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if we are 36% shy of our investment goals, wouldn't it be prudent to simply wait 6 years with no risk and reach our goals, rather than pi$$ing money away in things that bring risk but not much return?

The flip side is that you miss out on the chance of the stock market potentially bouncing that 36% in one year instead of six, getting you to retirement five years sooner. This might be unlikely for a variety of macroeconomic reasons, but is never impossible.

I can attest to the part where you don't need a budget. If you (and spouse) still consistently spend less than you earn even without one, you'll continue to come out ahead. It's like how a naturally skinny person doesn't need to diet.

- Erik
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