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I never liked the accumulate and pray you have enough to last model. If you don't die before you money runs out your plan fails. Any plan that has death as a
by bcheung 8y ago
I never liked the accumulate and pray you have enough to last model. If you don't die before you money runs out your plan fails.
Any plan that has death as a pre-requisite to be successful is not a very good plan in my book.
Acquiring income producing assets seems like a much better plan.
- jpetso 8y agoIn response of retirement savings, "accumulate" generally does mean acquiring income producing assets. That's what stocks and bonds are. They just have a lower risk/reward profile than putting all your eggs into a single owned company.
- bcheung 8y agoThose a generally considered appreciation assets not income producing assets. You can't extract any value from them without disposing of them. Income producing assets produce income while you still own them without you having to sell them. Dividend paying stocks would be an exception. Not suggesting putting all your eggs into a single owned company. That's a separate issue.