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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 m
by 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 agoDo you foresee medicare failing? Also, what's stopping you from setting up your retirement such that you do have passive income?
- maxxxxx 9y agoThat'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.