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http://boards.fool.com/my-working-class-neighbor-across-the-street-sold-26888922.aspx
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| Subject: Re: Info needed | Date: 8/9/2008 10:00 PM | |
| Author: AngelMay | Number: 13868 of 20640 | |
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My working class neighbor across the street sold off his house to pay off his gambling debts and credit cards --- he even got a couple of thousand dollars back, representing his net worth. He told me he was "starting fresh." At Age 70. A good friend of mine retired early on an underfunded retirement. He's struggling, again at age 70. Then there are all the fifty year old men, and a few women, living as trolls under bridges and such, out out of inoperable RVs and such. You know ---- clues indicating people aren't doing very well. I'm sure most of them xissed a lot of money away over the years. Seattle Pioneer --------------------- And they represent MOST people? Just asking. I know lots more people than that who are doing nicely. Or, at least, who are not squandering what they have. I guess my point is that, if a person has had the fortitude to actually amass a good deal of money, what makes you (or the OP) think they are not capable of managing to withdraw from it intelligently without resorting to an annuity? That's all. AM |
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