04-30-2022, 08:11 AM
I haven't updated this for awhile....
Had my 59 1/2 birthday last weekend. I can now withdraw from IRAs penalty free. I will do so this week. I hate to touch the accounts but pension checks are still six months away.
What a scary market time to retire! My timing has always been mediocre. Out of self preservation I lightened up on equites months ago on every brief market run that brought my stocks up. I sell a LOT of puts with strikes WAY out of the money most of the time. That has been very effective so far. Sure beats getting crushed like I would have holding all my stocks through this beat down.
I hate staring at a computer monitor so much, but it pays 5X my HD pay so this is my life for a few more months. I opened 167 option contract sales in March. It workedout wonderful with the volatility but it was work. I can make it less complicated when I choose to, and spring is coming soon so I can play outside.
Had my 59 1/2 birthday last weekend. I can now withdraw from IRAs penalty free. I will do so this week. I hate to touch the accounts but pension checks are still six months away.
What a scary market time to retire! My timing has always been mediocre. Out of self preservation I lightened up on equites months ago on every brief market run that brought my stocks up. I sell a LOT of puts with strikes WAY out of the money most of the time. That has been very effective so far. Sure beats getting crushed like I would have holding all my stocks through this beat down.
I hate staring at a computer monitor so much, but it pays 5X my HD pay so this is my life for a few more months. I opened 167 option contract sales in March. It workedout wonderful with the volatility but it was work. I can make it less complicated when I choose to, and spring is coming soon so I can play outside.