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Of course, Social Security can help offset some of the income lost from no longer working full-time.
You attempt to stay within your means, and dip into savings when you cant.
For example, I took money out of savings to pay for arecent bathroom remodel.
The couples eldest sonlives in Brooklyn, New York, which is more expensive than D.C.
I decided I didnt have the time, the knowledge or the inclination to manage my own money.
I went to some of the introductory seminars, and realized it was a no-brainer.
What other investment guarantees a 50% return?
This helps the D.C. retiree not have to rely solely on Social Security to make ends meet.
But in 20/20 hindsight, I wonder if we would have been just as well off using index funds.
I now understand that over the long haul, stocks provide the best returns on your investment.
Just match theoverall stock market returnsand leave it.
Trying to beat the market is generally a fools errand.
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