Quote:
Originally Posted by Mosbonian
I am guessing there were a lot of people saying the same thing before 2000 who are now having to postpone retirement because much of what they saved/invested/speculated on either was lost, depreciated, or stolen/defrauded from them.
Not to mention one catastrophic illness away from eating up any savings/investments.
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Delayed yes, but if you stay in the market, within 5-6 years you made it back. And with investments, it's not like your taking out all your money out exactly when you retire. You draw it down very slowly so even a market crash like 2008, you could have still done it and came back ahead of your previous high.
We really have no choice though, those of us without pensions that is. Liquids savings just gets eaten up by inflation much too fast to be a retirement option. And those under 35 should not even worry about social security. It's all on you to retire.