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Bryan
06-10-2011, 09:15 AM
So the writer of this piece continues with the notion that the key to a good retirement is "Save more, invest more aggressively, and/or work longer." -- never mind the fact that 50%+ of ones wealth is stolen from forced taxation and inflation.

I'm not sure how this study is a surprise, at all.

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Here's the full report detailed report-- doesn't seem to cast any real issue on taxes either:
http://www.ebri.org/pdf/briefspdf/EBRI_IB_06-2011_No358_Defr-Ret.pdf


BOSTON (MarketWatch) -- We all think it’s a panacea. If you don’t have enough money saved for retirement, you’ve got a few ways to close the gap between what you have and what you need in your nest egg: Save more, invest more aggressively, and/or work longer.

Well, it turns out that working longer is indeed an option, according to the Employee Benefit Research Institute latest study. The only problem is that the latest research shows that you’ll have to work much longer than you anticipated. In fact, many Americans will have to keep on working well into their 70s and 80s to afford retirement, according to the study, titled “The Impact of Deferring Retirement Age on Retirement Income Adequacy.”

Continued: http://www.marketwatch.com/story/many-of-us-wont-be-able-to-retire-until-our-80s-2011-06-09

lynnf
06-10-2011, 09:53 AM
So the writer of this piece continues with the notion that the key to a good retirement is "Save more, invest more aggressively, and/or work longer." -- never mind the fact that 50%+ of ones wealth is stolen from forced taxation and inflation.

I'm not sure how this study is a surprise, at all.

---------------

Here's the full report detailed report-- doesn't seem to cast any real issue on taxes either:
http://www.ebri.org/pdf/briefspdf/EBRI_IB_06-2011_No358_Defr-Ret.pdf


BOSTON (MarketWatch) -- We all think it’s a panacea. If you don’t have enough money saved for retirement, you’ve got a few ways to close the gap between what you have and what you need in your nest egg: Save more, invest more aggressively, and/or work longer.

Well, it turns out that working longer is indeed an option, according to the Employee Benefit Research Institute latest study. The only problem is that the latest research shows that you’ll have to work much longer than you anticipated. In fact, many Americans will have to keep on working well into their 70s and 80s to afford retirement, according to the study, titled “The Impact of Deferring Retirement Age on Retirement Income Adequacy.”

Continued: http://www.marketwatch.com/story/many-of-us-wont-be-able-to-retire-until-our-80s-2011-06-09

many call it the "work till you drop" retirement plan.

many are on it, unwillingly.

acptulsa
06-10-2011, 09:54 AM
And the economy continues to shrink. And the older workers continue to be among the first to go.