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Reply to "What do people do when a serious downturn happens 5 years or so before retirement?"
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[quote=Anonymous][quote=Anonymous]What do people do when a serious downturn happens 5 years or so before retirement? I feel like people are becoming more and more aggressive investing in equities and even when people "diversify" when closer to retirement they are still heavily invested in equities. So say you are retiring in 5 years and you don't have the multiple millions that the standard user on this forum has, what steps do take to recover financially?[/quote] We are in that "neighborhood". One retired and another to retire in maybe the next 4-5 years. I want a serious downturn to happen before that so our portfolio can be stress-tested, real world. I am sitting on a bunch of cash so i can load up on good stocks as well..[/quote]
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