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f the last 100 years are an example then funding when we are so down is very important.... its very hard to pull out any 15 years from the last 60 and not come within the same average long term return no matter what happened in the world.. crashes, wars, the 70's gas lines, the mega inflation of the 80's... its all not a blip on the radar
If you haphazardly pull out of the market, then you may miss the big recovery and miss out on opportunities to buy as a low price.
actually we are bailing out the banks not the homeowners its just these ir-responsible people may benefit from it....... for us to get our 401k's bailed out the 401k companies would have to give us the money to invest and we loose it for them instead of us giving them the money
Here's a thought: The times they are a changin. The winds of depression are blowing hard now, and we might have seen an end to the relatively good times this country has experienced for 50 some years. This means no one that does not have a really good cushion should even be considering retirement. Be thankful if you have a job, and just resign yourself to working until you drop.
"i use a nifty little system based on ray lucias buckets,... although im 56 and my wife is 58 we started our planning 2 years ago for the final decent into retirement land hoping to retire early in 2 to 3 years.
we pretend we are retired , we set up a 3 bucket system that protects our plans for a good 15 years out. why 15 years? because the odds of being down in any 15 year period are about 3% or less
bucket 1 gets 7 years worth of withdrawls in safe money, banks,cd,money markets
bucket 2 gets 7 years worth of withdrawls in relatively safe money .
bonds,bond funds,un-traded reits
bucket 3 is still invested like we are 30... equity funds,stocks,reits,commodities etc...this is our growing bucket.."
Of course right now all of our buckets have holes in them!
And, I am not sure any of our buckets have relatively safe money. Even if you place cash in under you mattress, the devil dog inflation will nip at it.
Also, if I may ask.....how much do you place in each bucket? Is some of this bucket Social Security? And, do we know if SS will be around much longer?
actually i had sent an e-mail to ray last week questioning a few things as well as calculations i thought were a little high... i got a phone call last friday and someone from rays office called to see if i would like to talk to ray directly and address my concerns......
we set up a phone meeting for march 27th.... ill report back...
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