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Many "smart" people don't realize that you take out money for retirement slowly
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Date: December 15th, 2020 8:48 PM Author: Claret area people who are hurt I'm always mind fucked how often otherwise "smart" people incorrectly assume they have to liquidate their retirement assets / securities or need to move to "safe" securities right at the start of retirement and thus worry about the market tanking right before retirement or sometime before the very end.
You have 15-30 years you can slowly sell whatevers assets / securities you have for retirement. No need to liquidate or move to safer investments when you get close to retirement or at the start of retirement. Risk of a crash is mitigated by the time scale involved. Makes sense when you're closer to death though if you barely have enough money though
I am continually MINDFUCKED at how many otherwise "smart" people don't realize this. |
Date: December 15th, 2020 8:49 PM Author: Slimy Multi-colored Public Bath Round Eye yeah a lot of 'elites' are peabrained when it comes to anything quantitative. they are women. (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41555964) |
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Date: December 15th, 2020 8:50 PM Author: maize home incel how much do u need to safely retire? $3M? (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41555972) |
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Date: December 18th, 2020 7:51 PM Author: Claret area people who are hurt At least 5 per person. (10 for married couple) (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575363) |
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Date: December 18th, 2020 7:52 PM Author: ocher razzle shrine 800k and paid off primary residence (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575372) |
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Date: December 18th, 2020 7:53 PM Author: Claret area people who are hurt (Are country prole) (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575378) |
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Date: December 18th, 2020 7:53 PM Author: ocher razzle shrine nobody should ever fully retire. the above is good assuming that is the case. (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575384) |
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Date: December 18th, 2020 7:54 PM Author: Claret area people who are hurt Cr. Assuming you're pulling in at least 300k / year working until you die, $800k would suffice. (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575392) |
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Date: December 18th, 2020 8:02 PM Author: ocher razzle shrine i spend 15k/year (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575439) |
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Date: December 18th, 2020 8:04 PM Author: Claret area people who are hurt MFCR. Are you a sexpat in Cambodia? (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575452) |
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Date: December 15th, 2020 8:50 PM Author: lilac kink-friendly nursing home athletic conference most retirements are 15% cheaper if you pre-pay it all upfront. (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41555973) |
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Date: December 15th, 2020 8:51 PM Author: Claret area people who are hurt ? (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41555981) |
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Date: December 15th, 2020 8:50 PM Author: sinister church elastic band I knew an old Gen Xer in his late 50s who would get hysterical about every swing in the stock market (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41555975) |
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Date: December 15th, 2020 9:02 PM Author: Claret area people who are hurt LJL. (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41556050) |
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Date: January 18th, 2021 5:59 PM Author: hairless fortuitous meteor ticket booth ? Gen X begins in 1965. There are no Gen-Xers in their late 50s. (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41778452) |
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Date: January 18th, 2021 6:14 PM Author: Overrated Love Of Her Life Hominid earl? (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41778540) |
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Date: December 18th, 2020 7:50 PM Author: Claret area people who are hurt (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575355) |
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Date: December 18th, 2020 8:07 PM Author: Stirring associate Sequence risk is the danger that the timing of withdrawals from a retirement account will have a negative impact on the overall rate of return available to the investor. This can have a significant impact on a retiree who depends on the income from a lifetime of investing and is no longer contributing new capital that could offset losses. Sequence risk is also called sequence-of-returns risk.
https://www.investopedia.com/terms/s/sequence-risk.asp
Level risk depends on length of retirement, what % you have in cash / treasuries, etc. |
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Date: December 18th, 2020 8:52 PM Author: violent hospital This right here, especially if the crash is right at the onset of retirement. (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41575625) |
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Date: January 18th, 2021 7:07 AM Author: Contagious Senate Patrolman these "calculators" all assume a 30 year run, oh yeah I'm going to reorient my life around not running out of money at *95* years old what an insane goal
its all smoke & mirrors to scare you and get you to invest more $$$ with them than you actually need |
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Date: January 18th, 2021 9:33 AM Author: passionate ruby affirmative action Equally dumb to not realize a lot of these people are transitioning their portfolios to mostly cash equivalents and bonds, even if they are not cashing out entirely to their checking accounts. (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41775175) |
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Date: January 18th, 2021 5:46 PM Author: Claret area people who are hurt Yeah. My point is that it's a falacy that it's smart to move to cash equivalent and bonds right before or at the start of retirement.
Financial planners recommend this because it leads to more commissions for them. Not because it makes sense. |
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Date: January 18th, 2021 6:18 PM Author: jade aphrodisiac mediation (http://www.autoadmit.com/thread.php?thread_id=4713688&forum_id=2#41778568) |