Between the Tortoise and the Hare
The common issues our pre-retirees and retirees face are how they have saved and learning how to spend.
The common issues our pre-retirees and retirees face are how they have saved and learning how to spend.
The Social Security check is still a pension, but it covers only the most basic of needs for most.
This makes it very hard for them to say how much in dollars that a company is up or down over a period of time. So they speak in percentages...
It depends on your risk tolerance and the time you have to allow an investment that drops in value to recover.
How are you supposed to have any cash when everyone’s portfolios are off 10 to 20%?
The most important take-away is still have some income to counteract the impact of a large drop in the stock market in the first few years.
Like the law of gravity, large numbers and their averages or "means" pull with great force.
The thought of not working can be daunting enough, but the accompanying responsibility of managing the nest egg can be equally challenging.
In our most recent edition we hone in on Mark Halby who may be doing something even riskier than surfing big waves.
His view was that the idealists were the ones who had the toughest time and did not make it through their ordeal.