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You should be able to safely generate 4 to 6% a year, which is well ahead of inflation in most instances.
During your retirement, it becomes more about not losing money than it does about growing it. This is why many portfolios gradually shift away from a high proportion growth stocks to a balance of fixed-income and longer-term dividend-paying stocks as you approach retirement.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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