One more thing about Flagpole. With his arrogance in investing, he got absolutely slaughtered this year having such aggressive funds nearing retirement. It was fine back in 2008 when he had decade plus to still work. But this time when he is nearing so close to retirement and investing like he does with 25% in growth funds, etc, he go absolutely slaughtered when he’s nearing retirement thinking that having couple of years of cash funds would be fine. He definitely should have throttled back as he has already won the game. Stayed too aggressive to the end which could cost him working few more extra years. Pigs get fed, hogs get slaughtered.
There is a school of thought that believes one’s investments should maintain a level of aggressiveness prior to, and during, early retirement that is similar to what is typically recommended in younger years. The thinking is that if one expects to live 20+ years in retirement, history suggests a growth strategy for the first decade, or so, of retirement will grow that nest egg substantially beyond what it would be with a more conservative approach.
I don’t know if this is Flagpole’s thinking, but more and more financial planners are getting on board with this strategy.
I don't think he has any reason to be dialing it back. He is only about 55 so he might live another 40 years. He has social security to help out in 10 years. But most importantly his wife is still working. I can't imagine retiring at 55 though. What are you going to do? Especially with his wife working.
There is a school of thought that believes one’s investments should maintain a level of aggressiveness prior to, and during, early retirement that is similar to what is typically recommended in younger years. The thinking is that if one expects to live 20+ years in retirement, history suggests a growth strategy for the first decade, or so, of retirement will grow that nest egg substantially beyond what it would be with a more conservative approach.
I don’t know if this is Flagpole’s thinking, but more and more financial planners are getting on board with this strategy.
I don't think he has any reason to be dialing it back. He is only about 55 so he might live another 40 years. He has social security to help out in 10 years. But most importantly his wife is still working. I can't imagine retiring at 55 though. What are you going to do? Especially with his wife working.
Definitely, I understand the thought process of staying aggressive during early phase of retirement as you’d need your money to last longer than 30 years. However, if what Flagpole claims is true, then he has already won the game. When you win the game by having massive amount of equity, it’s fine to dial back and have more conservative portfolio. Also, I understand the thought process of staying aggressive. However, there’s a huge psychological perspective of your nest egg dwindling in aggressive funds and NOT working anymore. That is not easy to handle.
There is a school of thought that believes one’s investments should maintain a level of aggressiveness prior to, and during, early retirement that is similar to what is typically recommended in younger years. The thinking is that if one expects to live 20+ years in retirement, history suggests a growth strategy for the first decade, or so, of retirement will grow that nest egg substantially beyond what it would be with a more conservative approach.
I don’t know if this is Flagpole’s thinking, but more and more financial planners are getting on board with this strategy.
I don't think he has any reason to be dialing it back. He is only about 55 so he might live another 40 years. He has social security to help out in 10 years. But most importantly his wife is still working. I can't imagine retiring at 55 though. What are you going to do? Especially with his wife working.
I can imagine retiring at 55 or earlier. So can a lot of people. No need to question someone wanting to retire early.
Debbie Downer’s (Rachel Dratch) comments on feline AIDS, small pox, eczema and food poisoning during Thanksgiving dinner makes everyone leave the table, even...
I don't think he has any reason to be dialing it back. He is only about 55 so he might live another 40 years. He has social security to help out in 10 years. But most importantly his wife is still working. I can't imagine retiring at 55 though. What are you going to do? Especially with his wife working.
I can imagine retiring at 55 or earlier. So can a lot of people. No need to question someone wanting to retire early.
Am not questioning one wanting to retire early. Just not for me.
But seriously, who cares about Flagpole’s performance. All of this talk from him, he’s going to retire maybe little earlier than average. He’s not going to be able to retire that lavishly. Can’t afford to retire in California like he dreamed of and will be stuck in Ohio.
With how the market is going, he may delay his retirement where he ends up retiring at normal age. So, big deal.
Ha!
Already retired. Did so at age 55. Absolutely can retire to California and might...still looking at many options. Not sure what your definition of lavishly is, but I certainly have enough to do so...however I do have modest tastes. How the market is going will not affect me at all. My wife still works and plans to for 4 more years after May. The market could stay flat or even go down from here on out and I'd still have more than enough.
One more thing about Flagpole. With his arrogance in investing, he got absolutely slaughtered this year having such aggressive funds nearing retirement. It was fine back in 2008 when he had decade plus to still work. But this time when he is nearing so close to retirement and investing like he does with 25% in growth funds, etc, he go absolutely slaughtered when he’s nearing retirement thinking that having couple of years of cash funds would be fine. He definitely should have throttled back as he has already won the game. Stayed too aggressive to the end which could cost him working few more extra years. Pigs get fed, hogs get slaughtered.
Ha! I lost a LOT of money on paper in 2022, but what I lost is a lot more than most people even dream of retiring with, and it will all bounce back...and what remains is still a LOT.
No need to "throttle back." You sure seem to know a lot about my wealth and expenses.
1) My wife continues to work as a college professor and plans to for 4 more school years after this one. We continue to invest, and she makes decently more than our expenses.
