walkitout (walkitout) wrote,

do you know these people?

I sure don't. This article is about a forthcoming Ernst & Young study that reveals the rather stunning news that if you make $75K a year now, and retire, and expect to maintain your lifestyle on just your social security, your money will run out (really? Ya think? This is News You Can Use, Truly):


At the bottom of the article is this gem:

"Eating out five nights a week, is that something that is important, or is that something you can forgo?" he said. "Retirement ends up being a negotiation."

"he" is David Armstrong, of Monument Wealth Management in Alexandria, Va. I would ordinarily complain about how if your non-negotiables are taking up all your income, you should be rethinking those, not just your eating habits, which will have such an impact on your health that you won't _live_ to 90 to run out of money from your poor spending habits. But what's the point? This guy lives somewhere -- or somewhen -- else from where everyone else I know lives.
  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.