Not Saving for Retirement at 40? Crazy!



Comments (4)

  1. Charles C Whiteaker says:

    Maybe the people have lost faith in the government.
    It’s runaway deficit spending the constant decline of the value of the dollar. Maybe they think the sacrifice isn’t worth it if their money is valueless at the time they retire!

    [Reply]

    Tim Maverick Reply:

    Thanks for your comment. The dollar’s decline is one reason why people should invest for retirement. You need to try to outpace the long-term ravages of inflation/weak dollar. Also if you diversify properly – you will have assets in other countries and also in the anti-dollar, gold.

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  2. Anonymole says:

    Since when did this word “retirement” actually come into being? Only in the last 80 years or so, and primarily due to the existence of large corporations. You were unfit to work after 65 so you should get some stipend to help you survive. BAH! There is not a retirement concept anymore. Just as humanity has done since the dawn of time we will work until we die. Period. “Retire”? Just a broken meme that the investment sector has foisted upon humanity.

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    Tim Maverick Reply:

    Thanks for your comment. Retirement came into being as a way a civilized society can reward those people in their old age who led productive and industrious lives and can now enjoy the fruits of their labors. While I agree there are some unscrupulous people in the investment business, most people are in it to help others achieve their financial goals. You make the most money when your clients make money and then recommend you by word of mouth to others. It’s a win-win.

    [Reply]

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