Sure, that's the downside to a pension...stops when you die, or if you have survivor benefits, when they die.
My pension is 1 of 3 legs to my federal retirement. TSP (401), Pension, and SS (FERS supplement between this October and when I turn 62). TSP is mine and the largest portion of the 3...
A big part of 08 was predatory lenders that got off scot free. Those that did it should still be in prison.
I will say again you cant let a couple bad years deter you from long term retirement investing.
Stay the course.
I don't disagree that short term shit can happen. You just cant let a small speed bump slow you down.
Not far removed from anything. My entire family are as blue collar as they come...lumber mills, railroad, creamery workers, etc. All had/have pensions so investing wasn't necessary.
Different...
Right, that's why its solid advice to have 6-12 months in available living expenses to ride out things like 2008.
There was still work to be had to supplement living on reserves.
Its a fools errand to let something like 2008, covid, etc. scare you from continuing to invest.
Akin to missing a...
Those short term losses are buying opportunities.
What keeps people from investing is lack of understanding compounding interest, discipline, and the market. IMO, the average American is not very financially literate.
Not all their fault, it should be taught from grade school through high...
Not true. Pick any 10 year period between 1930 and now. S&P has averaged 7-9%/ year growth. Most recessions last 12-18 months.
Having some accessible cash is fine, maybe 6 months of living expenses.
Any more than that, you're taking an absolute beating with investing in CD's over the market...
S&P 500 over the past 10 years has returned 14%/year averaged. Leaving 10% a year on the table is brutal in particluar when considering inflation.
CD's are not worth long term investment consideration until they reach 7-9%.
Your investing strategy is ass-backwards. There is little downside to...
Correct on CD's.
That kind of advice, while better than stuffing cash in a shoe box, only tells me how little the guy offering that advice knows about investing.
Sure, in retirement having 18 months in tiered CD's is fine for living expenses/cash flow. NO way that I don't always have 60% of my...
I don't know...if you're wanting to find a NR, probably doesn't make sense to name a particular unit but rather what the tag says that they get in the mail.
The $? Could be something to that.
All solid advice on investing, although I don't necessarily agree about maxing out all your retirement account options. It's about balance and if you do it right, you can have a shitload of fun AND a shitload of money in your retirement account. Trust me when I say some hunting is much more fun...
I believe the OP said he was a resident, and he could get a free resident guide license to take up to 2 NR's a year into wilderness legally.
Also, there are lots of excellent elk hunting places in region W that are not wilderness that horses are a huge asset.
It may not be the worst idea to...