FIRE'd a few months ago. Ran a lot of numbers...
I believe I have enough cash today to live very comfortably for the rest of my life without ever having to invest a dime in the market or bonds. Simply do a CD ladder and forget about the market and all the headaches/risk it brings especially today with possible negative interest rates, massive debt, high PEs, etc.
I don't have any heirs or a need to leave anything when I am gone so I am free of that...
So the fundamental question is "why invest if you don't have to?" I just love the idea of pulling out cash every year to live comfortably and never having to look at the market again - plus paying very little to no taxes for the rest of my life is pretty appealing after how much I have paid in the past...
I know it's radical, but I'm very curious to see if any of you have done the same thing and just lived off your cash without investing in the market....
I very much realize I am leaving a ton of cash on the table by not investing, and I could be using that extra investment cash for even a better retirement (more travel, things I want to do in retirement, new cars etc.,) but honestly, the peace of mind of not having to worry about the market more then makes up for what I could have...or am I looking at this wrong? Friends of mine who I talked to about this always bring up the unseen risk (medical costs skyrocket, I live to 100 and run out of money and have to eat dog food, inflation runs rampant etc.) but I honestly feel the market(s) are even more risky then that...
Would you still invest if you didn't have to? If so, why?
Thoughts?
I believe I have enough cash today to live very comfortably for the rest of my life without ever having to invest a dime in the market or bonds. Simply do a CD ladder and forget about the market and all the headaches/risk it brings especially today with possible negative interest rates, massive debt, high PEs, etc.
I don't have any heirs or a need to leave anything when I am gone so I am free of that...
So the fundamental question is "why invest if you don't have to?" I just love the idea of pulling out cash every year to live comfortably and never having to look at the market again - plus paying very little to no taxes for the rest of my life is pretty appealing after how much I have paid in the past...
I know it's radical, but I'm very curious to see if any of you have done the same thing and just lived off your cash without investing in the market....
I very much realize I am leaving a ton of cash on the table by not investing, and I could be using that extra investment cash for even a better retirement (more travel, things I want to do in retirement, new cars etc.,) but honestly, the peace of mind of not having to worry about the market more then makes up for what I could have...or am I looking at this wrong? Friends of mine who I talked to about this always bring up the unseen risk (medical costs skyrocket, I live to 100 and run out of money and have to eat dog food, inflation runs rampant etc.) but I honestly feel the market(s) are even more risky then that...
Would you still invest if you didn't have to? If so, why?
Thoughts?