REWahoo
Give me a museum and I'll fill it. (Picasso) Give
Hey Charlie. Good to see you posting again.
BINGO.... If their retirement is so contingent on the market that even this won't work, then seems like they really should not be retiring this year even if the market recovers completely.
I'll chime in and say I'm still moving forward with my plan to retire this spring. I've lost some $ in the last few weeks, but bucket #1 is still as full as it needs to be.
As a matter of fact, I drafted the retirement memo this afternoon to deliver to my boss at the end of next week. Just waiting for some details for HR, but as far as I'm concerned I will w*ork no more!
Rita
The key to all of surviving down markets for me is finding a asset allocation that I can live with and not freak out when the inevitable down market hits. I'm about 30-35% in equities and don't vary this much even in up markets. Yeah, sure I give up gains while the market is rising but at the same time I'm not suicidal when the market is tanking like it is now. And don't get me wrong, I also get down when the market is tanking and ask myself "why didn't I lighten up on equities?". I'm amazed that people here can ER with 90-100% of their assents in the market...I don't have the guts to do that....yeah, no guts, no glory. But the only way I could do that is if I knew that even if I lost half of my investments I could still comfortably live on whats left. If I lost 50% of what I currently have, ER for me would be out of the question. So for me it comes down to whether I can live with a lower return but guarantee myself ER.
I'm amazed that people here can ER with 90-100% of their assents in the market...I don't have the guts to do that....yeah, no guts, no glory. But the only way I could do that is if I knew that even if I lost half of my investments I could still comfortably live on whats left. If I lost 50% of what I currently have, ER for me would be out of the question. So for me it comes down to whether I can live with a lower return but guarantee myself ER.
IMHO, this is an ideal time for a retiree with a wad of cash to start DCA
into his/her desired AA. I would not plunge as the knife is still falling,
but I would get fully invested over the next 18 months.