Hi Johnny,
We're on the same page.
FWIW, when I hit retirement I thought I had prepaired for it.
Financially I had committed to my 401K's in my work times, that I turned into IRA's at 58.5 years of age.
That being said, it took me 1 to 2 years to mentally get comfortable with my retirement.
I never accepted the draw 4%,and you'll be OK.
I still expected to continue my wealth building to comfortably be "retired".
It took another 2 years or so to be comfortable that I'd continue to build wealth even if the equity market collapsed.
It meant NO MARGIN and a dividend revenue stream that would cover my cost of living expenses so no draw down was necessary.
I got into fixed income with Preferred shares with my dividends for a year or so.
My thinking was if I died, my wife would have 6 years before the calling back of the prefereds could occur.
That would give her a time period to be safe from forced selling.
I set it up so the income from prefereds would cover taxes, insurance of our assets, and the cost of utilities. We lived frugally till our SS hit at 70,
My retirement, although planned for hit, me mentally by surprise. I gave it my best shot at building a nest.
That being said, my mind did NOT keep up.
It just took a while to settle into my mind.
I'm not sure if that is unusual - but that is my story, and it is just that - how I evolved and felt.
I think you are well on your way!
One interesting view is now that we live longer, you must be more into equities than fixed after retirement.
I buy into that idea, but with success in equities, the after tax gains can reasonably go into fixed.
If one does well with that, and you build your fixed income, it gives you confidence to buy the dips on stocks you like, like AMKR.
Does anyone really think that an OSAT like AMKR will not have more chips to test in tomorrow's world?
'Thanks for your contributions on the DOG show Cohu.
They are conservative ,debt free and serve a market with excellence.
My kind of stock, I just wish they paid a dividend like they used to, albeit small.
I dumped a bunch of it for an equal swap with BRKS and XOM, and only wish I had done more.
That dog will shine once again and gladly I'm on a double from a long time accumulatio of it below 12.00.
I thank you for your posts here ,as they have great value to me and I'm sure many others .
Warmest Regards
Bob |
