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I agree with all the sentiments expessed so far. But a
word of caution; I remember when interest rates rose to
nearly 20%! We are starting a new inflationary cycle
and the buying power of the dollar will decline. You will need more dollars just to support your existing
prudent standard of living. Six figure annuities and
IRA's which seem more than adequate today will shrink in buying power in the next 5 -10 years. The whole
concept of FOOLISH investing is to allow planning to
generate capital gain and interest income, to
compensate for expected inflation, while striving to preserve capital assets! Listen to the FOOLS! - Matthew
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