"Vic Smith" wrote in message
...


Savings and SS were the factors I used in planning retirement.
Never bought into the equity craze.

Ditto. When lightning struck and we benefited from the sale of my company,
we put a sizeable chunk away in long term, relatively low yield CD's in
several insured accounts. We also invested in some real estate, which even
with the downturn in home prices, is serving us well. We also gifted quite
a bit to family members and still occasional do at appropriate times. The
rest is in some simple, money market savings accounts, spread out to make
sure it's all insured.

I got a lot of flack for being dumb when we decided to go this conservative
way. Our accountant, who suddenly became a "financial planner" when we sold
the company, tried to convince me that shrewd investments would multiply our
money and we were being foolish.

I told him I was happy with what we had. I didn't need more money. And,
the last thing in the world I was going to do after busting 'em for all
those years was to let someone else manage it for me. Contrary to rumors
spread here, I wasn't born with a silver spoon in my mouth and I know what
it's like to be without.

Eisboch