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Retiring Early in down market
Ok, so I did a search on folks that retired before a bad market and even though I came up with some hits, I'm still confused.
The hubby wants to retire in 2 years. At that time, he will receive a pension (noncola) that will pay a 1/3 of our bills and get a partial lump sum. We will invest that money in an IRA and live on cash and the pension until he is 59. We are conservative and our assets will remain in the 50/40/10 area. Firecal says we should do fine.
However, some people say that they wouldn't retire in a down market. But does it really matter? You could retire one year when everything is dandy and the next year it's rotten. Is there a rule of thumb....or do you just take a chance?
Any thoughts will be appreciated.
Ok, so I did a search on folks that retired before a bad market and even though I came up with some hits, I'm still confused.
The hubby wants to retire in 2 years. At that time, he will receive a pension (noncola) that will pay a 1/3 of our bills and get a partial lump sum. We will invest that money in an IRA and live on cash and the pension until he is 59. We are conservative and our assets will remain in the 50/40/10 area. Firecal says we should do fine.
However, some people say that they wouldn't retire in a down market. But does it really matter? You could retire one year when everything is dandy and the next year it's rotten. Is there a rule of thumb....or do you just take a chance?
Any thoughts will be appreciated.
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