rescueme
Thinks s/he gets paid by the post
I would agree (since I'm retired).yep, its no longer about growing richer. now its all about not growing poorer.
However, for much younger folk in the accumulation stage, their focus is not to protect their "number", but just to achieve it...
Retirement planning (in the financial sense) means achieving your goal and then protecting your goal achieved. There are different methods, depending on your age, your success in achieving "your number", and planning for post-retirement years.
Hopefully, you've achieved your number before your retirement (for whatever reason). IMHO, those are the folks that face the greatest risk by combining the two periods of life. That is, they are retired but not yet hit their number. That means that you have to take abnormally high risks (e.g. investments, without having a current source of income - e.g. a j*b) to try to get to the level of assets they should have been at the day they retired.
Those that enter a "forced retirement" (for whatever reason) have an uphill battle...
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