No. of Recommendations: 0
I think its a much more complicated decision than implied by the poll, and very much depends on other circumstances. Some who work for companies with good pension plans probably will retire at close to full pay from those sources. They will have many options for their Roth IRA and 401K balances--including using them for estate planning purposes.

Others will see their jobs eliminated early and/or will convert their pensions to IRAs and possibly Roth IRAs. They will need those accounts and their investments for income in retirement. But if done right, given reasonable investment results and good planning, their balances may be large enough to leave decent estates to their heirs after funding a nice retirement for themselves.

A third group will have minimal or no pensions from having been self employed or worked for companies without pension plans. They will rely on Roth or IRA if they were smart enough to have one to supplement Social Security.

Different strokes for different folks. There are many situations.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement