Reply to What do you say to someone who asks about how much money you have saved for retirement?

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Reply to "What do you say to someone who asks about how much money you have saved for retirement?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I wish people would talk more freely about money - that would take a lot of the confusion and mystery out of it (like sex).

Agree that you want to know intent before talking. And you don't need to share specifics, If for example it is a friend/colleague who is trying to figure out finances and thinks you are doing okay, you can tell them what you've done to get to where you are, what your portfolio ratios are, how long you've been saving, relay good sources for financial information, etc. You can also relay cautionary tales of what's worked, what hasn't. Maybe couch them as "this happened to a friend or family member." Or say "I think $x is a good amount to have at retirement, because I think that will cover my expenses given the 4 percent rule" as this will covey some of your financial planning thought work.

It's a disservice to society just avoid the topic completely. You can engage without putting yourself or your reputation in danger, and end up helping someone out, and maybe even creating a conversation bond. Given the activity of this forum we are all seeking places where we can safely discuss money issues!  [/quote].

You’re right but isn’t sharing your personal situation an anecdote rather than good general advice or advice applicable to their personal situation? There is so much good personal finance info out there that I’m surprised that they can’t do some basic internet research to answer the questions themselves. [/quote]

Exactly. If you’re not getting enough sex you don’t ask other people- how much are you getting?  It’s not helpful. [/quote]

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