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View Poll Results: Absent a black swan event how do you expect your net worth to perform during retirement
My net worth is/will increase 23 39.66%
My net worth is/will remain stable 14 24.14%
My net worth is/will decrease 16 27.59%
I have no idea how my net worth will perform over the long term 5 8.62%
Voters: 58. You may not vote on this poll

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Old 04-13-2012, 09:33 AM
 
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Is your net worth increasing in retirement, remaining stable or decreasing? If not retired what do you think will happen? This is something that rarely gets mentioned in discussions but isn't it key to our plans?
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Old 04-13-2012, 09:36 AM
 
Location: SW MO
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Increasing a little as the housing market in our area begins to rebound. But Jimmy crack corn and I don't care! Not key to our plans. What plans?
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Old 04-13-2012, 09:40 AM
 
29,782 posts, read 34,876,173 times
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Quote:
Originally Posted by Curmudgeon View Post
Increasing a little as the housing market in our area begins to rebound. But Jimmy crack corn and I don't care! Not key to our plans. What plans?
That is very honest as I would expect from you
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Old 04-13-2012, 09:55 AM
 
Location: SW MO
23,605 posts, read 31,492,863 times
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Quote:
Originally Posted by TuborgP View Post
That is very honest as I would expect from you
Jist a simple country bumpkin, dontcha know.
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Old 04-13-2012, 10:16 AM
 
Location: Los Angeles area
14,018 posts, read 17,744,100 times
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Default Not having plans

Curmudgeon's comment "What plans?" is not nearly as reckless as it would seem at first glance. Those of us fortunate enough to have defined benefit pensions with at least partial inflation protection which are large enough on which to live in reasonable comfort don't need any plans, except perhaps a spending plan to avoid going hog wild and amassing debt.

I always spent less than I had coming in during my working life, and I am continuing to spend less than I have coming in during my retired life. So like Curmudgeon, I can say, "What plans?".
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Old 04-13-2012, 10:18 AM
 
29,782 posts, read 34,876,173 times
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Quote:
Originally Posted by Escort Rider View Post
Curmudgeon's comment "What plans?" is not nearly as reckless as it would seem at first glance. Those of us fortunate enough to have defined benefit pensions with at least partial inflation protection which are large enough on which to live in reasonable comfort don't need any plans, except perhaps a spending plan to avoid going hog wild and amassing debt.

I always spent less than I had coming in during my working life, and I am continuing to spend less than I have coming in during my retired life. So like Curmudgeon, I can say, "What plans?".
Doesn't that mean your net worth in increasing and that is a good thing and a plan. I might add a good one.
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Old 04-13-2012, 10:21 AM
 
Location: Sierra Vista, AZ
16,133 posts, read 20,829,122 times
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To my amazement my net worth has risen sharply since I retired. I have more income than expenses and I made a bundle on the housing bubble. This despite having no coherent plan when retirement was forced on me early.
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Old 04-13-2012, 10:44 AM
 
Location: SW MO
23,605 posts, read 31,492,863 times
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Quote:
Originally Posted by Escort Rider View Post
Curmudgeon's comment "What plans?" is not nearly as reckless as it would seem at first glance. Those of us fortunate enough to have defined benefit pensions with at least partial inflation protection which are large enough on which to live in reasonable comfort don't need any plans, except perhaps a spending plan to avoid going hog wild and amassing debt.

I always spent less than I had coming in during my working life, and I am continuing to spend less than I have coming in during my retired life. So like Curmudgeon, I can say, "What plans?".
Spending plan, decidedly. We forego a number of expenses that on the surface it would appear we could easily afford. It's a hedge against the future when inflation will most likely out-perform COLAs.

Besides, there's something to be said about the easy life, surrounded by nature, peace, quiet and tranquility after years of being on front-street, politically, and having to "perform" socially. We much prefer it.
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Old 04-13-2012, 11:40 AM
 
Location: Alaska
5,356 posts, read 16,351,037 times
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In my planning for retirement, an average annual return under 3.25% will decrease net worth. Anything higher will increase it. Even if the return averages 1%, we'll survive, but with less assets. This is the main reason why I'm confident we can retire as scheduled. Also, if we end up with a low return, I'm guessing we'll make adjustments to expenses to, at minimum, maintain our net worth.
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Old 04-13-2012, 11:46 AM
 
Location: Prospect, KY
5,288 posts, read 17,963,075 times
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Is your net worth increasing in retirement, remaining stable or decreasing?

Remaining Stable.
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