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Investing/Strategies / Retirement Investing
|Subject: Re: Asset Allocation||Date: 7/31/2005 9:54 PM|
|Author: PolymerMom||Number: 47096 of 76889|
I think if there isn't another market crash I should be able to achive this and maintain the same lifestyle that i have today.
What do you do if there IS another market crash? (Its all about managing risk, after all.)
There are other risks:
Inflation: What if there is no market crash but inflation really takes off?
The pension plan is terminated: I know people this has happened to. Pensions are at the sole discretion of the company. (social contracts be dam*ed, there's always the fine print...)
Frankly, I'm saving as much as my 58-yr-old bones allow and not counting on any pension plan or Social Security. I'm very worried about medical insurance in the future. If any of them exist when I do retire I'll consider it a windfall.
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