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I would say so. 23% of married retired couples and 43% of single retirees subsist on their social security; 50% or so have pensions, and some rely on their chi
by Jill_the_Pill 8y ago
I would say so. 23% of married retired couples and 43% of single retirees subsist on their social security; 50% or so have pensions, and some rely on their children. It's the wealthiest minority who have sufficient investments to live off of.
- closeparen 8y ago> 50% or so have pensions A pension should be considered equivalent to the assets that would produce the same returns.
- anonymouskimmer 8y agoExcept you can't borrow against it, or liquidate it in case of an emergency/opportunity. And it means nothing to your heirs. Accountants have ways of accounting for pension/annuity returns. Their accounting tricks should be used in these cases.