Invoking Rule Number One

"Rule #1: Never lose money.  Rule#2: Never forget Rule #1." ~ Warren Buffet

After a brief review with our financial advisor, I've concluded we have sufficient funds to support our retirement for another 35 years.   The analysis was done with a conservative rate for return of 3% with 2% inflation, for a real return of 1%.  .  This includes  that I will begin taking social security payments at 70.  In addition, we will pay for both our children's college education.

For us, this means protecting our retirement investments against a significant decline, as occurred in 08/09 and in March 2020.   Going forward, our investments will be primarily conservative, to preserve principal, with a large portion in cash a cash equivalents.

We will be working the specifics with our financial advisor over the next few months.

For more on Reaping the Rewards, check back  Fridays for a new segment.

This is not financial, retirement, nor investment advice. Please consult a professional advisor.

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