Quote:
Originally Posted by O.city
Yeah, I’m trying.
My thought process is also that as my practice continues to grow I can hopefully make up for lost investing and retirement.
But we shall see
Mainly I’m just trying to stick to the plan we set a few years ago when I graduated. Now with this national guard thing opening up its opened a new door to shortening the replay considerably. Of course getting deployed and having to leave my practice would be devastating but it’s a risk I’m looking to take
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As long as you're not completely foregoing investing at this point you will be in a good position. Compound interest is incredibly powerful, and it is almost impossible to match it's power in only a few years preceeding retirement.
Especially when there are so many variables in those last few years of employment-we can't know what the market situation is at that point, and the prudent approach is to shift to a more conservative portfolio to mitigate the possibility of loss of principle.
I am amazed almost daily by incredibly highly educated individuals who have too much hubris to consider all the factors involved.