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Political Factoid
Dollar-cost averaging* is
devastating to retirees.
Just one of many "dirty little secrets"
financial advisors will not tell you.
| * |
It works to a saver's advantage
while they are putting a fixed amount
into the account every fixed interval,
e.g., so much each month.
It works against the saver in a
similar way when a fixed amount is
taken out at regular intervals for
retirement expenses.
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cf.
1541
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-30-
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