daylatedollarshort
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2013
- Messages
- 9,358
Robert Shiller has some interesting thoughts on savings and retirement for his students:
The investing golden age may be over: Robert Shiller | Watch the video - Yahoo Finance
He tells his students that they don't seem unhappy now, why not continue to live like that after graduation and save half their income? Stocks are high, bond yields are low, people are living longer, saving 5% a year might not be enough for retirement in 40 years.
"The first solution for an individual is to save more,” said Shiller. In fact, he advises his students to continue living like students even after they’ve entered the real world in order to get used to a high rate of savings."
I just thought this was interesting as we have many members here who chose this path to RE or FI.
The investing golden age may be over: Robert Shiller | Watch the video - Yahoo Finance
He tells his students that they don't seem unhappy now, why not continue to live like that after graduation and save half their income? Stocks are high, bond yields are low, people are living longer, saving 5% a year might not be enough for retirement in 40 years.
"The first solution for an individual is to save more,” said Shiller. In fact, he advises his students to continue living like students even after they’ve entered the real world in order to get used to a high rate of savings."
I just thought this was interesting as we have many members here who chose this path to RE or FI.
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