retire@40
Thinks s/he gets paid by the post
- Joined
- Feb 16, 2004
- Messages
- 2,670
A concern many retirees have is that they may retire into a bear market. That concern has become reality for many who have retired in the past few months.
Instead of timing retirement on a specific date, or when a specific dollar amount is reached, another option would be to wait until we come out of a bear market.
This may require more flexibility on the part of the retiree since the trigger may not happen for years and cannot easily be anticipated, but this option may enhance the long-term success of retirement for those that could potentially go into the red if their retirement date coincides with a recession.
Instead of timing retirement on a specific date, or when a specific dollar amount is reached, another option would be to wait until we come out of a bear market.
This may require more flexibility on the part of the retiree since the trigger may not happen for years and cannot easily be anticipated, but this option may enhance the long-term success of retirement for those that could potentially go into the red if their retirement date coincides with a recession.