I got this notice in email today.
Now, I understand the importance of saving for retirement. I've been doing that since I was 25. I know I shouldn't plan on Social Security being around. It probably will be, but there's no guarantee. And I can easily see myself working past 65 or 70, not by necessity, but by choice.
But even so, I'm only
Seriously, these people at T Rowe Price have my age and time with the company on record. What are they thinking? Do they know something about my career prospects that I don't?
In the best of times, you can't assume that 99% of those under 40 are just a few years from retirement. But now? With more people losing their jobs with minimal savings, they think people in my age bracket are about to retire?
With 401Ks and traditional pensions taking huge hits in the stock market free fall do they really think retiring on these nest eggs makes any kind of sense? Have they checked the market lately?
Is someone at T Rowe Price just trying to artificially create opening for their own college graduate kids who are now looking for jobs?
Retirement is not just a few years away. It's a few decades away. I think that's a reasonable assumption to make for most people in their thirties. And, yes, we should all be planning for it, but that is long range planning.
If T Rowe Price has such shoddy financial planning that they think the majority of those under 40 are just "a few years away" from retirement, then perhaps I shouldn't trust them with my retirement savings.
Or perhaps someone needs to teach them how to filter and appropriately direct their broadcast emails.
"retirement just a few years away." Yeah. I have my doubts.