Righto wrote:
UsedToBeKnowItAll wrote:
Because "significant risks" in the market don't exist. They are a myth.
Yes the market meltdown of 2008-2009 is a myth, just like the 1929 crash and the Depression of the 1930s and the 2000-2002 meltdown.
If you look at those in isolation, they are a risk. But if you look at them in any sliding 25-year window, they are bumps in the road. And if you're retiring correctly, your portfolio is just a sliding 25-year window that really continues to grow indefinitely. Like I said, if you retired right before the recession in 2008, and had all your money in the SP500, and were withdrawing 4%, you'd be totally fine right now. So, where's the risk?
Worst case timing, and one of the worst recessions in history, and you come out 10 years later, totally fine. Most of the time, you will do much better than that.