If You’re Over 60: Protect Capital + Earn 6–8% (Munger Way) - Charlie Munger

After 60, the goal shifts from chasing big wins to avoiding mistakes that can’t be repaired. Learn why sequence-of-returns risk ruins retirements, how a simple 6–8% plan can work, and what to avoid: leverage, concentration, complexity, and yield traps. Get a clear blueprint for stocks, bonds, cash, plus guidance on Social Security, taxes, estate planning, and healthcare costs.
⏳ Timestamps:
00:00 — Why the rules change after 60: preservation beats chasing high returns

04:24 — Sequence-of-returns risk and the “don’t lose money” rule for withdrawals

09:12 — The 6–8% target and the core portfolio mix: dividend stocks, bonds, cash

14:10 — What not to do: chasing yield, timing markets, complexity, concentration, media noise

21:03 — Bonds explained: certainty of principal, ladders, duration risk, and inflation reality checks

34:02 — Retirement planning beyond returns: Social Security timing, tax strategy, and RMD/Roth moves

45:49 — Real-world costs + readiness: healthcare planning, insurance choices, long-term care, and simplifying everything (to 01:13:00)
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Disclaimer:
This is an educational fan production inspired by Charlie Munger’s public ideas on rationality and behavior. The narration is a digitally produced voice for storytelling and should not be mistaken for Munger’s