Jay_Gatsby
Thinks s/he gets paid by the post
- Joined
- Oct 7, 2004
- Messages
- 1,719
stop-saving-so-much-for-retirement: Personal Finance News from Yahoo! Finance
At least the article points out the key fallacy in this "strategy"
You can't control the return on your retirement stash, and you can't necessarily control when you get to call it quits. Fahlund's strategy is psychologically astute, in that it blends the security of working longer with the pleasures of enjoying life while you're still young enough to enjoy it. But in the end, Fahlund's plan depends on two things that are outside your control: Market returns and the length of your career. To stop saving in the hope that you won't need to draw on your nest egg until you're in your eighth decade is a gamble.
At least the article points out the key fallacy in this "strategy"
You can't control the return on your retirement stash, and you can't necessarily control when you get to call it quits. Fahlund's strategy is psychologically astute, in that it blends the security of working longer with the pleasures of enjoying life while you're still young enough to enjoy it. But in the end, Fahlund's plan depends on two things that are outside your control: Market returns and the length of your career. To stop saving in the hope that you won't need to draw on your nest egg until you're in your eighth decade is a gamble.