Dwdonhoff warns,If a proposed strategy is vulnerable to that without sufficient reserves, its not a serious retirement plan. Maybe a fun gambling plan, but not 'retirement.'</snip>Sure it is. There's risk (and opportunity) in everything. If an unexpected emergency requires you to draw down your retirement funds, it just means you'll have to work a few years longer to make it up (or wait for the market to recover.)If I'm investing without the drag of IUL fees & costs, I'll have more money to meet whatever challenges appear. Over a 60 year investing horizon (e.g., start saving for retirement at age 30, die at 90), adding a 0.50% fee takes 24% of your wealth, adding a 1% fee takes 43% of your wealth and a 2% fee takes 68% of your wealth.Is it any wonder that at age 57 I've been retired for 19 years and I'm living comfortably on the money I'm not paying a financial advisor?Not really, it's just keeping almost all of your compounded investment returns.(Note: If anyone wants to run their own numbers on how much fees are costing them in wealth, there's an online Excel spreadsheet at this link: http://www.retireearlyhomepage.com/vg_tsp.html )intercst
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra