UnThreaded | Threaded | Whole Thread (182) | Ignore Thread Prev | Next
Author: GusSmed Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 68301  
Subject: Re: Liberal Early Retirement Date: 2/8/2007 10:00 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
I think your questions about those who are cocky enough about their 'systems' to take out 10% or more from their stockpile (or whatever the better term is) is more of a personal question about personal confidence and risk aversion than formulas.

I wasn't really thinking about it in those terms. The way I see it, no amount of personal confidence is going to help you if you overdraw your retirement account. The danger in simplistic models of retirement spending is that they can lead to withdrawing more than is actually safe, however confident or risk tolerant you may be.

I am frugal because I want to be able to do what I like without regard to money, so that I can continue to work by choice rather than necessity.

That's more or less how I thought a few years ago. Yet I found that when I was actually financially independent, I didn't really want to work after all.

- Gus
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (182) | Ignore Thread Prev | Next


Kiddie Card Board
Should kids have their own credit card?
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Wealth of Power
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.