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|Subject: Re: A scary fact||Date: 10/25/2012 10:55 AM|
|Author: karenlj||Number: 18024 of 19369|
That is a scary fact, billjam. But how is it that these people did not see the possibility that one spouse my predecease from day one of their retirement planning?
Were they properly advised when they retired? Did they plan appropriately and then let expenses get out of control?
Or did they fail to anticipate changes in investment performance?
Are people being well served by the advice they receive?
Do we have to call on govt to do everything for us? Can't we teach people to be a bit more responsible?
The "I'll get by somehow" approach has its limitations.
I imagine that changes in the economy are responsible for a lot of problems--increases in the cost of living and interest rates, for example. I also remember the story of a widow who found out, after her husband's death, that he had elected to receive his pension for his lifetime only, instead of a smaller amount for both their lifetimes.
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