If I didn't have a small pension I wouldn't have retired early at The title says it all. Financially, if I knew now, then, and I didn't have a pension that covers about 30% of my 2016 expenses, I would have stayed working longer. We have all discussed, how much you need to retire and you can do that with almost any amount if you are willing to compromise your living style. I don't want to do that and I don't have an extravagant living style.
I've posted my budget and other information before. You can search for it.
I do not plan on changing my spending habits.
With my current projections I never run out of money. And in real terms my net worth, excluding home, increases. But, without the pension I would be vulnerable.
Positive # = decrease in expenses
% Year Age
15.1% 2,008 52
20.0% 2,009 53
-6.1% 2,010 54
-7.7% 2,011 55
9.0% 2,012 56
-6.2% 2,013 57
6.2% 2,014 58
-17.5% 2,015 59
-1.8% 2,016 60
-3.8% 2,017 61
4.0% 2,018 62
-5.9% 2,019 63
-2.3% 2,020 64
-4.2% 2,021 65
-4.3% 2,022 66
-5.0% 2,023 67
-4.2% 2,024 68
-4.8% 2,025 69
Half Of People Near Retirement Have No Savings More support to give up hope.
Dow Stocks Oversold And Breaking Down FYI: The Dow is now back in the red for the year with a YTD decline of
15 bps. The average stock in the index is still up, but only slightly at +
15 bps. Below is our trading range screen for the 30 stocks in the Dow. For each stock, the dot represents where it’s currently trading, while the tail end represents where it was trading one week ago. The black vertical “N” line represents each stock’s 50-day moving average, and moves into the red or green zones are considered overbought or oversold.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/dow-stocks-oversold-and-breaking-down/
Half Of People Near Retirement Have No Savings
Art Cashin: "Beware Triple Crown Indicator" The title of Mr. Ritholtz's blog post:
More Fun With Useless Correlations: American Pharoah
Posted By Barry Ritholtz On June 8, 2015 @ 9:00 am In Bad Math, Cognitive Foibles, Investing
Tom Lauricella: What I Learned In 14 Years On The Funds Beat Hi Dex,
I’m still waiting your response to the fair questions I asked. Why do you doubt that Tom Lauricella learned during his long tenure at the WSJ?
I believe anyone learns something every single day whether he intends to or not. I also believe we likely unlearn something everyday although we don’t like to admit our misunderstandings. I see no reason to suspect that Lauricella is so unique that he avoids these learning experiences.
Rather than defending your position, you deploy the debate loser’s tactic of attacking an opponent’s position. That’s an easy task to refute in this instance.
Even the subtitle of the piece notes that “My last bit of advice: Keep the strategy simple, and the costs low”. That’s a lesson learned.
Simply look at the headlines displayed below the title. All three are examples of lessons he learned over the years.
Just about every paragraph in the article recalls some other lessons learned. He talked about the market timing scandal. He reminisced about how “… high-paid stock-fund managers, who have since struggled to post better returns than simple, low-cost index funds” have failed to better serve the investing public. He later recalled the 130/30 mutual fund debacle. These were all learning experiences.
Lauricella concluded with “…. the focus is really on long-term investing. Hopefully this column had the same message.” That too was a learning experience since both earlier investors and financial writers often concentrated on short-term results rather than long-term process consistency.
The two articles that I referenced also demonstrate that, like most of us, Tom Lauricella is a learning machine with almost daily adjustments.
Look, Tom Lauricella was making a final address to the troops in his closure article. In any concluding ceremony, it deserves the respect, the goodwill, and the common courtesy usually accorded to anyone trying to be helpful.
Please explain why you so dislike Tom Lauricella’s writings. They seemed fair and open-minded to me. I’m always anxious to learn. I suspect you are too.
In the investment marketplace, a disagreement is no clarion call for undocumented and uncivil condemnation. It’s reasonable to take opposite sides of the trade and still be friendly and even cordial.
Best Wishes.
Art Cashin: "Beware Triple Crown Indicator"
Tom Lauricella: What I Learned In 14 Years On The Funds Beat Hi Dex,
Well I suppose your one-liner, gratuitous comment is calculated to secure some attention. But it falls miserably short if it is designed to inspire a consensus.
Hi yourself,
Please list from the OP article what he learned over the last
14 years and we can have a discussion.
Tom Lauricella: What I Learned In 14 Years On The Funds Beat Hi Dex,
Well I suppose your one-liner, gratuitous comment is calculated to secure some attention. But it falls miserably short if it is designed to inspire a consensus.
It is far too easy to denigrate a person’s working contributions on the Internet without offering a shred of evidence to support your ungracious and unwarranted remarks.
I do not take exception that you might not like Lauricella’s writings. Diverse opinions are what makes for a vibrant marketplace. But if you are going to bad-mouth a person, as a minimum, you should make the case for your defaming remarks.
Please present your evidence. Why don’t you think he learned much? Have you been a consistent reader of his WSJ articles? I have. Although some were repetitive, I personally learned from his writings. Overall, his columns were uniformly informative.
I’m awaiting your contrary comments and examples of poor writings as are others on MFO.
Recently, Lauricella has focused attention on an issue that you constantly address on MFO: retirement. Surely, you’ve accessed these articles. If not, here are Links to two representative samples of Lauricella’s work:
http://www.wsj.com/articles/five-myths-about-retirement-1400976997http://www.wsj.com/articles/for-some-retirement-brings-grief-1414886644?mod=WSJ_hpp_MIDDLENexttoWhatsNewsForthI would hope these references are helpful to some retirees, but might not apply to your specific situation. Each case is somewhat unique, but all have common elements. Since the columns are prepared for the general public, the glove is never a perfect fit. So adjust and interpret.
Look, Tom Lauricella sure doesn’t need me to defend him. I’m simply annoyed at unsupported scurrilous attacks. Plain and simple, it is character assassination at the lowest levels, and for unspecified purposes.
You are welcome to your unsolicited opinions, but your current comment deserves this repudiation and challenge.
Best Wishes.
Half Of People Near Retirement Have No Savings Thank for the charts MJG. This one says it all:
