Comments on: My favorite writings of February 2008 http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html Financial independence, frugality, self-sufficiency, ecology, capitalism, and voluntary simplicity Tue, 06 Jan 2009 00:58:42 +0000 http://wordpress.org/?v=2.7 hourly 1 By: claire http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html/comment-page-1#comment-701 claire Sun, 09 Mar 2008 19:04:17 +0000 http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html#comment-701 Jacob - IMHO 10k a year is simply unrealistic and unsustainable unless you live a bare bones lifestyle, which is of course a theme of your blog. Jacob - IMHO 10k a year is simply unrealistic and unsustainable unless you live a bare bones lifestyle, which is of course a theme of your blog.

]]> By: Steve Austin http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html/comment-page-1#comment-650 Steve Austin Thu, 06 Mar 2008 16:10:13 +0000 http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html#comment-650 If someone has the capacity to accumulate $1M, then that someone has the capacity to figure out how to grow that nest egg faster than inflation. Thus income from the nest egg grows faster than inflation. Part of the assumption on the part of the mainstream financial advisory (MSFA) is that "safe", fixed-income vehicles will dominate the retirees portfolio. Well, early retirement quickly guns down that option. A retiree's portfolio must grow to last, and if one retires early then one learns how to grow it. Once that is learned, they why is there any need to shift into a fixed-income configuration at age 60 or 70 or ever? Just keep on going, keep growing it. That's where one finds safety in retirement. If someone has the capacity to accumulate $1M, then that someone has the capacity to figure out how to grow that nest egg faster than inflation. Thus income from the nest egg grows faster than inflation.

Part of the assumption on the part of the mainstream financial advisory (MSFA) is that “safe”, fixed-income vehicles will dominate the retirees portfolio. Well, early retirement quickly guns down that option. A retiree’s portfolio must grow to last, and if one retires early then one learns how to grow it. Once that is learned, they why is there any need to shift into a fixed-income configuration at age 60 or 70 or ever? Just keep on going, keep growing it. That’s where one finds safety in retirement.

]]> By: Jacob http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html/comment-page-1#comment-648 Jacob Thu, 06 Mar 2008 15:39:06 +0000 http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html#comment-648 @claire - I disagree. One million is too much reserve for a $10,000 withdrawal rate even when considering inflation. These people are not talking about a million in the future (at least I hope they aren't). They are talking about a million now, as in "I have a million, can I retire". If they have a million now, in the future, this million will have grown. The only inflation I am worried about is hyperinflation. @claire - I disagree. One million is too much reserve for a $10,000 withdrawal rate even when considering inflation. These people are not talking about a million in the future (at least I hope they aren’t). They are talking about a million now, as in “I have a million, can I retire”. If they have a million now, in the future, this million will have grown. The only inflation I am worried about is hyperinflation.

]]> By: claire http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html/comment-page-1#comment-647 claire Thu, 06 Mar 2008 13:32:07 +0000 http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html#comment-647 I think the main reason that "they" say that you need a million dollars to retire is because of inflation - not so much to buy more stuff - lets face it the average person is not an investor - if it is true early retirement then inflation can really destroy a nest egg over time - 1 million dollars in 30 years time is going to have significantly less buying power. who wants to have to go back to work at 60? I think the main reason that “they” say that you need a million dollars to retire is because of inflation - not so much to buy more stuff - lets face it the average person is not an investor - if it is true early retirement then inflation can really destroy a nest egg over time - 1 million dollars in 30 years time is going to have significantly less buying power. who wants to have to go back to work at 60?

]]> By: Steve Austin http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html/comment-page-1#comment-611 Steve Austin Mon, 03 Mar 2008 16:11:29 +0000 http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html#comment-611 Take some red wine and a little cheese with your Saltines! ;-\ I wish to be clear that Saltines aren't so bad. I suspect that I write like a dirt-and-gravel road tastes. ;-\ Take some red wine and a little cheese with your Saltines! ;-\

I wish to be clear that Saltines aren’t so bad. I suspect that I write like a dirt-and-gravel road tastes. ;-\

]]> By: Jacob http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html/comment-page-1#comment-608 Jacob Mon, 03 Mar 2008 15:19:31 +0000 http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html#comment-608 @steve - I'm gonna go out in my car and cry a little now :-D @steve - I’m gonna go out in my car and cry a little now :-D

]]> By: Steve Austin http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html/comment-page-1#comment-604 Steve Austin Mon, 03 Mar 2008 05:37:05 +0000 http://earlyretirementextreme.com/2008/03/my-favorite-writings-of-february-2008.html#comment-604 ERE, you write like saltine crackers taste, but I agree with most of what you write. Is that more believable? ;-\ ERE, you write like saltine crackers taste, but I agree with most of what you write. Is that more believable? ;-\

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