Coming Financial Collapse Moderated Message Board

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Strategies & Market Trends : Coming Financial Collapse Moderated

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To: TobagoJack who wrote (650)	4/10/2002 3:45:30 AM
From: EL KABONG!!!	Read Replies (1) of 974

Jay, Hmmm... I notice that there's no place on the chart for people who plan to retire using a credit card... In other words, debtor retirement... <g> Yeah, that's the ticket... Instead of pay-as-you-go, we could be looking at why-the-hell-should-I-pay-if-I'm-gonna-go-anyway??? My wild guess is that the results are skewed towards an underestimation of actual wealth available for retirement because most folks tend to think of retirement in terms of pension/401(k) plus social security plus personal savings. Most people forget things like equity in a home or insurance policy, pre-paid expenses such as health insurance or a burial plot, secondary home values, etc... However, that said, most Americans are vastly unprepared (financially) for their retirement years. The figures I have seen (that do indeed take into account total wealth and all benefits) seem to indicate that most Americans will have less than 50% available funding for their intended retirement lifestyle, meaning that most Americans will be forced into working (full or part-time) for much longer than they anticipated and/or they will drastically revise their retirement plans. KJC (chugs back at ya...)

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