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This may be a little lengthy and winded, but here goes...
I retire in 15 years from my goverment job @ the ripe old age of 43. At that time I start to collect a pension equal to 40% of my last three years salary Averaged out(An insidious way of Dollar cost averaging). For this mandatory retirement my employer deducts %6 from my check every 2 weeks. I also have a 457 plan I contribute, on average, 4.5% too every 2 weeks in mutual funds-no stocks allowed.(Currently in Dreyfus S&P 500 and Cash.80-20). This theoretically puts me over the magic %10 mark all the experts say you need to save for retirement. And, even though my 457 is tax-deferred, I would like a little"play money" in individual stocks. I have 2 holdings, RGBK and GCI, and both are DRIPS. I am no newborn to the investment world, just looking for what other Fools think. Am I crazy to want to put more money in stocks , or should i just let my mutuals do all the work? I personally have never liked other people playing with my money. Soryy for long post. Comments, other fools?
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