Don’t believe it for a moment
This advice is not for people who are striving to be in the top 10% of income earners and plan to retire at an income in the ballpark of what they have been accustomed to. My guess is that this author is trying to sell books and articles and I would place a large bet that he isn’t planning to live on just Social Security or a pension. His claim is that financial services firms are advocating accumulating large retirement assets because they make money on it. Hey, just because a dentist gets paid to tell you to floss regularly, that doesn’t make him wrong.
