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Dave Braze's article Lost Retirement Dollars on Dec. 12 assumes there is no higher goal than saving for retirement. He moans over he fact some people changing jobs take the money and run.
John Maynard Keynes said the whole theory of being rich is no jam today, jam tomorrow, but then when tomorrow comes you can't have jam then because then you'll have less on hand.
Some things in life beat a pantry full of jam. Going through the woods in Khabarovsk Krai where the Amur tiger lives isn't like any forest in North America. Neither is sitting under an oil palm in Samboja in Indonesian Borneo when a sun bear -- the size of a large dog -- wanders by. A trip to the Wagner Festival at Bayreuth, Germany, is something that gets savored for decades. Saving for retirement is nice, but it isn't a substitute for life. Each of us has to develop our own value system, based on how much adventure we can stand. And we have to admit the answers for each of us can be different, but equally correct.



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Greetings, Taotieh, and welcome. You wrote:

Saving for retirement is nice, but it isn't a substitute for life. Each of us has to develop our own value system, based on how much adventure we can stand. And we have to admit the answers for each of us can be different, but equally correct.

For a very, very small portion of the over two-thirds who took their distribution and ran, your comments may be correct. Unfortunately, for the vast majority, IMHO the action is ill-advised and short-sighted. They will reach retirement with insufficient funds on which to continue life in the style they desire. A significant few of those folks will bemoan that fact, and expect the nation to somehow compensate them for their failure to provide for their future. I trust you are willing to give up part of your retirement stash to ensure they can live more comfortably, right?

Regards..Pixy
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Author: Taotieh Date: 12/13/00 1:38 AM Number: 26576
Dave Braze's article Lost Retirement Dollars on Dec. 12 assumes there is no higher goal than saving for retirement. He moans over he fact some people changing jobs take the money and run.
John Maynard Keynes said the whole theory of being rich is no jam today, jam tomorrow, but then when tomorrow comes you can't have jam then because then you'll have less on hand.
Some things in life beat a pantry full of jam. Going through the woods in Khabarovsk Krai where the Amur tiger lives isn't like any forest in North America. Neither is sitting under an oil palm in Samboja in Indonesian Borneo when a sun bear -- the size of a large dog -- wanders by. A trip to the Wagner Festival at Bayreuth, Germany, is something that gets savored for decades. Saving for retirement is nice, but it isn't a substitute for life. Each of us has to develop our own value system, based on how much adventure we can stand. And we have to admit the answers for each of us can be different, but equally correct.


The thing that bothers me about this line of thinking is that later you will expect me to fund your retirement (via my taxes).

Russ




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