Spanky
Thinks s/he gets paid by the post
Tell them not to worry because you are doing well in all aspects of your life.Parents always worry about their children . My Mom is 93 and still worrying about us .
Tell them not to worry because you are doing well in all aspects of your life.Parents always worry about their children . My Mom is 93 and still worrying about us .
We're mostly worried about having you boomerang back onto our doorsteps, perhaps with spouses/significant others and kids of your own in tow...
... otherwise we don't worry about you at all!
Ah, I like that tactic. Gonna have to think about that some more...one solution to the problem of boomerang kids is to move to a 55+ community. A friend of ours did pretty much based on the community rule that no guests are allowed for more than two weeks.
You sound like my parents - as soon as my brother and I moved out they sold their house and traded down to a townhouse to make sure that there were no spare bedrooms for us to move back into. When my sister left home, they sold the townhouse for an apartment which they remodeled to ensure that there was no bedroom for her to move back into.
Instead of 20 yrs of double digit up-markets & amazing real estate gains...remove that from your portfolio....and substitute the meat grinder, low single digit real returns we've seen & might expect for a while....where would you be today?
For pre-retirement folks moving forward, this entire investment / retirement thing is now a different ball game.
I'm amazed there's so much focus here on "how things have worked in the past".
The past is gone, and using it to project the future is very dangerous.
My outlook for MYSELF...secure and already well funded.
I can beleive my future is way more secure than the "other 90%" out there...because I already have accumulated enough $ to fund a comfortable retirement. And continue to add to this fund.
My comments are directed at the folks who are in the process of accumulation. They're the ones who are depending on past results having a bearing on future returns. All these " projected returns". Always positive, pls note.
Me...I'm depending only on the Fed backing up the my bank deposits since I don't have faith in the future market returns.
I think my risk is a little less than most.
"In my case, low market returns during the accumulation phase are mostly irrelevant "
Just to point out the obvious, but....if the market returns are negative, I think you'll find them pretty relevant. Hence my point re. why future projected returns always seem to be positive........?