Quote:
Originally Posted by lewdog
Message is plan sooner, don’t wait and try to play catch-up needing “for sure gains” to meet your needs.
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That's the message I missed (or, to be honest with myself, ignored). I worked in NYC the first six years of my career ('97-'03) and only put a total of $12k in retirement. That $12k is now worth over $150k. Instead of saving, I lived the full NYC life above my means and racked up so much credit card debt that I only got clear about a decade ago. I kick myself daily for my foolishness, but have made a concerted effort to teach our three kids to emphasize retirement early.
If I'm going to retire at 65, I think I need to take the risk of no bonds. At least for the next 5-8 years. Hope isn't a great plan, but I see no other way to get where we need to be to take care of my wife after I'm gone.