Post: #51

(03-27-2013 02:06 AM)worldwidetraveler Wrote:  So, what is a solid plan again? Not purchasing stuff and then doing what with your money? Purchase stocks and hope they don't dive when they are ready to retire?

Remember that a guy is not going to be in high-growth mode for the last few years before retirement. His portfolio will switch to something more stable.

To miss the last few years of a rising market is no big deal if he's already been compounding assets from age 25 to age 60.

So the state of the stock market on retirement day won't make a big difference over the long term, provided he's switched to a more defensive profile.

It's similar to dollar-cost averaging on the way in. Slightly in advance of retirement, you are going to transition to a different mix to meet drawdown requirements. You don't do this in one hit, you do it over time.

Post: #52

If I knew I would never be able to retire --I Would Change My Retirement Strategy!

Post: #53

http://www.pbs.org/newshour/new-older-wo...retirement

Post: #54

(03-27-2013 07:33 AM)WestCoast Wrote:  ^^ depends on scale.

"Affluent" = doesn't matter

Multi-millionaire yeah money wins. We're on the same page we're just talking on different levels.

Basically this thread has a lot of hippie bullshit in it about "living in the present" mixed with some more conventional RVF wisdom.

Wouldn't living in the present be a really good goal, so a maximal part of your life is like: "HERE is where I want to be, and I'm doing what I Want, NOW?" That doesn't sound like hippie bullshit to me.

Thinking someone else will just deliver that to you without you doing any planning or work, THAT sounds like delusional bullshit. That's why I busted ass getting an education, so I could get out of full-time work as much as possible, as soon as posisble, and play the guitar or ride my bike etc.

When a terminal care nurse recounts that EVERY GUY -- EVERY ONE-- she worked with said he thought he worked too much, that sounds like something to very, very seriously consider.