[quote=patientrenter]My brother-in-law, who is retired, gave me this advice even last year, when I had much more: It’s a lot more expensive than you think to retire. (He’s doing fine, but he knows what it’s like to have lots of time and the desire to travel, play golf, and engage in other amusements, and he knows it costs money.)
Don’t let the nostrums of the financial planners catering to the baby boomers fool you. Assets won’t earn enough in the foreseeable future to let you retire for most of your life for less than the cost of an average home.[/quote]
Well put patientrenter …
Or as this recent article from BusinessWeek puts it:
“The recession is making clear what we’ve suspected for a long time. The concept of not working and embracing leisure for the last third of one’s life isn’t practical for most people.”
