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You'd Be Better Off Just Blowing Your Money: Why Retirement Planning Is Doomed

TedTed
in Fund Discussions
FYI: I know this is a bold, and possibly controversial title, but retirement planning is broken and leaving people broke.

The destructive narrative is, “work hard, save money in a retirement plan, wait and it will all work out in the long run.”

The reality is, without the ingredients of responsibility and accountability, there is no easy solution for retirement. Meaning, if we just work hard and set money aside, we are putting money into a market we have no control over.

The institutions are winning though. Taking fees along the way. Convincing us to separate ourselves from our hard earned money, encouraging us to take it out of the business we know and put it into investments we don’t.
Regards,
Ted
https://www.forbes.com/sites/garrettgunderson/2019/07/16/youd-be-better-off-just-blowing-your-money-why-retirement-planning-is-doomed/#31d23618302d

Comments

  • jerry
    Sorry Ted but I don't think this article is worth the time of frequent visitors to this site.
  • Old_JoeOld_Joe
    Our Motto: Quantity, not Quality!
  • msf
    Here's a good (and lengthy) deconstruction of Gunderson's book from a fine site, The White Coat Investor.
    https://www.whitecoatinvestor.com/killing-sacred-cows-a-review/
  • TedTed
    @MFO Members: The "Quality and Quantity" had over 650 views since this morning . How many for OJ today, 0000000000000000000000000000000000 !!!
    Regards,
    Ted
  • hank
    edited July 2019
    @Ted,

    I specifically looked at this thread because I noticed that mfo board favorite @Old_Joe had made a comment. So, when you count those “total views”, do you have a way to compensate for the fact that many of those “views” were attributable to respected stalwarts like @msf and @Old_Joe having posited a remark - and not necessarily because you initiated the thread?

    It might even be fairer to credit the OP with just one-half view and grant a full-view only to each of those who actually offered substantive comment. They’re the ones who did the “heavy lifting” and moved a lifeless thread onto the discussions + page and in enticing others to read it.

    “No man is an island” - John Donne

    Regards
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