CHAPTER TWO
Conflict No. 1: Growth vs. Security
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ver watch CNBC and get overwhelmed with the advice you hear? Or you read USA Today and have trouble sorting out what it all means? Financial planning can be confusing. It’s even harder when the “experts” can’t agree. Here’s what we face when we turn on the TV, or read the paper: “Baby boomers should generally have [up to] 70% of their port- folio in equities.” – USA Today 2 So you think: Great. I’ll put more of my savings in stocks. But wait! “Baby boomers have too much retirement savings in stocks.” – CNN Money 3 Hmm. Okay, so, less in stocks. But wait again! 2 Jeff Reeves. USA Today. Nov. 9, 2015. “The 60 / 40 stock-and-bond portfolio mix is dead in 2016.” https: // www.usatoday.com / story / money / personalfinance / 2015 / 11 / 09 / 60-40-stock- bond-portfolio-mix-dead-2016 / 75042316 / . 3 Katie Lobosco. CNN Money. Aug. 14, 2015. “Baby Boomers have too much retirement savings in stocks.” http: // money.cnn.com / 2015 / 08 / 14 / retirement / retirement-baby-boomers-stocks / in- dex.html.
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