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Dec 13, 2024
11:53:40am
runnincoug Intervention Needed
I read it. I thought it was pretty dumb and sensationalist.
It's basically him bragging about how much he loves his friends and family so much that he wants them to all be in the Bahamas with him for his birthday. His examples were pretty ridiculous. It's clear he will not have to worry about running out of money in retirement any way he slices it.

I'm actually supportive of the overall idea of using your money to benefit your family while you're alive instead of when you're dead. I think that's a great principle. But two things:

1) I think this book was the wrong book to explain the principle, because the author just isn't relatable to most people, is a poor writer, and his argumentation had logical fallacies in many places. I often was scratching my head while reading it.

2) he went too far in his ideas. While some of us are too stingy with our money, far more in our society are in danger of running out and living on the charity of their kids. The median amount of retirement savings for Americans aged 65 is only $500K.

I would have appreciated a book that struck a better balance.
runnincoug
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runnincoug
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May 26, 2011
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Dec 13, 2024
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