Step 2: Fix It

Bloomberg TV on HULU doesn't have regular commercials. During commercial breaks they show short clips from recent interviews and from recent panel discussions (like at conferences). There was one this morning from some conference where a woman said the only way to solve the retirement gap is through public/private partnership. I might be paraphrasing but you get the idea. 

If she is correct, it's from a top down context whereby somehow they need to fix the system. 

She may very will be correct but how long has there been a problem and it still hasn't been fixed. However long you believe it has been a problem and it hasn't been fixed, you are that many years older. It seems like this has been an issue forever. We're all 20 years older or 30 years older, whatever but it still hasn't been fixed. Arguably retirement readiness has gotten much worse. 

This will be a short post to reiterate a point from before. I think it is a mistake to expect them to fix it whether the it in question is retirement, healthcare or anything else. 

If someone is relying on nothing but Social Security for retirement, even if the dollars they are entitled to can work, what if something crazy happening with SS? Something crazy at this point shouldn't be completely dismissed. If someone is relying on Wegovy or Mounjaro to solve any and all health issues, even if the meds work, what if something crazy happens with pricing or access? Something crazy at this point shouldn't be completely dismissed, repeated for emphasis.

If they ever get to work trying to fix any of the problems you think we face, what is your best hope for an outcome? What are the odds that whatever they come up will actually make it better?

Maybe I am too cynical but I don't expect them to fix anything, I certainly wouldn't rely on anything getting fixed. 

Anything we might do to prevent or solve our own problem may work or may come up short but if nothing else there is virtue in the effort although despite how this post reads, I am very optimistic about people solving their own problems when they put in the work. 

The information, analysis and opinions expressed herein reflect our judgment and opinions as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation.