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Old 01-20-2013, 12:47 PM   #41
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Thank you for validating some of the reasoning I have been trying to explain in this forum for the last year or two. CDs do make sense in some specific situations.
I may be a specific situation. 95% of my money is in CD ladders From coming due this month thru 2021. Right now I am earning around 4%. Depending on rates in the next 2.5 years I could be earning only 2.5%. Not saying its great and there may be no way I will keep up with inflation, but I am not blind. Depending on your spending and time retired you will need 2M plus to make it work. Keep on saving heavy if you want to go that route. If the rates go up lock in for the longest time possible.
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Old 01-20-2013, 01:09 PM   #42
Give me a museum and I'll fill it. (Picasso)
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After some soul searching, I found the uncertainty about my future health the most disturbing. Sure, I have been trying to be physically active and eat and drink well, but those are just factors that help.

So, I say "Screw the economic uncertainty! I am going to party." Worrying too much about financial aspects just takes away the joy of life.
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Old 01-20-2013, 03:16 PM   #43
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I'm with others on rental property as the way to go. I've purchased 9 of them over the last 24 months which should bring in 60% of my retirement income needs right now.
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Old 01-27-2013, 11:31 AM   #44
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I'm with others on rental property as the way to go. I've purchased 9 of them over the last 24 months which should bring in 60% of my retirement income needs right now.
+1

Rentals have the nice retirement income benefit of being mostly tied to inflation (both the income stream, rents rising with wages, as well as the asset value itself).

It's like a COLA'd annuity that takes years off your life in stress and work required.
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