UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: RetiredVermonter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1488  
Subject: Re: Retirement draw-down, what am i missing? Date: 3/31/2006 3:19 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Jim2B;;

To help get through these times, you'll want your retirement funds to provide more than the minimum of what you need. Re-invest the excess to continue building up your networth and insulate yourself from these unfortunate but expected occurances.

I appreciate the advice, which is pretty much the straight party line, of course.

A question for you: Just how does one "insulate" against "unforunate but expected occurrences"? I know of nothing that is "safe" except maybe CD's at the bank or sticking my money under a mattress or in a safe deposit box.

The way I do it is to maintain a balanced portfolio, as I said, with most in good mutual funds (which I also check and change periodically, though not very often), plus some equities that I shepherd carefully, sometimes buying and selling some of those from day to day. In other words, I try to have SOME "insulation", but I also work at making a buck wherever I can to keep the boodle growing.

We all have to do what works for us.

Vermonter
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Berkshire Hathaway

Is the Market Overvalued?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement