Quote:
Originally Posted by ValerieJo
I have 3 more years until I can retire (provided everything doesn't take a crap). I absolutely hate my job, but they pay me a lot of money to be here and it's a mile from home and I have decent vacation time.
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A "lot" to me is seven figures per year. To others, it might be higher… don't know. So, if you're making that kind of coin, suck it up for as long as you can take it, then retire and don't look back. If you've been doing that well for years, you ought to be fine in retirement, whenever you choose to take it.
As for "everything taking a crap"??? Is "everything" the broad stock market? The world? The US economy?
At three years prior to planned retirement, I'm sure you have a laddered bond portfolio (avg maturity of about 7 years?) and you should be fine when rates inevitably begin to rise. As a matter of fact, it will be an epic (perhaps once in a lifetime) opportunity in the bond market when rates rise. Cash is king when opportunity knocks. Panic will be widespread and so will be the opportunity. Patience.