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Politics : PRESIDENT GEORGE W. BUSH
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To: Cogito who wrote (672306)2/15/2005 4:04:58 PM
From: Joe Btfsplk  Read Replies (2) of 769667
 
what about the person in my example, who gets wiped out at the last minute because the market does fluctuate, after all.

Very real to me, because I'm dependent on accumulated savings. About two years ago things got real bleak. I tightened up, stayed invested, and am slowly recovering.

Anyway, your premise is false. You don't liquidate on the day you retire. Most would accumulate a nice pile if invested for 40 years, presumably shift to safer investments later in life, and withdraw according to their circumstances.

Gotta go now and collect some cans and bottles.
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