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