tag:blogger.com,1999:blog-2875915890415125655.post2220716946133050750..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: 12 Months to Go?RetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger21125tag:blogger.com,1999:blog-2875915890415125655.post-24548997402457729892016-03-01T11:45:03.723+00:002016-03-01T11:45:03.723+00:00hi rit
well done you have done so well in 10 years...hi rit<br />well done you have done so well in 10 years.<br />what is your actual age now? <br />im banking on state pension when im 67 of just under £8,000<br />im 51 at present and i will have all my stamps in place. as i plan on working another 6 years.<br />you say your not relying on state pension is that because your much younger than me and you wont have worked the 35 ish years to pay all aurorahttps://www.blogger.com/profile/18222115011238698622noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-679467151914874432016-02-29T16:14:33.626+00:002016-02-29T16:14:33.626+00:00I hope you're careful in Malta.
http://www.tel...I hope you're careful in Malta.<br />http://www.telegraph.co.uk/news/worldnews/europe/malta/12177262/British-man-collapses-and-dies-during-Malta-marathon.htmldeariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-85196632172912734472016-02-29T13:59:40.626+00:002016-02-29T13:59:40.626+00:00What has interested me reading this is the use of ...What has interested me reading this is the use of a specified capital sum as being the number to FIRE from, ie the £1m in the author's case. With any significant exposure to equities, having a savings pot of £1m on retirement in 1999 versus having a savings pot of £1m on retirement in 2009 would clearly lead to very different outcomes for the retiree. <br /><br />Whilst timing the markets Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-75503457475626958412016-02-29T10:53:42.326+00:002016-02-29T10:53:42.326+00:00remember for all these worse case-scenarios being ...remember for all these worse case-scenarios being pointed out that you still have a bunch of human capital left to deal with them. Totally different to someone doing the same thing aged 65.<br /><br />There is nothing outlined here that should trouble someone who has proven themselves to be a top 0.5%er and had the brains to figure out how to duck out of the rat-race in their early 40sAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-90099621397561361202016-02-28T20:06:43.696+00:002016-02-28T20:06:43.696+00:00Having just reached the theoretical 18-month-to-go...Having just reached the theoretical 18-month-to-go stage myself, I'm following your posts with interest. There are some opposites - I'm currently an "economic migrant" working in the eurozone, and intending to return to the UK to retire. BREXIT could be bad news for you (no right to live in EU countries, worse exchange rate, difficulty accessing UK financial services and a David Tnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-1076710652949961792016-02-28T19:43:05.783+00:002016-02-28T19:43:05.783+00:00Similar position - older - more modest property as...Similar position - older - more modest property aspirations and smaller target. Also my particular way of earning a decent living - as an IT contractor should - in theory - allow me to dip in and dip out of employment until I'm 60.Philhttps://www.blogger.com/profile/07683113114048910401noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-5122874142128811892016-02-28T19:39:34.425+00:002016-02-28T19:39:34.425+00:00Of course you can always go back to work. Your ski...Of course you can always go back to work. Your skillset might atrophy so it would be hard to get back into your old haunts but you should be able to get other work to cover a shortfall. Soldiers who leave the services in their early 40s do well with second careers topped up with their early pensions. <br /><br />A lot depends on whether you are a high earner now, so the gap with mean wages is John Bhttps://www.blogger.com/profile/10530034666593178946noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-23240019143746807322016-02-28T18:30:48.991+00:002016-02-28T18:30:48.991+00:00Hi RIT et al,
Yes- hopefully you will avoid what ...Hi RIT et al,<br /><br />Yes- hopefully you will avoid what has happened to many who have recently retired and decided against an annuity - with their funds remaining invested ( drawdown ). Your predicted withdrawal rate is low - and you think you may be able to forgoe withdrawal in a serious market downturn .<br /><br />You also have a bit of a safety net / buffer in that you have discounted stringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-24372700653089955032016-02-28T14:57:37.542+00:002016-02-28T14:57:37.542+00:00No I didn't read that one. In all honesty I d...No I didn't read that one. In all honesty I don't find MMM so relevant any more so I've sort of tuned out.<br /><br />What was your view of the piece?RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-71889316871842655912016-02-28T14:56:08.165+00:002016-02-28T14:56:08.165+00:00A poor sequence of returns early in FIRE is one of...A poor sequence of returns early in FIRE is one of the biggest risks I've found out there. It's why I've written about sequence of returns, modelled living off of dividends in bad bear markets (historically dividends have been less affected than capital) and why my portfolio is (to some) conservative but at the same time hopefully less volatile in the bad times.