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I'm 58. The only reason I haven't already made the decision is because, well, I've never retired before. It's hard to know that you've got enough to last the ne
by mud_dauber 8y ago
I'm 58. The only reason I haven't already made the decision is because, well, I've never retired before. It's hard to know that you've got enough to last the next 30+ years.
I've three income legs - pensions, SS & 401K money. Each has its own perils; all of them seem to have the US's growing instability at their core. Being an expat is looking better and better.
- ensignavenger 8y agoHave you considered transferring some of your 401k funds to foreign funds? Perhaps that would help you to feel more diversified?
- mud_dauber 8y agoIt's an option, but not enough make a major dent. (IMO.) But thanks for tickling that corner of my brain.
- CompelTechnic 8y agoIf you actually want to know the likelihood of your retirement income sources failing use firecalc.com. The U.S. descending into anarchy is unlikely. The way you are talking it sounds like you're flying by the seat of your pants and feeding into your own paranoia, even though you may be just fine. The backtesting data used in firecalc includes the Great Depression, so is likely to already include your worst nightmares.
- mud_dauber 8y agoWe actually use a similar tool via our Financial Advisor. It Monte Carlos a probability of meeting our goals and says we're >95%. So you may be right.
- gdubs 8y agoHaving a hard time imagining an economic safe haven that wouldn't be greatly affected by a US economic collapse.