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Subject:  Re: The myth of the $1 million retirement Date:  4/24/2006  4:39 PM
Author:  ziggy29 Number:  51365 of 88524

One problem I have with the doom-and-gloomers is that they may be discouraging people from starting to save at all.

If people are told they need (say) a million dollars, and someone has no chance in hell of getting even close...maybe they just say "forget it" and don't even try, out of despair. So instead of having a couple hundred thousand by the time they reach their 60s, they have...nothing.

The alarmism may be a useful kick in the butt -- but it can also be discouraging, too.

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