Christy Bieber rolls out the “economic invincibility” advice on MSN, with three questions that would test whether your retirement is in trouble.
Most of all, you need to save 10 times your final salary, and use dollar cost averaging.
I wondered, though, how most workers will be able to do this, unless they are talented enough.
People approaching retirement need to decide how they feel about the “individualism” v. “interdependence” question. David Brooks spoke about this recently in Sarasota, FL, where he denigrated “tribalism” (based on common enemies) and recommended “community”. But he warned that “unrooted” persons will find themselves becoming “unremembered” as their worlds move from competitiveness (the traditional workplace) much more toward cooperation and recognizing need in “retirement”. People will pray for you.
In the meantime, “the young people will win”. At competition. That includes "Martin".