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Calculating S.S. benefit at 62 vs 66
Wayne.B wrote:
On Tue, 12 Aug 2014 02:23:59 -0400, wrote: if you have 30 million boomers liquidating their 401ks === I don't think liquidate is the right description. Those who have made good investment decisions can do well with the just dividend stream and capital gains, leaving the principal amount mostly untouched. The problem, is most of those retirees have little actual money / income. So they will have to cash in the retirement accounts for living. I read somewhere that the average savings of a 50 year is less the $50,000. They are not going to get to the amount of savings by 66 to live off of the dividend stream. In other words, most have made either bad investment decisions, or saved little, or both. Those people who have driven around in leased Bimmers and MB's and living the good life on current income are probably a majority. Or they were lower income workers. Janitors, etc. |
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