Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
“ The game is not over for someone in his 60s. A person can live to 90.”
Wrong. You need to have your retirement fully funded in your 60’s. Most people can no longer make it up by that time. Most people can’t or don’t want to keep working into their 70’s and 80’s. That is what this whole thing is about. It is about not having a retirement failure. It is about being able to stop working and enjoy your remaining years. The average person will only live into their late 70’s. They don’t want to work until the day they die.
The Buy-and-Holders don’t subtract for irrational exuberance when they determine whether their retirement is fully funded or not. They are using pretend numbers. That’s the worst of all worlds.
I believe that we should permit honest posting re the peer-reviewed research at every site, without a single exception.
Rob
Why do you even keep this website going? You aren’t doing anything. You don’t work. You don’t come up with any new content. You never finished a book. You won’t go on major forums (Reddit, etc). You might as well sit around watching baseball and videos and skip all the pretend stuff.
Woe is me, Anonymous.
I sincerely believe that the Greaney retirement study lacks a valuation adjustment. That’s the thing. During the three years during which I posted at the Motley Fool board prior to the day when I pointed out the error in the Greaney study, I had become friends with a number of the other people who posted there. Sue me, you know?
Rob