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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.

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