Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
To further destroy the narrative that "everyone had a pension" in the old days and it was "better back then" let's read from a BLS Monthly Labor Review in 1983, "how do families far when the breadwinner retires?"
"Men who retired because of poor health were more likely to have been in a low level occupation and to receive lower retirement income. They were also less likely to have any pension coverage other than social security which is not available until 62."
Guess what? Nowadays we can use our 401k to provide us income until Social Security kicks in. Back then you were SOL.
Ed McQuarrie talks the REAL History of Stocks and Bond performance.
Heading to Maine early tomorrow morning for some fun in the sun! :)
In the meantime, read this piece by Andrew Biggs.
See you next week!
andrew biggs @biggsag writes...you read. This is not negotiable
https://littleknownfacts.substack.com/p/the-two-charts-any-social-security
We'll review various 25 year time frames under the "harvest your gains retirement plan"
Here's the link! https://vimeo.com/event/6194932
