flipstress
Full time employment: Posting here.
- Joined
- Jun 23, 2004
- Messages
- 538
From another thread:
want2retire, are you able to share what those safety nets are?
Do you mean lifestyle adjustments to reduce expenses? --Living in a less expensive area (including overseas), traveling less, buying less, downsizing the house, selling assets, etc.
I know one lifestyle adjustment is to increase income by working a llittle during ER although you've posted that you personally do not plan to do that.
Or do you mean more conservative assumptions so that you are trying to build a bigger nest egg and/or assuming a higher rate of inflation and/or assuming a lower investment return rate?
Or are you referring to investment styles like diversification, or holding more cash, bonds, fixed-income investments once you retire?
I'm also interested in other people's backup plans or safety nets.
But then, that's why I have multiple safety nets built into my financial approach to retirement.
want2retire, are you able to share what those safety nets are?
Do you mean lifestyle adjustments to reduce expenses? --Living in a less expensive area (including overseas), traveling less, buying less, downsizing the house, selling assets, etc.
I know one lifestyle adjustment is to increase income by working a llittle during ER although you've posted that you personally do not plan to do that.
Or do you mean more conservative assumptions so that you are trying to build a bigger nest egg and/or assuming a higher rate of inflation and/or assuming a lower investment return rate?
Or are you referring to investment styles like diversification, or holding more cash, bonds, fixed-income investments once you retire?
I'm also interested in other people's backup plans or safety nets.