Originally Posted by JOHNNIE36
Fourteen years later, look where it is. Don't have the time left anymore to take chances.
Hey, if you've run the numbers and determined you don't need to take market risk, more power to you. The more I watch what's going on now, the more I think I'll postpone retirement until I can safely assume an asset allocation that doesn't have to take a lot of risk. That probably means a 2.5-3% withdrawal rate, but better than assuming 4% and retiring in late 2007 (or early 2000).
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)