Posted By By Jonathan Chevreau
My latest MoneySense blog is on the pros and cons of Extreme Early Retirement, or its opposite, which one reader dubbed “Extreme Working.” It was in response to my recent column in the magazine about extended longevity, a theme we regularly explore here at the Financial Independence Hub’s “Longevity & Aging” section.
As mentioned in the MoneySense version of the blog, one of the readers highlighted — Oakville-based David Davidson — also sent along a photograph of himself, which we’re running here (on the left).
What this all comes down to, and as I commented on Twitter after the original MoneySense blog was posted, is that “Retirement planning would be so much easier if we just knew the exact date of our death!”
Of course, few of us know that so there’s always going to be a tradeoff between planning for a long life that never materializes; and under-saving and living in the present, only to find yourself running out of money before you run out of life. Personally, I’d rather err on the side of the first possibility but as you can see below, some readers (including David shown above), make the case for the second possibility, or a balance between either extreme. Some on Twitter are in the same camp, including Ryan (@simplemoolah):
“LOL. Since we don’t — Don’t blow it all today. Live in the present & enjoy every moment but also plan for your future.”
