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“Retirement Accounts and Short Timelines” by jefftk
Sometimes I talk to people who don't use retirement accounts because
they think the world will change enormously between now and when
they're older. Something like, the most likely outcomes are that
things go super well and they won't need the money, or things go super
poorly and we're all dead. So they keep savings in unrestricted
accounts for maximum flexibility. Which I think is often a bad
decision, at least in the US:
Even if you're especially optimistic or pessimistic, the chance
that you'll want money at retirement is large enough to be worth
planning for.
The money is less restricted than it sounds: there are several
options for using the money before retirement age.
The money is more protected than if you save it normally.
I think the cleanest comparison [...]
---
First published:
February 19th, 2024
Source:
https://www.lesswrong.com/posts/CcqaJFf7TvAjuZFCx/retirement-accounts-and-short-timelines
---
Narrated by TYPE III AUDIO.
View all episodes
By LessWrongSometimes I talk to people who don't use retirement accounts because
they think the world will change enormously between now and when
they're older. Something like, the most likely outcomes are that
things go super well and they won't need the money, or things go super
poorly and we're all dead. So they keep savings in unrestricted
accounts for maximum flexibility. Which I think is often a bad
decision, at least in the US:
Even if you're especially optimistic or pessimistic, the chance
that you'll want money at retirement is large enough to be worth
planning for.
The money is less restricted than it sounds: there are several
options for using the money before retirement age.
The money is more protected than if you save it normally.
I think the cleanest comparison [...]
---
First published:
February 19th, 2024
Source:
https://www.lesswrong.com/posts/CcqaJFf7TvAjuZFCx/retirement-accounts-and-short-timelines
---
Narrated by TYPE III AUDIO.
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