<br /><br />The RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-85098866628624947902016-02-28T14:30:46.166+00:002016-02-28T14:30:46.166+00:00Im personally a big fan of "one more year&quo...Im personally a big fan of "one more year" for this reasonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-33773342387768330922016-02-28T14:14:50.077+00:002016-02-28T14:14:50.077+00:00Consider an American couple in the spring of 1929....Consider an American couple in the spring of 1929. They've realised a heap of capital by selling their business. They decide to live off that capital, and to diversify their investments between land in Florida, shares on Wall St, and cash in local banks. Ruin follows. Maybe it would have followed anyway if they had never sold the business but such episodes must surely be frightening?<br /deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-69696969992490224792016-02-28T13:15:45.956+00:002016-02-28T13:15:45.956+00:00Did you read the new yorker profile on mr money mo...Did you read the new yorker profile on mr money moustache?<br /><br />How fair do you think the piece is?Neverlandnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-17958457769779855192016-02-28T12:56:08.200+00:002016-02-28T12:56:08.200+00:00Hi stringvest
An interesting question and one I d...Hi stringvest<br /><br />An interesting question and one I don't really have an answer to. So to give a reasoned answer let me show both sides of the coin.<br /><br />Why wouldn't I? If I look at some of the blogs I've followed where the author is working towards FIRE I've noticed that when they hit the target their posting slows considerably or even stops. Two examples would RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-42553366683317715252016-02-28T12:18:00.146+00:002016-02-28T12:18:00.146+00:00Hi RIT,
@ 27/2 23:27 you say It's one of th...Hi RIT,<br /><br />@ 27/2 23:27 you say It's one of the reasons I keep @ this blog "<br /><br />What can we expect to happen to your blog after FIRE ? - is it something you already have some ideas about ?<br /><br />Clearly weekly would almost certainly be too often , once things are stabilised and settling down .<br /><br />I am sure a lot of us would like to know your thoughts on stringvestnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-44153533207196665932016-02-28T10:36:22.409+00:002016-02-28T10:36:22.409+00:00I should say that I don't actually dislike my ...I should say that I don't actually dislike my work. I spend a lot of my time there so it's important that I do get satisfaction from it. It's more about the other choices I have available to me if I don't work. I've done what I do for a while now and I'd really like to try something new.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-16138903089338873252016-02-28T08:43:19.698+00:002016-02-28T08:43:19.698+00:00Thanks RIT. I would find myself in the one more ye...Thanks RIT. I would find myself in the one more year camp. I'm too risk averse and perhaps a little cynical to not take opportunity for the extra risk mitigation. But the big caveat there would be the balance between how much the effort and toll taken by the extra year is vs the reward (further security, a little extra lifestyle).<br /><br />I happen to enjoy my work, but it does sound like mwpthttps://www.blogger.com/profile/00130860121960338694noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-78422320243952519712016-02-27T23:27:49.287+00:002016-02-27T23:27:49.287+00:00@mwpt and John B
The one more year (OMY) problem i...@mwpt and John B<br />The one more year (OMY) problem is an interesting one. From where I sit today I am bullish that as soon as my Saturday financial update shows £1,000,000 a resignation letter will be presented the following Monday. The interesting piece for me is that I also see on personal finance fora a lot of people who are doing OMY's. It's one of the reasons I keep at this RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-59135502054015223122016-02-27T23:16:57.307+00:002016-02-27T23:16:57.307+00:00Good post. Run, do not walk, from the UK. You know...Good post. Run, do not walk, from the UK. You know it's going to get *a lot* worse.Ben Fhttps://www.blogger.com/profile/13760806340684934435noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-36371005366766463082016-02-27T19:42:14.247+00:002016-02-27T19:42:14.247+00:00With market fluctuations similar to 1 year's p...With market fluctuations similar to 1 year's pay, it is so tempting to do that extra year. £1m is a good target, and I was past it, but the recent falls have put me under again. If instead of thinking of the extra year as caution money, but pure 'fun' money, it helps motivate. A full salary is a lot of pints of real ale...John Bhttps://www.blogger.com/profile/10530034666593178946noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-13381520719162525202016-02-27T12:37:49.215+00:002016-02-27T12:37:49.215+00:00Another interesting post. In practice, how quickly...Another interesting post. In practice, how quickly do you think you will stop working entirely once you reach your goal? Do you think the temptation will be there to work "just one more year" to make things a little more safe?mwpthttps://www.blogger.com/profile/00130860121960338694noreply@blogger.com