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Strategies & Market Trends : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?

To: Neil H who wrote (246)	10/9/2010 5:34:14 AM
From: Drygulch Dan	Read Replies (3) \| Respond to of 288

Neil - Some random thoughts provoked by your article. Those seven steps seemed to be heavily weighted towards financial assets and insurance. In my life I don't value insurance so heavily. In fact I consider it an expense and try to minimize it where I can. On the first point there was no mention of other assets. It has been my long term view that good real estate assets can be an alternative place to store wealth as well as derive income. Besides all that, where is the customer's yacht ? One final thought, no mention of alternative forms of money. Such as gold. A truly sound financial plan needs to consider the risk value of the dollar. I am speaking as an American heavily invested at home in the USA. The dollar and its intrinsic value has to be a factor in determining ones wealth. Consider your risk and insurance in that regard. I retired in Mar 2004, my wife retired prior to me in Dec 2003. We both have enjoyed our retirement ever since we both stopped working. We are currently struggling with establishing a vineyard in the back yard. 75 cabernet franc vines. Every hurricane season I go off to do battle with mother nature, trying to protect my sailing asset in the tropics. Family, there is always a need to assist others who may be less fortunate. In these tough times it has been our lot to be the anchor for some of our family struggling in the economic sea around all of us.