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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (17022)	2/9/2004 1:37:12 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

One has to think that in a nation where we have the majority of people with inadequate saving for their retirement while fully expecting that they should be able to retire to 30 years of playing golf, that those who do save and invest successfully will be punished in the future the people who will be really punished are the younger people who will have to pay even higher taxes to support all the lazy boomers. since they will ultimately balk at this, benefits will be lowered and people will work longer. the continued oversupply of labor should help keep wage growth down. The one thing that always scares me is that a tax deferred plan puts you at the mercy of what Congress might do i have had the same idea as you, but i think the benefits are there for continuing to hold for some time, at least in my case. i have three decades of tax-free compounding ahead of me before i would begin to think about withdrawals. by then, i expect people will be working well into their 70s and even 80s. considering the longevity benefits of Modern Medicine, it is only fair that people work longer. especially when they have saved so little... one book with some interesting thoughts on this matter is: "What if Boomers Can't Retire?" by Thornton Parker. amazon.com this book clearly explains the glaring flaws in the typical strategy of buying overpriced stocks today in hopes of selling them for even more money in the future. in the future, people will need income, so they will be attracted to meaningful dividends and bonds. i suspect that people will stop trying to make the argument that dividends don't matter. unfortunately, with stocks as overpriced as they are now, we will need a healthy market crash just to get dividends back to 75% of the 10yr yield. that is, if civilization doesn't collapse due to a sudden ice age, which would eliminate many of our worries about the future... CLIMATE COLLAPSE The Pentagon's Weather Nightmare The climate could change radically, and fast. That would be the mother of all national security issues. fortune.com