Quote:
Originally Posted by Yung Dum
Personally, I couldn't care less. I got out of that money-making (or losing) roller coaster a long time ago and have never been so relaxed about my finances. I don't have to get rich, but I do have to live without constant worries about money. Retirement should be just that and not be about getting richer. Try to enjoy it.
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That was my retirement plan many years ago. Transfer all my stock funds into bank CDs and live off the interest of about 4--5 percent. But, then the Federal Reserve started to artificially lower interest rates, and my stock funds skyrocketed in value. So, I would have had to pay an enormous capital gains tax and buy bank CDs that were paying less than 1 percent. I liked it better when banks actually wanted you to buy a CD. I even got a set of Corningware once from a bank when I bought a CD. Now, the banks get free money and they don't care if you buy their CDs or not.