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VanguardFelix posted:I have skimmed through them, but most of it all seems targeted to starting from square 1. I don't have any debt to pay off, and my savings plan isn't exactly long term. I use humor when talking about it, like in the OP, but legitimately I will likely not make it to retirement age and even if I could I could never afford my current medical costs sans an employer subsidized health insurance. I will work until I drop dead. One of the things that often comes up is that people live longer than they expect. I am assuming your medical condition is pretty serious but I have a number of friends who have major medical problems and have lived substantially longer than their doctors believed possible. In the event that you live a longer life than expected then being able to fund medical expenses would be a huge benefit. In terms of investing I was in a similar situation last year where I wasn't sure how to invest well and not make major gently caress ups (due to some past poor decisions). It's easy to get stuck in analysis paralysis but what I would strongly recommend is reading The Four Pillars of Investing (linked in the retirement thread) as this will teach you how to invest. You don't need to be a very active investor to make good returns. It will take a while to read but you will have a completely different understanding of investing after reading it. Droo has raised an important point of why? What I also think about is what would I like to do? Is there a financial reason that I am not doing or experiencing something? I regularly review where I am at and try to change things if I think I am missing out on something.
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Oct 16, 2015 20:47
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| # ¿ May 16, 2024 16:57 |
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VanguardFelix posted:I try to remain open to the possibility of changes in my prognosis but things have been heading the wrong direction. I know the smart thing to do is plan on needing to pay for a long retirement. However the though of temporizing my life away in the hopes of retirement only to miss the mark is irritating. That said I do need to dig up my investing books and get into it again. I'm going to generally leave my 401k managed by Vanguard (unless that is a terrible terrible idea?) and actively invest with excess cashflow from work. Again thanks to everyone offering advice, hopefully things will get more interesting when it turns into a rollercoaster ride of shoddy active investing. The Vanguard account will be fine. The reason why I recommended The Four Pillars of Investing is to steer you away from active investing. It takes the effort and stress out along with making mistakes. If you active invest only use 5-10% of your total investing capital. Seriously read the book it will prepare you completely for investing.
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Oct 26, 2015 08:41
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