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Around the Internet => Mustachianism Around the Web => Topic started by: Plugra on July 22, 2017, 11:51:05 AM

Title: Retirement advice from NYTimes Sage
Post by: Plugra on July 22, 2017, 11:51:05 AM

Financial writer is now close to retirement. He is thinking about the retirement planning advice he wishes he had given to his readers:

https://www.nytimes.com/2017/07/21/your-money/retirement-planning-advice.html? (https://www.nytimes.com/2017/07/21/your-money/retirement-planning-advice.html?)

TLDR version:
1.  It sucks working to age 70
2.  It's hard to save money, because sometimes you have to spend money on expensive stuff
3.  Put away some extra cash so you can pay for your kid's fancy wedding

I dunno ... It kinda sounds like he's admitting that he should not be giving advice on this topic.

Title: Re: Retirement advice from NYTimes Sage
Post by: eddie on July 22, 2017, 02:32:25 PM

I wouldn't throw it in the completely crazy column as it is very mainstream to save just enough and work forever.  But, I definitely won't be following that advice.

Title: Re: Retirement advice from NYTimes Sage
Post by: Rocket on July 22, 2017, 02:42:28 PM

Even in the scenario where the couple works 5 more years, he has them only saving 10% of their salary. 

Title: Re: Retirement advice from NYTimes Sage
Post by: Stubblestache on July 24, 2017, 09:24:52 AM

I had to read the article after your TLDR and must admit...your TLDR breakdown totally nailed it. What a strange column for a financial writer to write as they near retirement.