Retirement funds question.

[Fiendish Thingy]

7. You shouldn't have all your money in T bills and CD's, regardless of who is president

Our balanced and diversified portfolio has weathered the crashes of 1987, 2001, 2008, and COVID, dropping less than the market overall, and rebounding quicker to make healthy gains enabling us to retire at 62, and live comfortably to the present (we are 67 now).

T bills and CD’s will barely keep up with inflation, if that.

Unless this is a relatively small amount of money (less than, say, $50k), I would suggest talking to a financial advisor (preferably not somebody who works for the bank) whose legal capacity is as a fiduciary, and not merely a broker or commission based agent.

Someone who is 81 would likely want a fairly conservative portfolio, but that could still include some index funds that would offset fluctuations in the bond market.

If Trump succeeds in linking treasury bills to cryptocurrency, and abolishes the FDIC, nobody’s money will be safe, and we better start stockpiling recipes for squirrel and possum.

The sane Wall St. Billionaires don’t want to see their hedge funds evaporate, so let’s hope they can exert enough leverage on Trump to balance the nonsense his sons and Musk are whispering in his ear.