Just Never Retire

[Filsilva]

http://www.moneyville.ca/article/1258295--moneyville-makeover-this-retire-early-plan-has-high-failure-risk

So, if I assume for a moment that this advisor is correct, then what the heck is the point of financial advisors and retirement planning?!? Why pay him money to have him tell you that you can't successfully retire with no debt and $2 MILLION? Just have a plan to work until you get hit by a bus.

"“A do-it-yourself approach can work,” McGruer concedes. “But that says nothing about whether it will work. As investment assets grow, the decisions become more important and the value of more objective professional advice can be tremendous."The entire financial industry is a joke. Their advice is based on you working so you can keep paying their salaries and they are mostly redundant.

I have to stop reading articles like this. It just irritates me.

[Donovan]

My favorite part is that the financial advisor ignores the fact that they will continue to have a small income after they 'retire.' The direct quote from the clients mentions moving to either a lower stress career or opening a B&B.  It seems they have other interests and ideas that will stabilize their post-FI income.

I love that the only comment on there right now says "If you can't retire on $2-million, you're doing something wrong, or listening to the wrong people." Is very true :)

[Forcus]

I don't disagree with what the guy said. He didn't say $2M wasn't enough to retire on. He said it was that hitting the $2M goal wasn't a certainty based on the way the folks had picked their investments in the past. Remember too that 98% of his clients are the spend xx% during working years, and that same xx% during retirement. Not super savers who will further taper their spending in retirement like most MMM followers.