For most of American history, the retirement plan was simple: work hard, save carefully, and live off the income those savings generated. It wasn't flashy, but it worked. A CD, a bond, a savings account — nothing complicated. Just steady, predictable money that let you sleep at night. You didn't need to take big risks. You didn't need a financial advisor running complicated strategies. You just needed to show up, do the right things for thirty or forty years, and the system would take care of the rest.
That playbook still gets handed out. It just doesn't work the way it used to.
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