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Old 09-12-2009, 05:31 PM   #1
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New Member...Viewing Retirement

Hi all...a 61 year old with "retirement" in the planning process. I put retirement in "" as I have been self employed for nearly 8 years...as a troubled company "turnaround" guy. My self employment goal has been to earn enough to not withdraw from my investment accounts...which has worked out well to date.

My investments are approximately 50% equity and 50% fixed income...mostly CDs (a 10 year ladder), MM and other fixed income type accounts. I use primarily Vanquard index funds. I keep very good performance records and have for nearly 20 years.

My investments dropped about 40% in value during the past year...but my current total is now only down 7% from my account total peak historical amount. Note...I had some extreme "luck" in a couple of the two individual company shares I owned. OSK and INZ...I took a risk and doubled down on each...OSK at $4 (declined from $60-$4) and INZ at $4 (declined from $25-$4). Both recovered essentially to the point where I regained the value at their high point. I did do a little "day-trading" in each and bought and sold a couple of times on their way yo recovery.

Please...this is the ONLY time I have done any "trading" like this...I have no intention to try this again as I will likely lose instaed of gain. It did help me recover to the point I am now.

I have been slowly taking funds out of equities the last 30-45 days...have not decided where I want to end up...but I DO NOT want to threaten my retirement nest egg...it is essentially sufficient...test above the "red line" on the FireCalc...and I want to settle down and rethink my equity strategy. So far I am only moving ongoing market gains out of equities.

Thanks...wife says dinner is ready More threads to read later...Tom R in Two Harbors, Minnesota...NO it is not winter YET
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Old 09-12-2009, 07:59 PM   #2
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Welcome to the forum !
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Old 09-12-2009, 09:36 PM   #3
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Hey Tom, I am down the road from you in Duluth. Nice day today, eh?

Welcome to the forum!
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Old 09-12-2009, 09:43 PM   #4
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Hey Tom, I am down the road from you in Duluth. Nice day today, eh?

Welcome to the forum!
Hi Martha...if our weather was as nice as it has been the last 7-10 days...we could not afford to live here as prices of real estate would skyrocket! But wait...reality (ie winter) is not FAR away...Tom R

P.S. I just noticed your post count!...I am in awe...Tom R
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Old 09-13-2009, 09:13 AM   #5
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I'll sell you some posts for cheap.

So turn around guys are going to be busy for a few years. Are you going to give it up for fulltime retirement? I am a retired lawyer and I just talked to my old firm's workout/bankruptcy lawyer (he represents lenders) and he is busier than he has ever been in his life.

Do you stick around all winter?
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Old 09-13-2009, 09:46 AM   #6
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I'll sell you some posts for cheap.

So turn around guys are going to be busy for a few years. Are you going to give it up for fulltime retirement? I am a retired lawyer and I just talked to my old firm's workout/bankruptcy lawyer (he represents lenders) and he is busier than he has ever been in his life.

Do you stick around all winter?
I enjoy my self employment and probably will try to stay 50% busy for a few years and then stay a bit active on my terms...say a board seat or two. We still stay in MN during the winter...we do plan on spending some time "south" each winter...not been successful yet. I did have a 6 week interim CEO on a Chapter 11 in Phoenix last Jan and Feb...wife came down for a couple of weeks...not much "vacation for me...7 days a week...12-15 hours per day Tom R
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Old 09-13-2009, 09:55 AM   #7
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Old 09-13-2009, 10:49 AM   #8
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Hi TomCat! Is your moniker related in any way to cats, military aircraft, or movie actors who are Scientologists? Just kidding.

It is easy to amass a huge post count here because there is so much to talk about. Many folks on the forum are not retired...we all seek financial independence, retired or not. Looking forward to your contributions.

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Old 09-13-2009, 11:22 AM   #9
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Hi TomCat! Is your moniker related in any way to cats, military aircraft, or movie actors who are Scientologists? Just kidding.
Amethyst
Actually it is Tom and Cathy...hence TomCat...I look forward to participating. I already am motivated to find a "better' place for my MM funds...while still keeping pretty short-term as I believe interest rates will rise over the next couple of years and plan on waiting before I fill a couple of "rungs" on my 10 year CD/Treas ladder...as well as looking for a refinance of my 5.375% mortgage...Thanks...Tom R
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Old 09-13-2009, 12:50 PM   #10
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When I saw your moniker I thought of my brother Tom who is married to his Kathie. He's 51, a cop, and Kathie is 66. Kathie retired a year ago ... she'd been downsizing for quite a while before that. Wonderful people. I love them both.

Anyways, welcome. I'm more of a 'taker' than a 'giver' on the forum so look forward to learning a thing or two from you too.
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