Wednesday, August 24, 2011

Don Singleton On Retirement Age

Don Singleton:
"Much higher. But do it gradually. Don't just slowly take it up to 70 and stop. Each year when the retirement age is less than life expectancy increase it a few months. This will encourage younger workers to maintain their own retirement savings that can increase with compounding interest, and investments that can appreciate over the long term, and not depend on an undependable government to do it for you."

Yes, you read that right. This fellow thinks that retirement age should be increased as long as it is less than life expectancy.
I had to read this several times and read other posts by Mr Singleton to make sure that i wasn't being tricked by a parody site.

I expect to work until I am no longer physically or mentally able to do so because I love what I do and as an added bonus it is very rewarding financially. In Don Singleton's world we would ALL have to do that, no matter what we do for a living. I don't know much about Mr Singleton other than he seems to be a geek like me but I am guessing that he doesn't have a lot of manual laborers in his social circle.

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