Fri 2022-Jul-01

Retirement: 2 Years In, And …

Tagged: About / CatBlogging / CorporateLifeAndItsDiscontents / COVID / Investing / Politics / Retirement

It seems I’ve been retired for 2 years now. What can 2 years of perspective tell us?

2 years of… what, exactly?

I’m a little disturbed that I don’t have an answer to that question.

I retired in 2020-July, right into the teeth of the pandemic, lockdowns, and anxiously awaiting vaccination. We stayed home, had Zoom meetings, got groceries delivered (and tipped well to the people taking that risky job), and so on. It was not… typical of the ways I’d imagined retirement.

(How did I imagine retirement? Academic libraries, seminars. Maybe an adjunct professor teaching statistics to undergrads – on the theory that they may one day encounter some evidence and should have some idea of what to do with it. With adjournments to Club Med a couple times a year. And I had sort of hoped to work on future President Elizabeth Warren’s campaign. Silly me.)


Log-scale portfolio values over time I watched our retirement portfolio plunge in 2020, then soar… and now plunge again in 2022. Yes, I held and rebalanced. No, I didn’t like it.

  • The horizontal axis is time, going back about 20 years.
  • The vertical axis is retirement portfolio value, as a percent of what became our eventual goal. That is, retirement could happen when this reached 100%.
    • Note the log scale on the vertical axis: exponential growth will appear as a straight line. Oddly, that’s what happened, despite gradual tempering of the asset allocation and even a switch from accumulation to decumulation.
  • The blue points show 2ce-yearly snapshots (except during the Great Recession, when I was too despondent to keep track).
  • The line is a least-squares fit, with confidence interval and prediction interval shown in shades of blue.
  • The line crossed the retirement threshold about when I retired, not entirely by coincidence.

Note the last data point’s plunge in the first half of this year, back toward the threshold. That’s… nerve-wracking. Nobody’s happy to see stuff like that, though most people bury their heads in the sand and refuse to look. At least I’m trying to be truthful with myself here.

The Weekend Publisher

The Weekend Publisher, having happily finished a  play session with his people The cat is the only household member happy with this state of affairs, since it meant he got to have both his care-givers at home and available full-time. I mean, look at the magnificent bastard: at least he’s happy. (Mostly.)

The Crummy Little Blog That Nobody Reads (CLBTNR)

And I’m somewhat happy about this CLBTNR. Though I do wish it were somewhat more widely read, maybe commented or cited elsewhere a bit more often. At any rate, I’m happier with the blog than I thought I’d be: I thought I’d struggle to have something to say once a week, and that appears to have been no problem at all.

It’s led to a minor change in mind-set: when I see a bit of interesting news, I think: Should I really believe that, and how would I persuade others to “believe it or not”?

The Weekend Conclusion

So, yeah: I really dunno.

I do know we both desperately want a more normal life than the last couple years have been. A life filled with less pandemic, less American fascism & Republicans, less war, less steep economic inequality, less anti-intellectualism, … less of a lot of noxious things. Less of society sliding back into the ignorant mud.

I do know how to get vaccinated. I do know how to vote.

What I don’t know is how to get enough of my co-citizens to do either of those things in the proper direction. I don’t even understand why they won’t get vaccinated and won’t vote more lefty. Or, at least, reject the fascism that’s au courant among Republicans. Basically, I don’t get the wooden-headedness that seems so much worse in the US now than ever before in my life.

In the words of one of my favorite historians, Barbara Tuchman in The March of Folly [1] [2] [3]:

Wooden-headedness, the source of self-deception, is a factor that plays a remarkably large role in government. It consists in assessing a situation in terms of preconceived fixed notions while ignoring or rejecting any contrary signs.

That’s American Republicans, right there. Maybe the wooden heads require an application of termites?

Sorry, that’s everything I got nowadays. Yes, it’s dark. The times are dark, and apparently so am I, despite attempts to “show an affirming flame”, short of setting wooden heads afire.

Notes & References

1: B Tuchman, The March of Folly: From Troy to Viet Nam, Knopf, 1984.

2: C Lehmann-Haupt, “Review of The March of Folly, New York Times, 1984-Mar-07.

3: J Meacham, “Barbara W. Tuchman, Folly and the Stream of History”, New York Times, 2018-Mar-14.

Published Fri 2022-Jul-01

Gestae Commentaria

Weekend Editor, Mon 2022-Jul-04 12:47

While the Greek there is doubtful, the “Ahyup” is pristine-pure New Englander. You never really leave New England. :-)