Telly
Thinks s/he gets paid by the post
- Joined
- Feb 22, 2003
- Messages
- 2,419
Scott Burns is the personal financial columnist for the Dallas Morning News. Probably syndicated to most of the western world too. He is one of two or three that are mentioned by Bernstein in "The Four Pillars of Investing" as being intelligent and trustworthy in analysis and advice. I read his columns whenever I can. But....
In columns earlier this year, Scott says he doesn't understand why people are betting that they won't live long - by taking Social Security at 62 rather than at 65/66. In fact, he promotes a later retirement, like 70, to maximize the SS benefit.
In a recent column, a guy 56 years old with $850k in assets is eligible for early retirement. Scott says:
"... the best economic protection most people have is their ability to work for a living. It gives you staying power and some room to negotiate. It also gives you income. Try replacing just $1,000 a month of income from work with income form investments - it takes a whole lot of money.
You have an additional reason to remain employed: You're only 56. Given the cost of medical insurance, most people should remain employed (and insured) until they are at least eligible for Medicare".
That's right, he said MEDICARE. 65 years old! He would probably think that I'm a real looney! Maybe that most of us here that are actually ER'd are loonies!
The man worries me when he writes things like that. He's always so sincere and well thought-out. Makes me feel like I'm doing something wrong... stop it, Scott!
In columns earlier this year, Scott says he doesn't understand why people are betting that they won't live long - by taking Social Security at 62 rather than at 65/66. In fact, he promotes a later retirement, like 70, to maximize the SS benefit.
In a recent column, a guy 56 years old with $850k in assets is eligible for early retirement. Scott says:
"... the best economic protection most people have is their ability to work for a living. It gives you staying power and some room to negotiate. It also gives you income. Try replacing just $1,000 a month of income from work with income form investments - it takes a whole lot of money.
You have an additional reason to remain employed: You're only 56. Given the cost of medical insurance, most people should remain employed (and insured) until they are at least eligible for Medicare".
That's right, he said MEDICARE. 65 years old! He would probably think that I'm a real looney! Maybe that most of us here that are actually ER'd are loonies!
The man worries me when he writes things like that. He's always so sincere and well thought-out. Makes me feel like I'm doing something wrong... stop it, Scott!