Sunday, August 21, 2011

The New Retirement Plan...Don't Retire

A good summary of an article on retirement planning re-visited. Note that those surveyed estimate a retirement need of $600k (likely far too low) BUT only 30% have more than $100k in retirement savings. Little or no savings= little or no retirement. Amazing how that works. The hyper-damaging fallacy of the huge intra-generational wealth transfer that has largely not happened , was the hoped for retirement plan of many older boomers reaching their mid 60's now.