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fragmedeyesterday at 10:30 PM0 repliesview on HN

A few percent of your net worth, when you're sitting on top of a pile of gold like a dragon on a yacht is one thing, but when you're a retiree, and you're on a fixed income, living off the proceeds from an annuity and a reverse mortgage, and inflation in all its forms is eating into the plan you had, and you don't have any backup, yes there will be consequences!