astute/respected financial guru, but I was surprised about her advice in the January 2013 O Magazine. In an article entitled "All in Good Time," a "decade by decade plan for securing your financial future," she had two tidbits for people in their 50's. The first was that people in their fifties MUST buy long-term care insurance. No mention about people who may have enough assets not needing it or companies going out of business/not honoring the policies.
The second was "Under no circumstances should you assume you can afford to retire early. Stop working at 60 or so and your savings, social security, and pension may have to sustain you for 25 or 30 years."
Now I understand this was a short (two page) article that is addressed to the masses----but to say that no one should retire early? What about people whose pensions are COLA and who get 90% or more of their ending pay? What about people who have saved lots of money?
Don't know what she would say about those of us who have retired early---would she say that we were crazy and did a foolish thing?
The second was "Under no circumstances should you assume you can afford to retire early. Stop working at 60 or so and your savings, social security, and pension may have to sustain you for 25 or 30 years."
Now I understand this was a short (two page) article that is addressed to the masses----but to say that no one should retire early? What about people whose pensions are COLA and who get 90% or more of their ending pay? What about people who have saved lots of money?
Don't know what she would say about those of us who have retired early---would she say that we were crazy and did a foolish thing?