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URL:  https://boards.fool.com/quoti-was-told-they-quotretired-without-34278072.aspx

Subject:  Re: Four Phases of Retirement Date:  8/21/2019  2:11 PM
Author:  Neuromancer Number:  94957 of 95745

"...I was told they "retired without enough money". But it was an extreme case that affected them. "

There's no doubt that extreme cases cause damage (often permanent).
But there's no practical way to protect yourself against most of them.
Even a vigilant person can be hit on a sidewalk by a drunken driver while walking in their own neighborhood.
You can reduce some of the risks by avoiding extremes of behavior for yourself, but you are always at risk for an extreme case.

That's why they should generally be ignored in your strategies. Protect yourself against the 98/99 percent likelihoods knowing that in the extreme you will lose.

In the end, we are all dead...
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