Your Friendly Pharmer has expected non-retirement for decades. It was easy to observe that the concept of retirement would end along with the stupid idea of buying houses worth 4 or 5 times the annual income.
Throughout human history, people worked until very close to the time of death. The concept of retirement was an anomaly which has to come to an end. Get used to it.
Investing with the Merrill Lynch becomes a questionable decision, given their effort to spin the fact that the retirement concept is a mirage for almost everyone, as a matter of choice or personal fulfillment. The so called “career break” corresponds to the time it takes for people to realize that they really could not financially sustain retirement.
Woudn’t it be better if investment advice could come from people who tell the truth?