Re:As Families Change, Korea’s Elderly Are Turning to Suicide
by lutusp on Sunday February 17, 2013 @05:44PM
(#5237062)
> If you've only got so much money, sure, trying to live off the interest is not a terrible strategy. If we're talking retirement planning (which I thought we were), then planning to live off 8% interest of a minimal amount of savings is NOT a good strategy to shoot for.
Of course it is. It's the most obvious and most reliable strategy to plan for, regardless of how much money you have. Do you suppose Warren Buffett has a cash slush fund stashed away in his mattress for his retirement?
> This is why I made my initial point, that I can see elderly suicides rising in the future.
That might happen. It might happen because people can't plan their lives very well.
> Now of course if it comes time to retire and you only have $500k to make last, you're obviously going to want to take some greater risks with your investments and live as minimally as possible and hope for the best.
How is that a problem, and how does it contradict the idea that one should plan a retirement based on investments?
I think your objection is not to prudent investments but to the unfairness of life. If so, go ahead -- complain about how unfair life is, but in the meantime, save some money for your retirement.
Of course it is. It's the most obvious and most reliable strategy to plan for, regardless of how much money you have. Do you suppose Warren Buffett has a cash slush fund stashed away in his mattress for his retirement?
> This is why I made my initial point, that I can see elderly suicides rising in the future.
That might happen. It might happen because people can't plan their lives very well.
> Now of course if it comes time to retire and you only have $500k to make last, you're obviously going to want to take some greater risks with your investments and live as minimally as possible and hope for the best.
How is that a problem, and how does it contradict the idea that one should plan a retirement based on investments?
I think your objection is not to prudent investments but to the unfairness of life. If so, go ahead -- complain about how unfair life is, but in the meantime, save some money for your retirement.