March 13, 2012
Readers Express Views on Research
Squared Away readers responded strongly to a recent post, “For Elderly, Little Left as Life Ends.” New research showed that half of the elderly living alone and one-third of couples have less than $10,000 left in savings in the years before they leave this world.
A comment that came in from Susan Weiner, a Boston-area chartered financial analyst, said, “This study is disturbing no matter how you read it.”
John Graves added a skeptical note: “As always, it all depends on how you read the statistics. I read this as, ‘nearly 50 percent had more than $50,000 in assets when they died.’ ”
Do you read the glass as half empty or half full? What are the difficulties of making your savings last through all the phases of retirement?