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Subject:  Re: Funding Retirement Date:  10/6/2012  1:16 PM
Author:  trader2012 Number:  34461 of 35593


Using my 'Last-Man-Standing' method (and the 2007 SS table) suggests your odds of reaching 88 are 21.8%. That's ball-park enough to your 25.3% estimate for you to worry, for me to worry. That was my only point. Most people are sure they won't live longer than the money they've budgeted for retirement, and in most cases, they won't. But the consequences of losing that bet are severe, like, they now have to go begging for food at a time of life when charity resources are going to be over-stressed due to so many other people having the same problem.

I think Americans have a very unrealistic view of retirement as being something they have a right to, rather than something they earn. If they hate their day job so much that they want to escape it, they should get a different one. And even when they do 'retire', a new one will be dum