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Retirement pitfalls to avoid / M*'s Benz article
Old 01-20-2011, 04:43 PM   #1
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Retirement pitfalls to avoid / M*'s Benz article

From Christine, not Mercedes.

Retirement pitfalls to avoid:
Five Retirement Pitfalls to Avoid

1. Not having a sustainable withdrawal rate. This is one the first uses of "sustainable" that I have noticed outside of Otar's book, so maybe the terminology is changing away from "safe" which I think is good.

2. Not being realistic about income needs.

3. Not minding asset location and sequence of withdrawals.

4. Missing the mark with asset allocation.

5. Failing to prioritize debt payment.

Anyways, the article is a good common sense summary/reminder of many, many discussions in this forum.

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Old 01-20-2011, 06:52 PM   #2
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Thanks for posting - that was a useful reminder on the importance of being (a) realistic and (b) conservative when planning for retirement.

Some of the links were also worth reading - in particular the thread on the 80% myth. I'm expecting my spending to go up once I retire but am unsure about how much and this is one of the reasons I am still working - I'd rather work one or two extra years now than have to look for a job after I FIRE.

Budgeting is a skill practised by people who are bad at politics.
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Old 01-20-2011, 07:26 PM   #3
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6. Working 5 more years to get SWR from 4% to 3%. Then working 10 more years to get it from 3% to 2%. Then working another 20 just to be safe and get it from 2% to 1%.
FI@30, ERE@33.
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