Originally Posted by Baron Von Raschke
I am surprised by the number of people who say 60+ given actuaries' high salaries and general cheapness.
Our high salaries - combined with varying levels of "cheapness" is what is going to allow us a comfortable retirement at age 60+. If we could all retire then with a guarantee of the same tax levels and social security benefits that are enjoyed currently, then you might get more answers below 60. But as actuaries we must be realistic and add a hint of pessimism; I'd be surprised if either is the case. I just plan to stash as much away as possible and I'll figure out the details down the road when retirement is becoming a possibility.
On my current assets I can be retired for 3-4 yrs, so all I have to do is take subtract that from my age at death and voila! Oh wait, I'm married with kids nevermind.
Imagine what it's going to be like for all the baby boomers who think they'll have plenty to retire on and find out otherwise. Competition for the greeter position at WalMart is gonna be fierce!