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Non-Cattle Specific Topics
Every Thing Else Board
Relief checks for families.......
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<blockquote data-quote="Dsth" data-source="post: 1682529" data-attributes="member: 38038"><p>the young today have the same ability to build wealth in their lifetime as what the older generation did when they were young. you are correct that their home appreciates in value but that is only a benefit if they plan to sell it. I am just guessing but I would think a fairly large percentage would like to keep and live in the house they currently own; therefor the higher value translates into higher taxes, higher insurance premiums, and higher cost of maintenance. My financial officer thinks that the closer you get to retirement, the lower your percentage of your saving should be tied to the stock market (at least to the high risk investments which generally have a higher return but also have a higher risk of decline in value.) A big drop in the stock market could be disastrous if you are depending on the stocks to carry you through retirement.</p></blockquote><p></p>
[QUOTE="Dsth, post: 1682529, member: 38038"] the young today have the same ability to build wealth in their lifetime as what the older generation did when they were young. you are correct that their home appreciates in value but that is only a benefit if they plan to sell it. I am just guessing but I would think a fairly large percentage would like to keep and live in the house they currently own; therefor the higher value translates into higher taxes, higher insurance premiums, and higher cost of maintenance. My financial officer thinks that the closer you get to retirement, the lower your percentage of your saving should be tied to the stock market (at least to the high risk investments which generally have a higher return but also have a higher risk of decline in value.) A big drop in the stock market could be disastrous if you are depending on the stocks to carry you through retirement. [/QUOTE]
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