Koolau
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
In another post I mentioned the book "The Coming Generational Storm" by Scott Burns and Lawrence Koltikoff. Many here have touched on several of the issues addressed in the book. B & K seem to come to much the same conclusion as Dex and others that we're in a unique retirement climate which will not last. In fact, B & K warn of rather dire consequences to our children and perhaps even to ourselves.
What I wonder is whether even those of us with (what we now think of as) bullet-proof retirements (e.g., pension, 401(k), no-mortgage, SS, etc.) could still end up out "on the street" so to speak.
Has anyone thought of backups to these more traditional retirement tools? Gold? Guns? Survival rations? I'm at least partly serious. I guess reading their book has sort of given me the retirement heebie jeebies. B & K do have some suggestions for back ups including owning a house and some small investment in gold. But I think they believe we ALL will eventually face a lower standard of living, no matter how well we've planned for the future.
Anyone else read B & K? Agree? Disagree?
What I wonder is whether even those of us with (what we now think of as) bullet-proof retirements (e.g., pension, 401(k), no-mortgage, SS, etc.) could still end up out "on the street" so to speak.
Has anyone thought of backups to these more traditional retirement tools? Gold? Guns? Survival rations? I'm at least partly serious. I guess reading their book has sort of given me the retirement heebie jeebies. B & K do have some suggestions for back ups including owning a house and some small investment in gold. But I think they believe we ALL will eventually face a lower standard of living, no matter how well we've planned for the future.
Anyone else read B & K? Agree? Disagree?