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Reply to "Top 1% of Retirees Have 16.7M"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why would it? We all know the baby boomers were pretty bad at saving. Most of how they did it was by lucking in to homes that increased in value exponentially. My parents in law (retired boomers) are not who I want to emulate in terms of savings. They still have to count every penny in retirement. I don't want that. [/quote] I thought the evil boomers were all sitting on piles of cash that they refuse to give their children?[/quote] My in-laws are rich and still act as though they could be homeless tomorrow. [/quote] It’s good to think that way if you want your money to last a very long time. Better than spending without thinking about tomorrow. [/quote] Having $20M and living on $40k/year is probably a bit of mental illness. That is more than normal “frugality.”[/quote]
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