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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76418  
Subject: Re: ScaryStuff on Long-term Care Date: 3/4/2004 9:36 AM
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2old4bs:

<<<I do not know your age, and you seem to have me confused with some 34-year old youngster, so I am not sure whether that statement is accurate.>>>

"In my last post I apologized for confusing you with another poster, are you looking for something further, like an invitation to my daughter's wedding? ;-)"

Sorry, I posted before reading the entire thread (including your subsequent post).

<<<Truly safe would be to never retire. Is that really the position you want to argue?>>>

"The position I was arguing to start with was that $2M might not be enough to retire on at the age of 45. Then OP responded that he could retire on $2M at 34, which I disagreed with, and gave some reasons why. My position was NOT that to be truly safe one should never retire."

It depends greatly upon your expenses; focus on only one side of the income/expense equation can never fully answer the question.

"Here's an article that supports my position:

http://moneycentral.msn.com/content/Retirementandwills/InvestYourSavings/P34685.asp

Katz is overstating the case a bit. Retiring at 50 with $2 million set aside isn't very risky; it just might not be as smart, or as liberating, as it seems."


Regards, JAFO

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