Adding to this that when investment advisors talk about things like 8% return they don't mention that those are averages over the last hundred years. There are stretches where the return is zero or negative for prolonged stretches. Bad timing on one of those stretches can cripple you financially. Many forecaster are predicting that we…
Adding to this that when investment advisors talk about things like 8% return they don't mention that those are averages over the last hundred years. There are stretches where the return is zero or negative for prolonged stretches. Bad timing on one of those stretches can cripple you financially. Many forecaster are predicting that we are heading into one right now and the market may be flat for ten years. After the phenomenal growth we saw from 2008 to 2021, this seems right to me.
Plus assuming you have kids it's going to be rough for those getting started for the next decade (or longer). It would be nice to be able to help them out (buying a home for example) without threatening your own financial security. Plus you may want to leave them a nice chunk of change when you go.
Right now you are the most marketable and have the highest earning potential. Five or ten years down the road that very well might not be the case based on both the economy and perceptions that your knowledge is obsolete. Something to think about.
BTW, I'm in almost your exact same position (age, occupation, financial status, vax exemption). These are the reasons I'm still working.
Adding to this that when investment advisors talk about things like 8% return they don't mention that those are averages over the last hundred years. There are stretches where the return is zero or negative for prolonged stretches. Bad timing on one of those stretches can cripple you financially. Many forecaster are predicting that we are heading into one right now and the market may be flat for ten years. After the phenomenal growth we saw from 2008 to 2021, this seems right to me.
Plus assuming you have kids it's going to be rough for those getting started for the next decade (or longer). It would be nice to be able to help them out (buying a home for example) without threatening your own financial security. Plus you may want to leave them a nice chunk of change when you go.
Right now you are the most marketable and have the highest earning potential. Five or ten years down the road that very well might not be the case based on both the economy and perceptions that your knowledge is obsolete. Something to think about.
BTW, I'm in almost your exact same position (age, occupation, financial status, vax exemption). These are the reasons I'm still working.
Good for you! This is awesome. And smart