Whale vomit as a retirement plan
Have you seen this article about a person who received what may be whale vomit as a gift? Believe it or not, apparently whale vomit can be worth thousands of dollars. But the quote from the recipient, Ms. Ferreira, surprised me. She said, “If it really does have value, I’m not silly, of course I’d want to sell it. This could be my retirement.”
I don’t know about you, but I don’t want to have to count on the possibility of being given a valuable item late in life as a retirement plan. Nor do I want to have to spend the rest of my life working. (I might want to work at something enjoyable, but that’s different from needing to work.) The article is a good reminder to be sure to fund retirement now. The sooner you start, the better. I do have an IRA and a 401(k), but I need to make sure that they are maxed out.
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January 1st, 2007 at 7:45 pm
I think I have determined that whale vomit is so valuable because nobody is willing to stick their finger down a whale’s throat. I’ll just stay with stocks and bonds, though, thank you.