No. of Recommendations: 2
"Alas, the last of my CDs earning 7% or better mature this year. Renewing them with anything is going to hurt."

Bruce, ny friend, we have to be adult about this. Unless we want to get pushed into reckless asset allocations out of desperation and acquiescence to the stock market bias of the tax code, we have to stick with the best we can get. A 4.6% 5-year CD makes my stomach turn, but it's better than a 4.2% 10-year T-bill, it's better than Vanguard's Total Bond Market Index Fund, unless interest rates go down over the next 5 years, and it's probably going to be better than 5-year TIPS. I must admit I'm thinking about 10-year TIPS, but that's really only going to be a winning choice if the official inflation rate (not the one you and I have to contend with) is higher than the traders are expecting.

My "net worth" is actually well ahead of schedule, right now. But that's assuming the stock market doesn't crash again, nor real-estate. My "fixed-income" portfolio is behind schedule, and falling, despite concerted effort to save more, and I don't believe my actual expenditures, under inflation, have slowed enough to compensate.

If I didn't have Social Security inked in at zero, I wouldn't be worried.
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