No. of Recommendations: 1
Mr. Flash,

Other than "retiring" without placing some of your investments in cash, I don't think you made any bad decisions with the information available to you at the time. Everyone wishes they had gotten out of tech about a year ago, but what has happened lately is pretty normal in the long-term history of equities.

Which leads to my next point - at 55 (unless you have poor health) you still have a very long time-line from an investment perspective. The long-term history of equities outperforming other investment forms still applies to you. In fact, that is more true after this market correction (which might not be done yet) than before! I'm no better at predicting the future than anyone else, but I also believe tech is with us for at least another 10-15 years and that now is a better time to get in than to get out.

By the way, I too would have been tempted to retire with $1.5 million, but have you considered unretiring? You still have lots of time left and, depending on your profession, you are probably now in your prime earning years. That would have you putting money IN during what should be a very good time to accumulate.

To summarize, if I were you and wanted to stay retired, I would put about 5 years of living expenses into cash and leave the rest invested in equities. I would do the same at the end of the 5 years. In so doing, I bet you will have lots to leave to that wife you're so fond of when your time here is done.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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.
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.