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Old 05-01-2020, 12:06 AM
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Default Re: Why do so many assume that retirement means settling for less income?

The term "Saving for a rainy day" is out the window...

Longterm money management almost ALWAYS depends on one person in a marriage/couple...and there's a 50% chance that person will pass on first, and there's a chance that person didn't have much set up, leaving the remaining person in desperate need...

If a couple is financially OK because of one person's pension and that person moves on, that pension doesn't necessarily move to the spouse or next of kin...leaving the still-living spouse with the same bills but without the checks to cover them...

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