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Is it really so bad to FIRE during a recession?
Old 06-05-2008, 07:14 AM   #1
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As my FIRE timer winds down (OK, it's still a little vague but it is still ticking ), one scenario is that things will be economically similar 6-12 months from now to how they are now.

At that point, the nest egg won't be quite as fat as I might have hoped but I would have been buying-in low for a year or more. I'd have plenty of cash on hand because that was the plan right along. No debts, probably a fun but modest part-time gig a couple days a week. I can weather 10-15 years without selling stocks if need be. Health insurance is assured, albeit on my own very heavy nickel. Plan to downsize but that can wait a few years.

I know the pundits say the scenario-from-hell is to retire smack into a recession or long bear market. I understand the arithmetic, but somehow it doesn't seem so bad (unless there's a serious once-in-a-century depression).

Am I missing something?
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Rich
Tampa, FL (ESR-bound. Really. I mean it. Seriously.)

As if you didn't know..If the above message happens to contain medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any medical purpose whatsoever. Consult your own doctor for all medical advice.
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