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Many people have done that over the past two years. And define “cash reserves” in this context. An emergency cash savings amount of 6-12 months of expenses doesn’t really matter if you don’t have a steady source of income outside of annual/semi-annual brokerage withdrawals.
I started this thread to discuss the S&P recovery. Respectfully, can you please opine on this personal finance issue you've brought up about another poster in that forum?
I started this thread to discuss the S&P recovery. Respectfully, can you please opine on this personal finance issue you've brought up about another poster in that forum?
Ok but it is relevant as people in that same position are in need of a relatively quick recovery. I don’t think they’re going to get one.
Ok, explain it to us imbeciles then. How does one comfortably retire in their low 50’s without a pension and by simply relying on annual withdrawals from a declining brokerage fund? Again, said individual is generating low/no yields or other forms of income via call option selling, etc.
Plan for retirement to include years worth of expenses in cash or short term instruments. It’s not that complicated
Ok but it is relevant as people in that same position are in need of a relatively quick recovery. I don’t think they’re going to get one.
I dont think today stock market gains tell us anything.
There is no solid proof inflation is going away,but I noticed when I was doing my weekly grocery shopping,the higher priced items have been marked down,probably because few people are buying them.
Just heard Subway is not going to give you extra pickle?
I dont think today stock market gains tell us anything.
There is no solid proof inflation is going away,but I noticed when I was doing my weekly grocery shopping,the higher priced items have been marked down,probably because few people are buying them.
Just heard Subway is not going to give you extra pickle?
The June 2022 CPI data will be released on July 13, 2022, at 8:30 A.M. Eastern Time.
I’m not sure what you mean by “sure, if” if you don’t have sufficient cash to support your expenses you haven’t planned properly
planning varies among individuals,some plan early some plan later,thru no fault of their own.
those days one can't stay with one employer get raise every year and retire with a gold watch pension,is gone/Worse,it is not a good idea to stay with 1 employer forever,one find out his skill is not marketable,good example are AT &T workers before the divestiture ,even IBM workers.
You must be living in a dfferent world,have you heard what economist David Rosenberg asked,after 8 years of eco expansion under Bush and Obama,why so many American households do not have 400 dollars savings?
Ok, explain it to us imbeciles then. How does one comfortably retire in their low 50’s without a pension and by simply relying on annual withdrawals from a declining brokerage fund? Again, said individual is generating low/no yields or other forms of income via call option selling, etc.
Lol
Are you referring to me?
Yes, I retired at 50 almost 5 and half years ago
Withdrawing 3-4 % annually even with all the turmoil has left me up 37 % in total.
I never “ gloated” about retiring early.
I criticized the idea of timing the market attempts
One bad year in six isn’t gonna make me change my investment style.
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