We read the newspaper that just published a story of female age 61 and asking whether she was prepared for retirement income into her mid-nineties. After the introductory materials, the reporter wrote that she turned over the figures / personal information to a couple of "experts" who conceded that if this and if that she is probably going to do Ok. None of the if this and if that would I expect to be able to count on. There is so much over which we do not have control (at least not absolute control). The final bit of sage advice is, in effect, don't mess up the financial condition you have worked hard to build. The truth is, in my younger lives it is precisely when I "mess up" (fail) that I have my greatest learning about how to navigate later on. It is "experience," what my father called the School of Hard Knocks.
thanks for starting a discussion thread, BoBraxton!
I agree that you don't want to mess up, but you don't want to live in fear and let life pass you by either. Common sense and smart spending can go a long way toward a happy retirement.
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