Aggression is a word that indicates you are in a position to ride the market for 20 yrs or more. If you're gonna retire tomorrow put your money in your pocket, 5 years from now, a savings account, 10 years a mutual fund with with a low aggressive profile. 20 or more years and you will be VERY WELL OFF!!!!!!!
The Beef knows Mutial funds . . . 43 been in from 16 ( saving from 9 ) over 1.4M.
The Beef
1- how much of the 1.4 million are you actually going to be able to spend? Its a fictional number. Capital gains tax is the lowest its been in god knows how many years under the bush administration( 15%) Do you thing that there is any chance this could go up?
2- what about the lost opportunity cost you have on the taxes that you pay from your account over the time that you have it. Every year the IRS gets a piece of paper from the MF company on how much you owe.
3-once you are in retirement, how do you plan on spending your money without running the chance of running out? Live off of the interest from a CD? Money market? Is there a chance that interest rates might fluctuate?
4- In the amount of time that you have until retirement, do you think there is a chance of an unforseen event happening? What if its the year before you decide to retire and another september 11 type event happens, and a third to a half of your account is wiped out. What do you do? Postpone retirement? Live off of less?
just some things to ponder the your fee based financial planners don't tell you about.