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Re: Stock market and Lessons 

By: Decomposed in POPE 5 | Recommend this post (2)
Mon, 20 Jan 20 2:08 AM | 55 view(s)
Boardmark this board | Pope 5 		Msg. 49383 of 62138
(This msg. is a reply to 49379 by Zimbler0)
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Zimbler0:

Re: "To take the buyout and retire . . . or hang in here . . . I dunno."Well, do you have a plan for what you're going to do in retirement? 'Cuz if you're thinking of just sitting around for a year and then going in for a little heart surgery... well, staying on the job might be the better choice.

IMO, there's a lot to be said for life after work. Some people never figure that out, though...




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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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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