Comments on: Investing for Retirement? Use (Don’t Lose) Your Emotions (Part I) http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/ WealthPilgrim.com - A Journey To Self, Health and Wealth Tue, 07 Feb 2012 14:29:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Neal http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2192 Neal Wed, 30 Sep 2009 23:33:12 +0000 http://wealthpilgrim.com/?p=4299#comment-2192 You are all putting together great ideas...I'm going to do an entire post on this Tuesday. Keep the ideas flowing! You are all putting together great ideas…I’m going to do an entire post on this Tuesday.

Keep the ideas flowing!

]]> By: RJ Weiss http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2191 RJ Weiss Wed, 30 Sep 2009 19:30:12 +0000 http://wealthpilgrim.com/?p=4299#comment-2191 My 4th option for Denise would be to educate her. Denise's current risk tolerance is fairly small. Show her a simulation on how far she would likely get with $171,000 in cash including inflation. Hopefully, this will persuade her not to withdraw the money. Option C is fairly close to where she should have been in the first place so close to retirement. Although, I would have invested in long-term instead of short-term bonds. My 4th option for Denise would be to educate her. Denise’s current risk tolerance is fairly small. Show her a simulation on how far she would likely get with $171,000 in cash including inflation. Hopefully, this will persuade her not to withdraw the money.

Option C is fairly close to where she should have been in the first place so close to retirement. Although, I would have invested in long-term instead of short-term bonds.

]]> By: Evan@myjourneytomillions http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2187 Evan@myjourneytomillions Wed, 30 Sep 2009 17:21:43 +0000 http://wealthpilgrim.com/?p=4299#comment-2187 Evolution, Everyone (most PF Bloggers - not Neal) Rip apart the annuities because of the fees, but those fees might have guaranteed that this client had a lot more than her $120K Evolution,

Everyone (most PF Bloggers – not Neal) Rip apart the annuities because of the fees, but those fees might have guaranteed that this client had a lot more than her $120K

]]> By: Evolution of Wealth http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2186 Evolution of Wealth Wed, 30 Sep 2009 16:38:46 +0000 http://wealthpilgrim.com/?p=4299#comment-2186 Evan, I have to say I was asking the same questions. An annuity with downside protection might be just what she needs. It would give her market participation with guarantees since she is probably hoping to retire in 10 years or so. Yes there would be extra fees for this. She also just might be willing to pay a little extra for her peace of mind. Evan, I have to say I was asking the same questions. An annuity with downside protection might be just what she needs. It would give her market participation with guarantees since she is probably hoping to retire in 10 years or so. Yes there would be extra fees for this. She also just might be willing to pay a little extra for her peace of mind.

]]> By: Evan@myjourneytomillions http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2185 Evan@myjourneytomillions Wed, 30 Sep 2009 16:10:06 +0000 http://wealthpilgrim.com/?p=4299#comment-2185 Neal, At this point, I would have to do something the lines of A & C. I would look to her other assets, does she have a whole life policy that the cash can be used until the market recovers? Does she have an annuities that can provide for the years until the market recovers? Those products which are normally hated upon on personal finance blogs - could save her. Kind off topic! but I usually am lol Neal,

At this point, I would have to do something the lines of A & C. I would look to her other assets, does she have a whole life policy that the cash can be used until the market recovers? Does she have an annuities that can provide for the years until the market recovers?

Those products which are normally hated upon on personal finance blogs – could save her.

Kind off topic! but I usually am lol

]]> By: Neal http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2184 Neal Wed, 30 Sep 2009 16:02:39 +0000 http://wealthpilgrim.com/?p=4299#comment-2184 Maybe it's a payola deal.. I don't know if companies have to pay in order to be listed or what. Maybe it’s a payola deal.. I don’t know if companies have to pay in order to be listed or what.

]]> By: Daniel Packer http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2182 Daniel Packer Wed, 30 Sep 2009 15:29:18 +0000 http://wealthpilgrim.com/?p=4299#comment-2182 Absolutely. For my personal situation, it doesn't really make much sense, other than feeling good about an extra $20-$30 a year. Maybe in a few years when I have more in savings, but I like ING and now is not the right time to change. Still, how is it that sites like <a href="http://www.money-rates.com/savings.htm" rel="nofollow">this</a> don't list them? They seem to be flying under the radar somehow, and I haven't read anything about them on any personal finance blogs. I'm just a little confused, that's all. Absolutely. For my personal situation, it doesn’t really make much sense, other than feeling good about an extra $20-$30 a year. Maybe in a few years when I have more in savings, but I like ING and now is not the right time to change.

Still, how is it that sites like this don’t list them? They seem to be flying under the radar somehow, and I haven’t read anything about them on any personal finance blogs. I’m just a little confused, that’s all.

]]> By: Neal http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2180 Neal Wed, 30 Sep 2009 15:22:02 +0000 http://wealthpilgrim.com/?p=4299#comment-2180 Daniel, I'm going to defer my response to your well thought out comment. On AMEX.....I think if you have enough money .5% can certainly make a difference. But you have to see if the effort is worth the payoff....right? Daniel,

I’m going to defer my response to your well thought out comment.

On AMEX…..I think if you have enough money .5% can certainly make a difference. But you have to see if the effort is worth the payoff….right?

]]> By: Daniel Packer http://wealthpilgrim.com/investing-for-retirement-use-dont-lose-your-emotions-part-i/#comment-2178 Daniel Packer Wed, 30 Sep 2009 14:56:07 +0000 http://wealthpilgrim.com/?p=4299#comment-2178 Thanks again for another great post. I'd have to say stick it out. Putting half away won'tmake her feel much better if here $171,000 becomes $120,000. She probably won't be thinking about how she's lucky and that it could have been worse. On another note, I saw that <a href="http://personalsavings.americanexpress.com/" rel="nofollow">American Express</a> has savings accounts at 1.85% APY. Is this some sort of secret the world has been missing? Isn't this clearly superior to the 1.30% ING gives? What am I missing here? Thanks again for another great post. I’d have to say stick it out. Putting half away won’tmake her feel much better if here $171,000 becomes $120,000. She probably won’t be thinking about how she’s lucky and that it could have been worse.

On another note, I saw that American Express has savings accounts at 1.85% APY. Is this some sort of secret the world has been missing? Isn’t this clearly superior to the 1.30% ING gives? What am I missing here?

]]>