Term we hear often. Some people lament/position to retire and have misgivings around "Financial Security". Brought up this question in my mind:
Are you more financially secure before retirement or after?
Of course it depends on a) you job/career/company/employ-ability and b) your portfolio and how it is invested.
So there is always the risk of losing your job, and there is always the risk of your portfolio tanking, but what do you think the relative risks are?
For me, high tech corporate life has been good, but it has become less and less secure in my situation. I just hope no bombs drop in the next 22 months.
A well invested portfolio (size assumed to be sufficient for lifestyle) should be relatively secure, but never 100% unless you mattress bank. I think I will be more financially secure in retirement....... and I'll get to do what I want to do....
Thoughts?
Are you more financially secure before retirement or after?
Of course it depends on a) you job/career/company/employ-ability and b) your portfolio and how it is invested.
So there is always the risk of losing your job, and there is always the risk of your portfolio tanking, but what do you think the relative risks are?
For me, high tech corporate life has been good, but it has become less and less secure in my situation. I just hope no bombs drop in the next 22 months.
A well invested portfolio (size assumed to be sufficient for lifestyle) should be relatively secure, but never 100% unless you mattress bank. I think I will be more financially secure in retirement....... and I'll get to do what I want to do....
Thoughts?