It takes $26 to buy what one dollar could buy in 1913. So why should retirees want dollars, which may fare even worse in the coming decades? This podcast (5:38) argues that disparaging cash as trash misses a paradox that Warren Buffett penetratingly expressed, that “in order to succeed, you must first survive.” With enough cash not just to meet their expenses but to re-risk their portfolios with new stock investments – retirees can both survive and thrive.
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