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Re: Stock market and Lessons

By: micro in POPE 5 | Recommend this post (0)
Mon, 20 Jan 20 12:30 AM | 29 view(s)
Boardmark this board | Pope 5 		Msg. 49381 of 62138
(This msg. is a reply to 49379 by Zimbler0)
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ZIM

sorry to hear that. I suspect that if they had not ofered a buyout you would likely keep on working where you are until you were ready to retire.

It all comes down to your age and your financial status.

What would you do if you took the buyout ? Would you be interested in lokking at employment somewhere else?

That is a rather rude beginning to a new year and could be a real source of concern and some sleeplessness.

How close to retirement age are you and/or drawing Social Security benefits?

That could play a major role in your decision making process also...

Sorry to hear this Zim....


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The above is a reply to the following message:
Stock market and Lessons
By: Zimbler0 in POPE 5
Mon, 20 Jan 20 12:23 AM 		Msg. 49379 of 62138

The stock market had a good week this week. Looks like
I'm up about 2% for the week. The only things I own some
of that went down were Conoco Phillips, and At&T. Both
down a little bit. Everything else went up.

In studying my 'end of the year' numbers, I had another
lesson driven home. Stock mutual funds have the potential
to be death traps. I've tried to explain this before . .
If anyone would like me to I'll try to explain it again.

Wellsly Income fund . . A Vanguard creation I very much
like gave me another lesson this year. I was looking at
whether or not to retire this year . . . and it was
looking pretty good. Wellsly had given me a very nice
end of the year payout last year. Estimates based on that
payout happening again made things look good. Then I got
this years Wellsly payout . . . not nearly as nice as
last year.

(By the way, this is in my 401K so it usually is a few
weeks into a new year before I get the numbers.)

So, long story short, my 2020 estimated retirement income
is a few thousand dollars less than what I had estimated
last year.

Mutual Fund Payouts - especially the End of the Year payouts -
can be pretty volatile.

To cap it all off . . . My employer has offered a buyout.
And there is some question in my mind whether or not they
will still be running the operation where I am currently
employed at the end of this year.

To take the buyout and retire . . . or hang in here . . .
I dunno.

Zim.

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