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"Doesn't this suggest putting your money under a mattress in your paid-off home and buying a shotgun? OTOH, the Vanguard Wellesley Fund (VWIAX) has a pretty good track record." - db
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We're not hurting. We don't have kids and live in a paid for house, drive paid for cars, and have no credit card debt. I am very debt averse. My wife and I both have a goodly amount of money in tax deferred accounts, and some in an after tax money market fund, and enough in our savings and checking accounts that our bank has called us twice trying to talk us into doing something more productive with it. Then there is social security and my pension which will pay most of our household bills, and when we turn 70½ we'll have to start taking RMDs so there's that too.

So far so good.

Art
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