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“We have to get people comfortable with enjoying their retirement and spending their money,” Fellowes said. Implying that the only way to enjoy retirement invo

• gedy 9y ago
  I'd be comfortable 'spending my money' in a future retirement if the retirement could generate decent passive income. As it stands, though, it's looking like many folks like me will have to work until we die and/or save enough to burn with just living and healthcare costs.
  • djrogers 9y ago
    Do you foresee medicare failing? Also, what's stopping you from setting up your retirement such that you do have passive income?
    • maxxxxx 9y ago
      That's quite difficult in a zero percent interest environment.
    • __jal 9y ago
      > Do you foresee medicare failing? I see a non-zero chance that it won't be there when I reach retirement age in ~20 years. These days, the US political climate is looking far friendlier to those who want to destroy wealth transfers that benefit the non-rich. Also, the US political establishment in general is looking substantially less stable than it did 20 years ago. That's not to say it is going to break down in a year or five. But I do think making bets on it should only be done with money you don't need.
• neolefty 9y ago
  It's a cart before the horse problem. His argument is that the economy is imbalanced by excessive saving, and it needs retirees to spend more. He's trying to come up with a reason for them to do it.