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If we are embarking on a decade of the 1970s redux stagflation, what do you plan to do about it in retirement? I can't think of doing anything differently (except that my Soc security, when I take it at 70, may be a somewhat larger component of my retirement income than I expected), but wonder if other people approach it differently. Comments?
gold , commodities , bitcoin , managed future funds , floating rate loan funds would likely get a bigger share .
other then that , meh . i don’t worry about what i can’t control.
i just try to play the cards i am dealt the best i can.
we can’t know what we would do specifically until we see the exact underlying causes and conditions
Last edited by mathjak107; Yesterday at 01:49 PM..
I sold my CA home before Covid preparing to move east. By the time I made it to TN and decided to stay, home prices shot up 40%. That $430k home is now $600k. So I just lost $170k off the top. Add in 7% interest rates, and soaring insurance costs.
That is a lot of travel.
Of course that doesn't begin to include inflation in the cost of living everywhere else that has resulted in the dollar losing 25% to 30% of its value, pre Covid.
I will have to settle for playing locally much more than previously anticipated. My travel plans are on hold or kaput. We'll see.
I can't complain. At least I will always have a roof over my head, food to eat, and money for medical, transportation and utilities. Many will not be so lucky.
I sold my CA home before Covid preparing to move east. By the time I made it to TN and decided to stay, home prices shot up 40%. That $430k home is now $600k. So I just lost $170k off the top. Add in 7% interest rates, and soaring insurance costs.
That is a lot of travel.
Of course that doesn't begin to include inflation in the cost of living everywhere else that has resulted in the dollar losing 25% to 30% of its value, pre Covid.
I will have to settle for playing locally much more than previously anticipated. My travel plans are on hold or kaput. We'll see.
I can't complain. At least I will always have a roof over my head, food to eat, and money for medical, transportation and utilities. Many will not be so lucky.
Luckily my pension gives 5% COL raises yearly. That may not solve the problem but will certainly help. I still have a few things I could cut out such as travel, eating out and having 2 dogs. After one dies I could just have one. I spend a lot of money on them for special food, dentals, medication and vet bills.
My basic expenses are set since I own my condo and my car is paid for. I’m not worried as I know how to be frugal. I plan to keep consulting which I love unless my mind gives out. It’s not a lot of work and I made 10k last year. I also have savings and investments.
Last edited by Teacher Terry; Yesterday at 03:56 PM..
decades of investing has left us in decent shape to weather quite a lot.
we built quite a lot of slack in the plan so except for trying to use the most efficient investments if that’s the case i don’t really dwell on it before it happens
Last edited by mathjak107; Yesterday at 03:51 PM..
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The dreaded double-whammy..shrinkflation followed by stagflation..bad times.
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