Go ahead, spend the bonus

USA Today: Scared about saving enough for retirement? Chill, author says

Fear not, financial guru Jonathan Pond brings glad tidings of great joy just in time for holiday shopping season.

The man best-known for dispensing money advice on PBS stations nationwide has a new book, You Can Do It! The Boomer’s Guide to a Great Retirement. His book attempts to reassure boomers spooked by the specter of living out their retirement years in abject poverty unless they meet their much-ballyhooed “number” — the magical sum of cash, usually $1 million or up, they’ll ostensibly need before calling it quits in the workplace.

Stop the hand-wringing, says Pond. The “number” is largely a creation of members of the financial services industry, who have a vested interest in scaring you into sending them more money.

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