This way leads to madnessYou may very well get a great pension someday but right now your pension is only worth what you would get if you stopped working today. You may be able to see that on your annual pension statement or when you look at your pension plan online.
You could just as easily say, "your savings are only as valuable as they are today. You might have to permanently stop working any month now, so better jack up that savings rate to 80%. It has to last you the rest of your life."
We can't just blow off our reasonable expectations of human capital. Or assume negative investment growth for decades
Prudence is one thing. Catastrophizing another.
Statistics: Posted by ScubaHogg — Thu May 02, 2024 8:35 pm — Replies 12 — Views 879