- Joined
- Oct 20, 2009
- Messages
- 28,431
- Reaction score
- 16,990
- Location
- Sasnakra
- Gender
- Female
- Political Leaning
- Moderate
Nope. You need enough wealth to generate the income you need. You can spend a little of your wealth, but not much. I expect to live to 80, my wife to 90. Do your calculations and you’ll be surprised.
Also, let me state how I rate the reliability of our income sources: My pension has the highest risk in ‘failing’ since it’s dependent on a private company. Social Security is much more a sure thing than the pension, but it may not keep up with inflation. Our wealth is the most reliable and it generates the most income.
Well then maybe planning on being unemployed for 20 - 30 years is a bad idea.
Aim for 'retirement' if something bad happens in your life and you CAN'T work anymore . . 'retirement' should be avoided and any funds for such a thing should be considered a safety net *only*
It's a personal preference - I think things go terribly wrong when people actually look at it as a right and as a government responsibility to ensure.
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