Thoughts about stock market stability, looming recession and leaving now with a MVO? I put in for MVO but dont know if I got it yet, just acknowledged. I can leave now, retire, and plan to take a lump sum and invest in personal IRA. Expenses low, very little debt. BUT I’m worried about the political climate, the economy etc. What are your thoughts?
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Stock and bond markets move up and down all the time. You want that when you're money stays in it for long periods. When it's down and you have dividends reinvested, you get more shares for less money. Then, when you need the money in a few years or more, they can be worth more. The S&P 500's historical average growth since 1926 has been 6.8%. Hard to beat that.
Meet with Fidelity, Vanguard, and any other investment firm you want and get a comparison from them on what they offer. You need more information to make a good decision. I did that when I took the March 2015 MVO and received valuable guidance.
If you have low expenses and very little debt, you are better off than most. The stock market being volatile and unpredictable, I would base your decision on many other factors rather than just what the stock market is doing: How old are you? How much do you have saved? Are you investments properly allocated for your age and risk tolerance? (For example, if you are 60 years old, you don’t want to have 100% of your investments in the stock market. Are you comfortable with a 60/40, 50/50, 40/60 etc. split between stocks and shorter term investments such as bonds, money market accounts, etc.?) What is the job market like where you live? If you are not ready to completely retire, are you able to make your expenses with a lower paying, or part-time, job? You don’t have to answer those here. Just trying to provide food for thought. Best of luck to you!
Look on job sites and see how well you qualify for potential jobs. Ignore the economy and stock market
Go for it. I left early with 28 years no MVO, No surplus, just an a–hole Director. Haven't looked back. enjoying life doing what I want, when I want. And WTH, you could even go walk the floors at Home Depot or Lowes part time. With your payout you have time.
I did the same. I met with my Financial Planner prior to the back out date of Dec 5th ... it was the first night I slept all. Ignite since putting my attuid in the hat!! I am of the Age 75 rule so that also helped. It has to be your choice ... questions to ponder— do you have something you love that you want to focus on, do you wNt to work somewhere else less stressing, part time, monthly payout options you can live on?!? I am finally excited for my next path and chapter. I am appreciate of past years but where we have come is challenging and I made the decision.