Mark, my guess is Jack Daniels might be a better option than tobacco. In a barter economy I am certain it might be a superior exchange given a lot of folks have given up smoking. Jack Daniels also has an indefinite life span, although it is not quite as portable as cigarettes.
Couldn't agree more with the three of you. Those retiring with guaranteed income are likely in the minority going forward since pensions plans are becoming scarce, however it’s a wonderful place to be. My goal for retirement is to have a guaranteed income to support our lifestyle. Investment income is for the extras, kids, charity and a legacy. In good years we will take 4 % or more. In down years I don’t want to reduce the principle. My three-legged stool includes a decent pension, social security which will be augmented with the recent SS windfall elimination provision and an annuity which was funded with 50 % of my deferred comp. At 63, I have a way to go before claiming social security and my annuity will turn on at 65. In the interim we have enough cash to ride out any market hiccups.
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Mark, my guess is Jack Daniels might be a better option than tobacco. In a barter economy I am certain it might be a superior exchange given a lot of folks have given up smoking. Jack Daniels also has an indefinite life span, although it is not quite as portable as cigarettes.
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Link to comment from March 14, 2026
Couldn't agree more with the three of you. Those retiring with guaranteed income are likely in the minority going forward since pensions plans are becoming scarce, however it’s a wonderful place to be. My goal for retirement is to have a guaranteed income to support our lifestyle. Investment income is for the extras, kids, charity and a legacy. In good years we will take 4 % or more. In down years I don’t want to reduce the principle. My three-legged stool includes a decent pension, social security which will be augmented with the recent SS windfall elimination provision and an annuity which was funded with 50 % of my deferred comp. At 63, I have a way to go before claiming social security and my annuity will turn on at 65. In the interim we have enough cash to ride out any market hiccups.
Post: A Rule of Thumb Is Not a Plan
Link to comment from February 28, 2026