Inflation here? gas/grocery prices just continue to climb

efil4stnias said

oh no doubt, but seeing where i was just 6 months ago vs today is still quite a shock.

and when you think of those who have retired and are living off retirement ( partially ), their "wealth" has decreased dramatically.

im actually hoarding cash right now. Waiting for the next Fed rate bump to then start looking at some values. I got lucky in that my FA put me in some energy plays in Dec 2021 ( we were really eyeballing Ukraine/Russia war ) that have really helped out.

Click to expand...

While I understand your fear for the retired, at this stage of their life (speaking of older individuals) should have the bulk of their investments out of equities and into fixed income vehicles.

There is a “rule” of 100 that advisors build investor profiles off of. If an individual is in their 30s, then perhaps they have a portfolio that is 70% equities, 30% fixed. But as folks tick closer to 100 equities decrease while fixed income increases.

As investors age, their investments will (hopefully) have grown, so now the amount tied into fixed income, and variable annuities (retirement accounts) should give them a good bit of cushion (barring systematic risk).

It’s the folks that haven’t planned in such a manor that I feel for. Those folks will be working as Greaters at Costco until the day after their funerals.