“Get the best corrective people”, hello like maybe a accountant and financial advisor? Thanks for your advice Ed, but I continue to get mine from Bloggers like the Money Blue Book

I think the unfortunate reality is that many of us do think we will live forever and continue working at the same pace and strength as we did during our younger years. But like cars, even human parts will eventually creak and break down with age. But like McMahon indicated, you throw in a couple of divorces, health situations, and a faltering economy and you have a recipe for financial tragedy.

I’m still fairly young but I’m already saving like crazy for my retirement. When it comes to the power of compound interest savings, the earlier the better.

It’s scary to think someone could have millions and spend it/lose it all and potentially have no retirement savings.

I hear you on some accounts. I do understand the viewpoints of those that refuse to sympathize with those mired in a housing foreclosure. Particularly with so-called rich people like the McMahon’s it’s just hard to sympathize when they’re talking about foreclosure on a multi million dollar mansion. But I personally don’t think they bought the house on speculative intentions nor were they ARM interest gamblers. They simply got hit by bad fortune - recession, poor economy, health injury, and several divorces. I’m not sure they went on CNN to gather sympathy but rather to let others know that they aren’t alone and that financial mistakes happen to the best (and worst) of us.