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Merry Christmas to all. I'm working in a non-Christian country in Western Asia and have 4 days until I retire (I worked today). Flights are set for Saturday. Wife has expensive wines set to celebrate when I get home and the Hellcat awaits.
It's been an adventure and i have had opportunities I never thought I would so here's to a new adventure while I sip my Pomegranate local wine.
P.S. How about my timing with the market in free fall?
Last edited by Tall Traveler; 12-25-2018 at 09:20 AM..
Merry Christmas to all. I'm working in a non-Christian country in Western Asia and have 4 days until I retire 9I worked today). Flights are set for Saturday. Wife has expensive wines set to celebrate when I get home and the Hellcat awaits.
It's been an adventure and i have had opportunities I never thought I would so here's to a new adventure while I sip my Pomegranate local wine.
P.S. How about my timing with the market in free fall?
Congrats on your retirement, enjoy it the markets will rebound at some time.
I know, I'm not worried...I planned for the worst case scenario...I think
Switched from Pomegranate wine to Jim Beam and deep in some good music jams....Low Spark of the High Heels Boys..
this is exactly why the rising glide path for pre retirees was designed . i know many here did not want to hear about such a method in a bull market but this is just why it exists .
you basically reduce equities pre retirement when markets are up , to about no more 30-40% equities ... you then increase each year over time slowly coming up to your intended allocation level .
it keeps you from taking a big hit early on when things are the most dangerous to a new retiree .
after you get a good run up the danger is a lot less of a down turn hurting you . but an extended downturn early on while spending down can be like a trader having a string of losing trades day 1.
liquidating some stocks if you run low on bonds or cash because of an extended downturn is not a problem proving you had a bull market first . but an extended down turn or a down turn with higher inflation like the 1965/1966 retiree got hit with can be killer
Congrats, Tall Traveler!! Enjoy. That pomegranate wine sounds delish!
I'm behind you by a couple of weeks (last day of work January 10th; "official" retirement date due to PTO pay is February 8th). I'm a little concerned about my timing, but I'm letting my financial guy do the worrying. That's what I pay him for.
I recently bid on an assignment to Baku, but did not get it. I like that part of the world.
It's not bad, I would probably like it better if I was 25. I had a discussion with 2 ladies that work for me today (Christmas) about the "spirit" of Baku versus the USA.
I have Business Class tickets back to the Evergreen state soon...ready.
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