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Reply to "Any 50yo+ with retirement savings less than $2million?"
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[quote=Anonymous]Always odd that people put so much stock in their pensions instead of using relatively conservative stock purchases to fund retirement. The S&P 500 was at 1,800 10 years ago; it’s around 4,500 now. Bonds have of course done much worse than that over the same time period. By comparison, Apple is up 10x what it was in 2013, Amazon is up more than 7x, and Microsoft is up 10x. It’s almost irresponsible at this point to invest for retirement with index funds, let alone bonds, when Magnificent Seven companies are performing so well over such a long period and aren’t going anywhere soon.[/quote]
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