2) I have ZERO debt including a paid for house, and very low expenses.
3) I have three YEARS of expenses saved liquid outside of stocks.
I have set myself up to not need to "throttle back."
One more thing about Flagpole. With his arrogance in investing, he got absolutely slaughtered this year having such aggressive funds nearing retirement. It was fine back in 2008 when he had decade plus to still work. But this time when he is nearing so close to retirement and investing like he does with 25% in growth funds, etc, he go absolutely slaughtered when he’s nearing retirement thinking that having couple of years of cash funds would be fine. He definitely should have throttled back as he has already won the game. Stayed too aggressive to the end which could cost him working few more extra years. Pigs get fed, hogs get slaughtered.
There is a school of thought that believes one’s investments should maintain a level of aggressiveness prior to, and during, early retirement that is similar to what is typically recommended in younger years. The thinking is that if one expects to live 20+ years in retirement, history suggests a growth strategy for the first decade, or so, of retirement will grow that nest egg substantially beyond what it would be with a more conservative approach.
I don’t know if this is Flagpole’s thinking, but more and more financial planners are getting on board with this strategy.
Here's the deal since so many of you seem interested:
1) As "Crashing rent free" said, I HAVE won the game. I did so by investing early and often since 1989.
2) I retired this past summer at age 55. My wife wants to continue her college professor job for 4 more school years after this one. She makes more now than we need.
3) We have more than enough invested so that even this big down year for me really means nothing.
4) We have three YEARS of expenses saved outside of stocks, so that allows me to continue to have my stocks invested as they are.
5) At this point, I am just letting it all ride. It's all fine enough. I hardly do any active work on my investments anymore...just no need.
There is a school of thought that believes one’s investments should maintain a level of aggressiveness prior to, and during, early retirement that is similar to what is typically recommended in younger years. The thinking is that if one expects to live 20+ years in retirement, history suggests a growth strategy for the first decade, or so, of retirement will grow that nest egg substantially beyond what it would be with a more conservative approach.
I don’t know if this is Flagpole’s thinking, but more and more financial planners are getting on board with this strategy.
Here's the deal since so many of you seem interested:
1) As "Crashing rent free" said, I HAVE won the game. I did so by investing early and often since 1989.
2) I retired this past summer at age 55. My wife wants to continue her college professor job for 4 more school years after this one. She makes more now than we need.
3) We have more than enough invested so that even this big down year for me really means nothing.
4) We have three YEARS of expenses saved outside of stocks, so that allows me to continue to have my stocks invested as they are.
5) At this point, I am just letting it all ride. It's all fine enough. I hardly do any active work on my investments anymore...just no need.
Three years savings is about right. This bear market is likely to be worse than 2000-2002, and 2007-2009. Of course your assets are likely to be cut in half from the January 2022 market top with about ten years to reach the previous peak (not counting future contributions). But with your frugality your heirs will still be happy. That is a historically accurate assessment.
Believing in false narratives, is stupid. The free lunch you lived on the last decade result in two years of high single digit inflation. That is permanent, and your growth investments will continue to experience compressed multiples. That happens when you think you know something about every topic when in reality you don’t.
Believing in false narratives, is stupid. The free lunch you lived on the last decade result in two years of high single digit inflation. That is permanent, and your growth investments will continue to experience compressed multiples. That happens when you think you know something about every topic when in reality you don’t.
Believing in false narratives, is stupid. The free lunch you lived on the last decade result in two years of high single digit inflation. That is permanent, and your growth investments will continue to experience compressed multiples. That happens when you think you know something about every topic when in reality you don’t.
Oh, the irony!
You are the perfect dope for false narratives, and that is why your investments will continue to suck. And therefore you earn the title Groomer of the Stool.
You are the perfect dope for false narratives, and that is why your investments will continue to suck. And therefore you earn the title Groomer of the Stool.
Good one, Igy.
I want a tee shirt emblazoned with: "Your investments suck!"
I once saw a tee shirt saying "Your favorite band sucks" and got a big kick out it, Yours is right up there.
You are the perfect dope for false narratives, and that is why your investments will continue to suck. And therefore you earn the title Groomer of the Stool.
I never have to worry about going thru the hassle of having the Groomer of the Stool’s posts removed. All I have to do is put him on block; him being nearly a dozen registered handles. Is that crazy? What type of dope, demented nut job would go to that trouble?
Merry Winter Solstice to my fellow unrepentant Pagans*. Whenever Flagpole talks about finance and his retirement, I think of Albert Brooks' Lost in America. For those unfamiliar with the movie, the Flagpoles have retired and are moving to CA. They stop in Vegas and hilarity ensues.
Lost in America movie clips: http://j.mp/13UGNCjBUY THE MOVIE: http://j.mp/13UGLukDon't miss the HOTTEST NEW TRAILERS: http://bit.ly/1u2y6prCLIP DESCRIPTION:...
Lost in America movie clips: http://j.mp/13UGNCjBUY THE MOVIE: http://j.mp/13UGLukDon't miss the HOTTEST NEW TRAILERS: http://bit.ly/1u2y6prCLIP DESCRIPTION:...