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Post by smsmith on Nov 11, 2024 9:40:22 GMT -6
I'm not sure how long this economic euphoria is going to last, but it is sure fun to be fully invested during such times.
I'm guessing 2025 will be a pretty good year for market returns. After that, who knows. A year like 2019 where the S&P returned over 31% would be incredible.
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Post by Foggy on Nov 11, 2024 10:58:03 GMT -6
My take on the markets and retirement. Been retired for nearly 20 years now. We have had a good planner who has kept us within our mutually agreed allocation plan thru those times. We mostly kept a disciplined withdrawal rate of our savings of 4% / year.....but on a monthly basis. I have made a few larger purchases in that time and have traded some investment property for recreational land and a different home, etc. Fortunately we started with "enough" saved to keep us happy in retirement.....if our withdrawal and investment approach worked according to plan. It has worked quite well.....and my net worth has gone up over this period of time. Not sure if I am outpacing inflation.......but maybe so / maybe not. At any rate......I suppose my time will expire before my finances are depleted. Believe it or not......that is a good feeling. lol. We really do not have any huge desire to travel or have any big expenses on our horizon.......I guess we are satisfied to just be here and watch the new politics of America unfold. Maybe there now is a new hope for our family. Key words in what I am trying to say above: Planning, Enough, Discipline, Allocation, Inflation, family future.  . |
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Post by smsmith on Nov 11, 2024 11:37:04 GMT -6
My take on the markets and retirement. Been retired for nearly 20 years now. We have had a good planner who has kept us within our mutually agreed allocation plan thru those times. We mostly kept a disciplined withdrawal rate of our savings of 4% / year.....but on a monthly basis. I have made a few larger purchases in that time and have traded some investment property for recreational land and a different home, etc. Fortunately we started with "enough" saved to keep us happy in retirement.....if our withdrawal and investment approach worked according to plan. It has worked quite well.....and my net worth has gone up over this period of time. Not sure if I am outpacing inflation.......but maybe so / maybe not. At any rate......I suppose my time will expire before my finances are depleted. Believe it or not......that is a good feeling. lol. We really do not have any huge desire to travel or have any big expenses on our horizon.......I guess we are satisfied to just be here and watch the new politics of America unfold. Maybe there now is a new hope for our family. Key words in what I am trying to say above: Planning, Enough, Discipline, Allocation, Inflation, family future. . I'd say that's very good advice. I'd like to leave a legacy for the kids, and if markets perform at all like the historic averages...we should be able to do just that. Of course, you need some luck health wise as well. Extended long term care can eat up a bunch of money in a hurry. Just ask my inlaws... |
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Post by Foggy on Nov 11, 2024 11:42:27 GMT -6
My take on the markets and retirement. Been retired for nearly 20 years now. We have had a good planner who has kept us within our mutually agreed allocation plan thru those times. We mostly kept a disciplined withdrawal rate of our savings of 4% / year.....but on a monthly basis. I have made a few larger purchases in that time and have traded some investment property for recreational land and a different home, etc. Fortunately we started with "enough" saved to keep us happy in retirement.....if our withdrawal and investment approach worked according to plan. It has worked quite well.....and my net worth has gone up over this period of time. Not sure if I am outpacing inflation.......but maybe so / maybe not. At any rate......I suppose my time will expire before my finances are depleted. Believe it or not......that is a good feeling. lol. We really do not have any huge desire to travel or have any big expenses on our horizon.......I guess we are satisfied to just be here and watch the new politics of America unfold. Maybe there now is a new hope for our family. Key words in what I am trying to say above: Planning, Enough, Discipline, Allocation, Inflation, family future. . I'd say that's very good advice. I'd like to leave a legacy for the kids, and if markets perform at all like the historic averages...we should be able to do just that. Of course, you need some luck health wise as well. Extended long term care can eat up a bunch of money in a hurry. Just ask my inlaws... ^ That is for certain. I have heard lots of stories on that. We got some family that is now facing a similar situation. It's not easy. |
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Post by smsmith on Nov 11, 2024 12:01:12 GMT -6
I was kind of thinking the Boomers hitting the age where long term care becomes an issue would result in massive changes. It could still happen I suppose, but I haven't seen much.
I think there is a shitton of money that could be made by a group of 5-10 RNs, LPNs, and CNAs. Do it yourself and make the money instead of working for some corporation who is getting rich. Work with a couple families, get to know them, treat them well, and make a good living.
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Post by Foggy on Nov 11, 2024 12:27:13 GMT -6
I was kind of thinking the Boomers hitting the age where long term care becomes an issue would result in massive changes. It could still happen I suppose, but I haven't seen much. I think there is a shitton of money that could be made by a group of 5-10 RNs, LPNs, and CNAs. Do it yourself and make the money instead of working for some corporation who is getting rich. Work with a couple families, get to know them, treat them well, and make a good living. Yep. Home health care is a huge demand. Not enough help. |
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Post by wklman on Nov 11, 2024 12:39:10 GMT -6
I was kind of thinking the Boomers hitting the age where long term care becomes an issue would result in massive changes. It could still happen I suppose, but I haven't seen much. I think there is a shitton of money that could be made by a group of 5-10 RNs, LPNs, and CNAs. Do it yourself and make the money instead of working for some corporation who is getting rich. Work with a couple families, get to know them, treat them well, and make a good living. One of my best buddies is becoming a millionaire doing just this. His wife is a RN and they started an in home healthcare business in AZ. He's now franchising out to different states and raking in millions. |
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