@rfilmyer@ItsJakePerry@WireRacing 10% isn’t nothing sure but the idea that LTC is going to broadly wipe out boomer assets is just objectively wrong
Some people dying penniless is not a new phenomenon anyway
@ItsJakePerry@WireRacing Something like 10% of people need the full multiple year, worst case scenario long term care these doomers are quoting. Just completely detached from reality
@firesideflicker@M4RYL4ND@MoneyJrod Financial advisors really aren’t after the “buy VOO and chill (or whatever)” demographic
All of these people wildly underestimate how complicated and personal this stuff gets particularly nearing or after retirement
@DrJ144@aincomeinvestor He’s probably missed out on it by incorrectly calling for the “next 2008” for the last ten years and this helps him sleep at night
@rwpopulist@NEETWorldOrder “How much of those millions is bank debt” is nonsense, that is not how home equity or net worth works
Nobody is arguing liquid assets is the same thing. “Your taxes have 2xed” is also not remotely true