Reply to My issue with stock market bubble fears

Forum Index » Money and Finances

Reply to "My issue with stock market bubble fears"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]This fear about running out of money when you are approaching retirement is just psychological. The withdrawal rate studies have already taken into account world wars, 70's inflation, 1929, etc. What you are seeing is basically people changing their risk tolerance as they get older, which is pretty common. [/quote]

It's not psychological for people who do not have massive portfolios and sitting on 8 figure NW.  It is very real.  The decade 55-65 is the most dangerous to experience financial loss, because workforce is not kind to people of this age group and it's the time when healthcare is most expensive before Medicare kicks in. Often time people take on any full time job just to get healthcare coverage, which means lower income and even less opportunity to make up for the losses.  But even this gets tough when unemployment is high.  And stock market crashes aren't usually kind to job markets unless there is some kind of government infusion gearing for mass job creation either due to infrastructure improvements or wartime economy.

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics