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Old 03-17-2013, 10:58 AM   #21
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I read this and couldn't help but thinking about a football analogy. If you have a lead near the end do you sit on the lead or continue trying to score?
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Old 03-17-2013, 04:35 PM   #22
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Thankfully, I have not made many mistakes when it comes to retirement preperation or actual retirement. The only negative that comes to mind is that I failed to recognise that I had accumulated enough assets and retirement options to last us a lifetime and did not realize it until I found myself unemployed at age 58.

Once "retired" I began to do some simple calculations and read forumns like this and suddenly realized that I should be smiling, not frowning.

I'm still very happy.
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Old 03-17-2013, 09:35 PM   #23
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Thankfully, I have not made many mistakes when it comes to retirement preperation or actual retirement. The only negative that comes to mind is that I failed to recognise that I had accumulated enough assets and retirement options to last us a lifetime and did not realize it until I found myself unemployed at age 58.

Once "retired" I began to do some simple calculations and read forumns like this and suddenly realized that I should be smiling, not frowning.

I'm still very happy.
That is one of the best "failure" stories I have heard! Thanks for sharing.
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Old 03-17-2013, 09:48 PM   #24
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I read this and couldn't help but thinking about a football analogy. If you have a lead near the end do you sit on the lead or continue trying to score?
Good analogy. It depends on how much of a lead. If I were 24+ points ahead with ~10 mins to play in the 4th quarter, I'd pull my 1st string out and play it very safe. If I were more than 30 points ahead, I'd pull them even sooner.
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Old 03-17-2013, 09:57 PM   #25
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Good analogy. It depends on how much of a lead. If I were 24+ points ahead with ~10 mins to play in the 4th quarter, I'd pull my 1st string out and play it very safe. If I were more than 30 points ahead, I'd pull them even sooner.
I'm thinking more like the Broncos/Ravens during the playoffs. One completed 1st down and the Broncos could have pretty much iced the game in regulation. But instead the Broncos ran the ball and got stopped, then punted. That's always a tough choice for the coaches. To run the ball and run off time or put a nail in the coffin but risk clock stoppage or an interception. Decisions, decisions...play conservative or risky.
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Old 03-18-2013, 07:38 AM   #26
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That is one of the best "failure" stories I have heard! Thanks for sharing.
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Old 03-21-2013, 02:36 PM   #27
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We changed our investment strategy significantly when I retired early. Our rule of thumb is the percentage of equities that we hold should equal 100 minus our age. That number includes our investments and the notional value of my DB pension measured by the current value of an annuity for the same monthly income.

We held on to our stocks throughout the downturn. It did not make sense for us to sell and realize a loss. This strategy paid off.

I do get some pangs of guilt when I see how well our equities are doing compared to our bond funds and fixed instruments. But that is really a pang of greed. We can no longer replace money lost in the equity market with earnings. Our overall goal is to have a return that is at least 3-5 percent above inflation, net of fees. Last year was much better than that.

I keep that old saying in the back of my mind....pigs get slaughtered. This may not be the right strategy for everyone but it is working for us and it gives us a higher sense of financial security.
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