First I wanted to say that I love this forum and appreciate all the opinions and advice given. I lurk quite a bit, but wanted to take time to introduce myself and also ask a few questions.
I am 37 years old, single and not really cut out for this whole 'work' thing. I like to dabble and try out new things, but I get bored easily and long for the freedom to do whatever I want whenever I want. Most people don't seem to understand this. I just don't think I got the gene to be a good worker. I didn't like school at all either. All said, I think I have finally accepted this about myself and feel good about it. Tinkering, brainstorming, trying out new hobbies, etc...thats all fun, but as soon as it becomes an obligation...blech!
So I have to FIRE. Or at least reduce work obligation as much as possible. My concerns are about having such a long retirement. I could easily live into my 90's if family history is an indicator and I like the idea of science finding cures for aging (although I think I might be a generation or three early for that benefit). That means I need my investments to keep on giving in perpetuity for all intents and purposes. A 50-60 year retirement for me is not that far fetched.
My question is what kind of asset allocation works well for such a long retirement. It seems like a larger equity weighting would be good to beat inflation, but I risk a big down turn early on.
Or, can I just use the same rules that would apply for a 55 year old?
I know there are no set answers to this question and that it will always be a risk to bail early, but I am just wondering what advice would be unique for somebody retiring before 40 years old?
Thanks!
I am 37 years old, single and not really cut out for this whole 'work' thing. I like to dabble and try out new things, but I get bored easily and long for the freedom to do whatever I want whenever I want. Most people don't seem to understand this. I just don't think I got the gene to be a good worker. I didn't like school at all either. All said, I think I have finally accepted this about myself and feel good about it. Tinkering, brainstorming, trying out new hobbies, etc...thats all fun, but as soon as it becomes an obligation...blech!
So I have to FIRE. Or at least reduce work obligation as much as possible. My concerns are about having such a long retirement. I could easily live into my 90's if family history is an indicator and I like the idea of science finding cures for aging (although I think I might be a generation or three early for that benefit). That means I need my investments to keep on giving in perpetuity for all intents and purposes. A 50-60 year retirement for me is not that far fetched.
My question is what kind of asset allocation works well for such a long retirement. It seems like a larger equity weighting would be good to beat inflation, but I risk a big down turn early on.
Or, can I just use the same rules that would apply for a 55 year old?
I know there are no set answers to this question and that it will always be a risk to bail early, but I am just wondering what advice would be unique for somebody retiring before 40 years old?
Thanks!