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From NEFE: Getting to that first day of retirement is much more complicated than just picking up the gold watch, final check, and settling down to a leisurely life of traveling the world and playing golf. Brent A. Neiser, director for the National Endowment for Financial Education (NEFE) Strategic Programs and Alliances department, says soon-to-be-retirees have a number of questions they need to answer for themselves before actually "pulling the retirement trigger." On top of the list, deciding the not-so-simple question of when to retire can make a significant difference in how much money they'll actually have in retirement. Most fall into the trap of taking Social Security too early, which "can take a third off of someone's lifetime inflation-adjusted Social Security income." ...
From PathtoInvesting.org: When you write, or sell, a call option but don't own the underlying instrument, such as a stock in the case of an equity option, the option is described as naked. Similarly, you write a naked put if you don't have enough cash on hand or in liquid investments to purchase the underlying instrument. The risk you run, however, is that the option holder will exercise the option. If that price of the underlying instrument has moved in the opposite direction from the one you expected, meeting your obligation could result in a substantial net loss. Because of this risk, your brokerage firm may limit your right to write naked options or require that you write them in a margin account ...
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