Subject: Re: 100% Stocks
"Only if you have no other sources of income and are 100% dependent on withdrawals from your investment portfolio."

Which for early-retirement is the likely scenario until SS kicks in.

...for dumb people.

Non-dumb people[*] don't voluntarily retire early unless they are *very* sure that they have solid coverage of their living expenses until later income sources come onstream.

Early SS comes online at 62.
Pensions come online at almost any age after you meet the age threshold.

And that's got nothing to do with your fixed-income asset allocation. That's got to do with cash in the bank. It's the long term equivalent version of Emergency Fund.

It is called "F.I.R.E." for a reason, and not just "R.E."
Financially Independent Retired Early.


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[*] There were plenty of people who erroneously thought they were non-dumb during the late-1990s due to the dot-com boom.