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Stephen J. Kelley
we live in such affluence that we can cut if we
absolutely have to.8
So just spend less. That’s their answer. You can do it; we live
in great affluence. Just cut back.
Let me ask, do you think she is cutting back? What about your
broker? Is he cutting back? Or are they just saying that so you
will keep your money with them and they won’t have to?
What if there were a way to get a discount on the cost of
income from, say 70 or 75 on? What if you could reduce the
cost of living from, say, age 75 on to the same as just one of
those segments above? In other words, what if that chart was
adjusted to show something like the following:
Figure 25: Impact of "Last Things First™"
8 Miller, Mark, “Lessons for retirees from the bear market decade,”
Reuters Money, February 16, 2011
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