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Reitman wrote:
<<I am currently a school counselor. I am 50 years old. I intend to retire when I turn 58. ... I feel that doing the DOW
for the next 8 plus years would give me a greater return.>>

TMFPixy replied:
<<Given a choice ... I would pick the market every time. And I
would win over time. But you're talking about "the next eight
years." The odds of winning just came down to about 85%
of the time. >>

Planning to retire in 8 years does not mean your time
horizon is 8 years. Unless you plan to blow your wad
on a cruise to celibrate your retirement, a more realistic
average time horizon is 8 years + half your life expectancy
at retirement. In Reitman's case this is probably close
to 18 years. This gives the market a much better chance
to beat an annuity.
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