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Investing/Strategies / Retirement Investing
|Subject: Re: Annuities||Date: 6/13/2013 12:33 PM|
|Author: intercst||Number: 72486 of 83106|
.....Somebody's transportation method has been lost. They never did any driving and don't know the difference between an Indy Racer, a Hummer or a Prius -- all of which are automobiles. Some person has just recommended purchase of Chevy Suburban or a never buying a car and depending on public transportation & Taxis.
The Suburban could be great if the person owned horses and large dogs -- think hauling a horse trailer. It could be a disaster if the individual lived in Manhattan or South Boston. Similarly in rural Kansas there is not a lot of public transit and maybe few taxis.
One reason to be very careful is the potential for inflation is great in the next couple of decades. I would not be surprised to see gasoline at $10 a gallon and hamburger at $12 a pound in 20 years. Anybody making investment decisions today that does not seriously consider inflation risk in my mind is a fool.
If it comes to that, the guy in your example will have to sell the Suburban and eat the dogs.
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