Quote:
Originally Posted by DAB
many years ago, we were talking with our financial advisor guy, and i made the point that at some point, if you do things right, you can stop taking risks. for example, if you figure you need 50k/year for 40 years, and you get to 2M, well, that should cover you nicely, so you can stop taking risks and get out of the market.
he got this horrified look on his face.....
we have trimmed back some risk over time.  |
I wouldn't have a nice look on my face either, if one of my kids said that to me.
If inflation didn't exist, I would agree with this, but it does, and it is likely to get worse in the coming years due to the incredible deficit the US is building.
BTW: I agree with your math on the 15.5% for 10 years. I'm sure Jeff will not show us his though.