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im not talking about market performance. im talking about the fact that you need a much better understanding of how to set up and prepare for withdrawing from a portfolio in retirement than you have. .
your making comments about doing things and not doing things that will cause you a very painful retirement.
affordable obamma care? for who? my health insurance in a high deductable hsa jumbed from 88 bucks a week to 181.00 a week and thats with a 2500.00 per person deductable or a 5k deductable for family. its a freakin joke this obama care.
It has not fully kicked in yet. Who do you get health insurance from?
Where will you get the million to be able to draw from?
What is your road map to a million.
If you plan to retire at age 55, you have maybe 22-24 years left....
yes it has. kids are covered until 26 now. they can be married and still stay on the parents policy. family rates shot up brutaly to compensate jan 1 2011.
If you were going to retire the following year you asset allocation should have already been close to where it needed to be without the kneejerk (and foolish) sell at the market bottom to get your stock ratio where it needed to be. If anything your asset allocation for your retirement years would suddenly be out of wack with stocks too low, so buying stocks would have been the correct thing to do when you rebalanced.
You are one of the few people I'd recommend hiring a financial advisor.
Why would you be in equities when you are 1-2 years away from retirement?
Why would you be in equities when you are 1-2 years away from retirement?
i explained that many times to you. the fact is this is exactly why im saying you dont understand alot about retirement planning and really need to seek help and an education on it before you put these silly thoughts in your head.
heres the reason in a nutshell. if your planning on pulling 2.5 to 4% inflation adjusted out of your nest egg you cant do it without equities. you will be broke in only 20 years.
for more info i suggest googling the trinity study or firecalc
Why would you be in Stocks when you are 5 or less years away from retirement? What if the market crashes the year you retire?
Quote:
Originally Posted by mathjak107
i would 2nd that.. ole tex is running on bits and pieces of mi-information he gathered up and it will harm him.
either start reading books by those who know or get someone to help him but he is basically just a drift in his investments with no real plan or strategy.
and no, bailing a year before you retire from an all stock portfolio isnt a strategy. hope isnt a strategy either.
while anyone can throw money into equities and let time do its thing and come out a winner ,retirement planning is soooooooooooooooooooooooooo difficult.
for months now i have been posting different ideas, thoughts, and methods to serve as food for thought so those who are getting close understand that the spending down or the decumulation stage of our lives as its known is very different from the accumulation stage. you damn well better learn about the 2nd half of the game because following the rules and strategies of the accumulation stage will put you right in the failed retirement graveyard.
folks have to get all the myths and wives tales as well as preconceived notions about certain financial products out of their head and open their horizons to new methods and products or they will fail following yesterdays news .
generating a reliable income stream today for a lifetime has become a very difficult task even for the best schooled on the planet. folks like us stand no chance without opening up our minds and eyes.
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