Mind Over Money: How to Win the Retirement Game of Risk at Yahoo! Finance offers an interesting way to think about retirement saving. In the article, Professor Moshe A. Milevsky presents retirement saving as a process of efficiently converting earnings into financial assets that can support oneself as earning capability declines.
Here were some of the interesting points I found in Professor Milevsky's retirement savings approach:
The age of retirement is dependent on how efficiently earnings income can be converted to financial asset income. The more financial assets accumulated, the earlier one can retire.
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This is not financial or retirement advice. Please consult a professional advisor.
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