daylatedollarshort
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2013
- Messages
- 9,358
I was going to react violently to this reply but saw the poster's post count of 2 ...
If one can't retire with $5M & $100k yearly expense + SS kicking it at some point, there is no hope of RE for anyone. Sharing opinion is good and encouraged in this forum but, but, but ....
I think saving up (annual expenses X years in retirement) in safe, low yielding assets is not popular here but seems to be what Bill Bernstein is recommending these days:
Social Security Benefits: The New Normal| Complete Senior
and what Zvi Bodie has recommended for some time:
http://www.nytimes.com/2012/05/19/your-money/managing-risk-in-your-nest-egg-your-money.html?_r=0
If they are on the fence and want a greater margin of safety, instead of working longer and saving more, if it were me, I would look at cutting expenses.