Even investors with plenty of assets for retirement still need to adjust to the reality of no longer getting a paycheck, says Michael Kitces. For all Morningstar videos: www.morningstar...
Hmmm, I've actually found that not wanting to have a lot of cash in the bank has served me well. Any time I get too much cash it goes into stock or real estate. I hate holding cash. Positive cash flow is what I go after.
Interesting comments. Objectively I think I'm in good shape but I do fret when the old checking acct gets low. It's silly but I still obsess over a bucket I can refill any time I want.
I think your best option is to buy dividend paying stocks. The dividend aristocrats. Live on dividends and social security in retirement and practice a more minimalist lifestyle. How much shit do we need? I have been dumping as much crap that I own this year. I’ve thrown out half of what I accumulate and I can say I don’t miss any of it. I read the average American has over 3500 things in their home or possession.
Hmmm, I've actually found that not wanting to have a lot of cash in the bank has served me well. Any time I get too much cash it goes into stock or real estate. I hate holding cash. Positive cash flow is what I go after.
This is great content! Thank you! Keep it up!
Interesting comments. Objectively I think I'm in good shape but I do fret when the old checking acct gets low. It's silly but I still obsess over a bucket I can refill any time I want.
Unlikely but not impossible. Am retiring in ~3 months so it wouldn't make any difference to me anyway.
FANTASTIC overview! :)
NOOO annuities!
I think your best option is to buy dividend paying stocks. The dividend aristocrats. Live on dividends and social security in retirement and practice a more minimalist lifestyle. How much shit do we need? I have been dumping as much crap that I own this year. I’ve thrown out half of what I accumulate and I can say I don’t miss any of it. I read the average American has over 3500 things in their home or possession.
I recommend to listen to Ben Felix’ “irrelevance of dividends” before overweighing dividend paying equities.
Because the return on annuities suck.
Well..., it could still be better than the return on bonds and may even be less unattractive as it seems on a risk-adjusted basis vs equities.
Two words. Partial annuity.
So glad Keith left Wernham Hogg.