"Short" Changed
My wife is fond of recounting one of our early dates when we ran out of gas. Now, we were in the heart of a Chicago suburb at the time, not the middle of nowhere, and while the hour was late, I continue to maintain that it was a simple case of my misreading the gas gauge in a relatively new car with which I hadn’t yet gained a full appreciation for just how far I could push such things. My wife, of course, has always accused me of a more “nefarious” purpose. It would be more difficult to explain such an outcome these days. We’ve gone from vehicles that simply had a floating gauge and a range of red at the 1/8 tank line, to those that have a solid and then a blinking yellow light, to ones that beep and flash and tell you how many miles you have left before you run out. As inconvenient as running out of gas late at night can be, it surely pales in comparison to the prospects of running short of money in retirement. EBRI has, for more than a decade now, used h...