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|Subject: Re: Don't worry about boomers killing the market||Date: 8/4/2006 6:52 AM|
|Author: RetiredVermonter||Number: 52937 of 74759|
I'm with you -- perhaps agewise, as well.
We were severely limited until only a few years ago as to how much we could legally set aside in "tax deferred" accounts. Today, people can put huge amounts aside; if they don't, they have to share some of the blame if they one day haven't enough.
Yes, I fully realize that not ALL workers have the kind of income that lets them put huge sums aside, but neither did all of us have that much either, relatively, many years ago, but we did it, anyway.
I think the real problem as to do with so many people who actually earn a good living but who also very foolishly somehow think they can live way beyond their means, let alone even at their means, and borrow even more than they earn, just to buy expensive extra homes, cars, boats, trips and whatever.
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