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Reply to "“I’m scared to retire into a bear market”"
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[quote=Anonymous]My retirement planning includes two years of expenditures in cash in a separate money market fund. That means when I retire I can tap into the cash fund for living expenses and not touch any of the investments. If I happened to retire in a bear market, the investments are not going to be touched at all. If it's a normal to good market, what I will do is to live off the cash for the first year while withdrawing the following year's expenditures from the retirement investments, and so forth for each subsequent year. If the market goes south, I then I don't withdraw from the retirement funds (outside any RMDs) and live off the cash until the market starts recovering. In summarize, I will always have two years' worth of cash in a cash account to cover the living expenses to ride out any bear markets and it also allows me to plan ahead more easily. [/quote]
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