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[quote=Anonymous][quote=Anonymous][quote=Anonymous]14:50  - what would have happened if you had to retire in 2008, when the stock market was sucking eggs,  because you were laid off in that bad economy, or you had health problems? And yet lots of people did have to retire then, and many of them undoubtedly had lower incomes than you, and so they could have saved less than you. THAT's the problem.[/quote]

What are you talking about?  If you willingly chose to retire in 2008, can we at least agree that they were in the position to.

Are you presuming that they made a FULL withdrawel of the retirement accounts prior to the crash?

In terms of Roth, 401K, etc., their share quantity remained the same, save for their periodic withdrawels. Again, it should have been high enough to allow them to retire, yes, the value dropped, but by and large, many are back up again.
[/quote]

Why do you refuse to see that:
1. Lots of people are [i]forced[/i] to retire in a given year because they lost jobs or have serious health problems. Retirement isn't always a choice.
2. If you buy an annuity with your IRA, then you do have to sell all of it, or at least a big chunk. And if there's no Social Security annuity, most people are going to want to buy an annuity with their IRAs to insure against longevity risk.
3. If you follow a strategy of drawing down your IRA assets instead, you would have sold pieces of it for low prices in 2008.. It's irrelevant that you own the same number of shares; what matters is the price you get for each share, which thanks to the Bush Crash was low in 2008.
4. You still haven't answered the question about what happens to low-income people who can't afford to contribute much to an IRA.

Sorry, but I'm willing to bet I know way, way more about financial markets than you do. You will lose this argument.[/quote]

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