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5 years ago
How should a financial plan of an older saver differ from that of a younger saver?
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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Wars-Like-ThisWars-Like-This
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The older saver has a shorter time horizon. The financial goal should be to conserve existing funds to earn a rate slightly above inflation. The portfolio plan should be to reduce risk by selecting safe assets to earn an expected return after inflation of about zero.
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