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Retirement Planning > Social Security

We're All Getting Older

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Thanks for Olivia Mellan’s article, “Retiring Minds” (The Psychology of Advice, cover story, March 2006). I turned 55 this month–also noticed a lot of dyslexic-type keyboarding. I also waffle on retirement goals and expectations. I know I want to live purposefully (making the world a better place, and maybe even creating more capital) as long as my mind and body allow. (I also have a twenty-something year old son–26, I think.)

Sometimes I think I will go full force in my current career until age 70 or 75, and sometimes a life of leisure seems quite appealing, as long as I do enough volunteer work to give a sense of accomplishment and contribution to society.

Clair H. Sauder, CFP

MMA-Sauder Financial

Lancaster, Pennsylvania

Irrational fear of capital gains

I Enjoyed Olivia Mellan’s March column, “Tax Evasiveness.” My problem is with clients who are so averse to paying capital gains that they insist on selling good holdings to reduce net gains (even I sell some losers and even Warren Buffett makes mistakes). But I won’t sell a stock that I feel is underpriced.

Maurice Gellman

Financial Advisor with Raymond James

Wantagh, New York

Doom and gloom

Regarding the Retirement Plan Advisor, March 2006, on the Chilean social security system, why is this even being discussed? As long as there is a Democratic and Republican party co-existing at the same time, there is no way that Social Security will ever be touched. When the whole system collapses, much like the airlines and auto manufacturers, the polls of that time will be casting blame upon the polls of the opposite party of this time. Social Security is doomed because no one has the nerve to fix it. It is too bad for all of the young folks of today who are forced to pay into something that is doomed to fail.

So again, why should I care about what is happening in Chile or anywhere else in the world?

I wish that I was dead wrong on this, but my experience with politicians is that they just won’t deal with the Social Security issue. The Democrats tell us that it is far too risky for us to invest in the equity market place and therefore, Social Security needs to remain safe and sound while generating a 1% annual return. I wonder how many of our glorious senators and congressmen have all of their investments in T-bills and CDs. The AARP also tells us that stocks are just too risky for us and in the next breath tell us to invest in their stock mutual funds.

David Anneken, CPA/CFP

Wealth Investment Network, Inc.

Edgewood, Kentucky


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