‘Retirement for most persons is economic suicide’

Laurence Kotlikoff, the brash Boston College economics professor and Social Security professional, does not mince words.

“We People are financially very sick,” he writes in his new guide, “Money Magic: An Economist’s Strategies to More Money, Fewer Danger, and a Improved Life” before listing all the fiscal gaffes we Individuals make in our lifetimes.

“As a team, we undersave, underinsure, underneath diversify, shell out for terrible expense tips, depend on dying early, retire way too shortly, acquire Social Protection at the to start with probability, cost-free considerably also tiny trapped equity, borrow to spend in stocks, persuade ourselves that

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