How much do YOU think YOU need to retire? ...and at what age will you (and spouse) retire? (Part 1)

Regarding the 2015 article, those changes perhaps didn’t rock your world but the loss of divorce benefits starting in my birth year sure put a large financial crimp on my retirement plans.

On CNBC this morning, BA is still recommened as a “buy.” It’s still a consensus “buy” recommendation.

https://www.cnbc.com/video/2018/08/16/ubs-upgrades-boeing-to-buy-with-50-percent-upside-ba-stock-price-target-515.html

https://www.nasdaq.com/symbol/ba/analyst-research

I wouldn’t sell BA.

Relax, everyone. It is a trading account. :slight_smile: Thank god it is an IRA…

I agree, it is a good company and a semi-monopoly, but I would not listen to analysts. Their buys come after their clients have loaded up. :wink:

Is anyone else worried about another market crash?

@TatinG, I can’t say I’m worried about it, but it will come. I’m a glass half full kind of guy, so I hope to see many market crashes before I die. They are natural; stay the course.

@TatinG
this is a good article to read regarding your concern about another market crash.

https://www.bloomberg.com/view/articles/2018-08-17/old-age-isn-t-what-ends-a-bull-stock-market

I dont think there will be another market “crash”, not here is the US, because there are no irrational market bubbles building that are in danger of bursting.
That said, I do think that there will be many ups and downs in the stock market in the next year or so and that equities are not likely to go much higher in the next 2-3 years, IF the fed continues to raise interest rates.
Higher interest rates will take a lot of the excess $$ sloshing around out of the stock market and channel it into treasuries and higher, safer CD’s.

Coincidentally enough, my husband showed me today a graph that shows the bull markets versus the bear markets:
https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=4ecfa978-d0bb-4924-92c8-628ff9bfe12d

statistics from it:
• The average Bull Market period lasted 9.1 years with an average cumulative total return of 476%.
• The average Bear Market period lasted 1.4 years with an average cumulative loss of -41%.

Take advantage of any change (bear or bull) to rebalance your Asset Allocation. In particular, use the opportunity tax loss harvest any losses to reset your basis.

I saw a lot of recent articles predicting a downturn in the market.

With a gazillion FA’s out there, you can find article predicting everything. :smiley:

Well, most folks predict the stock market will go up AND down, and will probably be right. =))

kinda like Bloomberg: bullish and bearish in same day.

https://www.forbes.com/sites/johntobey/2018/04/26/bloomberg-bullish-blunder-points-out-this-stock-markets-growing-risk/#657890763572

I rarely take a peek into this thread because my resources are much less than those who post here. I never had a pension but from the time IRAs were authorized until a couple of years after becoming a single parent, I contributed the maximum amount. I used to read the financial section of the NY Times and put my money into a bunch of Fidelity funds, and let it sit. I never even opened the statement envelopes during many years, especially when I was in considerable financial distress myself. But when I looked, I had around $200k. That dropped to $150k after 2008, but quickly surpassed its former value.

During my daughter’s high school years, i spent several years looking out for my dad and stepmother. My dad died just as my daughter was getting ready to leave for college. I had an inheritance of around $350k. I signed up for Vanguard Personal Advisory Services, fee 0.03 percent. with a dedicated certified financial planner I can talk to any time overseeing my investments. The minimum account is $500k to have a single advisor. From $50k to $500k, you get to talk to a pool of advisors.

Of course my funds are invested in different Vanguard index funds, and the mix is adjusted and rebalanced periodically. I have found my advisor to be very accessible and very helpful.

glad it works for you, old mom. VAS is a good service at an excellent price. Even better is that, once you become more comfortable with the verbiage and ideas, you can easily turn off PAS – no fuss, no muss.

jym: as you have found, the mars background does not have a X for a close button. I forgot the exact sequence, but usually start tapping on the compass on the regular map, or the Earth logo, and you are back home.

I’m always amused when you see articles advocating waiting until age 70 to collect SS, right next to an article saying you should collect as early as possible at age 62.

Ha, you can pick the exact right date to collect SS if you know what date you will die. I roll my eyes when I hear about FA telling people they are “leaving money on the table” making the wrong choice because no one knows all of the variables ahead of time.

And what date your spouse will die!

For sure! If only we knew when we were going to die…(actually, I don’t really want to know that),we could figure out so many things. When to take social security. When (and what survivor benefit to select) if you have a pension. How much life insurance.

It annoys me when I hear the “knowledgeable” mortgage brokers talking about reverse mortgages. “It’s right for certain people, depending upon their situation.” So… if you know for sure that you will be able to stay in your home, stay married, will live a long time, won’t go to a nursing home or assisted living, or get dementia…it’s right for you. :open_mouth:

Well, if he doesn’t get home and clean up this mess in the house rather quickly, it might be soon
:smiley:

Actually, I am totally kidding. After 15 months of involuntary retirement after a medical event, the FAA gave him back his medical certificate and he is back to work! Hallelujah, hallelujah, life is good again!

@bluebayou - can you post that in the other thread please. I will forget how you said to do it, forget where it was posted and forget who posted it!