tutaloo wrote:You know, Redrock - I have to wonder if I would have ever thought to think outside of the box, if it hadn't been for health issues. I couldn't figure out if I was retired, or not. I'm too young to be retired. But I don't have regular income to DCA every month. Then I tried the 100 minus your age thing - again, that didn't seem to work for me, as my statistically projected lifespan is 10 years short of average (and plenty long enough, there is no angst in this for me). So how do I think about this? The drumbeat for those seeking early retirement is to afford big ticket expenditures such as exotic travel. Thankfully, I traveled all I cared too, back when I was working. My biggest issue, and one I assume you well know - is health care inflation, but more specific is those surprise unexpected big health care bills. When you don't fit in the typical box, you sort of have to figure out a box that is right for yourself and your family. That is all I tried to do.redrock wrote: I found your posts very interesting and wish you all the best in your recovery. I am a novice investor(actually all in cash and CD's) but have found the good people on this board very helpful and friendly, especially after two less than satisfactory experiences with "financial advisers". I,too, have had some health issues(colon and prostate cancers)and worry about what is best for my family. I have found this board very interesting and comforting for me. Again,all the best and try to treasure each and evry day.
Each of us has to figure out his "own box". One that fits our particular circumstances. In my own case, I am retired-age 63-with a shortened statistical lifespan and my wife is very risk averse. Accordingly, our particular investment box consists of mm funds and CD's. This certainly wouldn't be the "box"for many people but it works well for us. I also concur with your feelings on those surprise medical bills. Many of mine shouldn't be surprises, i.e., 6 month CT and PET scans,etc, but I'm still surprised when I get the copay. My medical plan pays 90% after the deductible is met. Anyhow, all the best in your recovery and in your investment strategy.