Quote:
Originally posted by sebastian_dangerfield
I think the pension creates a sense of security. You watch it grow over years and it becomes the post retirement lifeline. Its "safe," whereas the account you have with your broker isn't psychologically seen as such a safe lifeline. Partly, my impression stems from hearing people I know gush about how they have it made based on their pensions. In these parts, people brag about moving from DE to PA when they get pensions for tax reasons. Its viewed as a safety net. And frankly, I think safety nets are bad things. They stunt growth and ambition. People don't take as many chances. But I guess you could say, when looking at the housing market, maybe its not such a good thing for Americans to take chances.
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If a person was ambitious and took chances in his or her 20s, 30s, and 40s, is being a bit less professionally ambitious and growth-oriented in the 50s and 60s really so bad? I'm not talking about slacking off so much as easing up in favor of channeling one's energy elsewhere. You're the one who's always saying nobody says on their deathbead I should have spent more time at the office.
I hope to hell I have a safety net when I'm in my 50s, especially in light of how difficult it is to find a job or switch careers at that age.
