Reply to What is your net worth if you are 55 years of age

Forum Index » Money and Finances

Reply to "What is your net worth if you are 55 years of age"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]How do you guys deal with the fact that we are currently in the biggest stock market bubble in US history?  The stock market dropped *90%* from 1929-1932 and didn't recover for 25 years.  Like if you are planning to retire because you have $4 million, but then that becomes $900,000 in a couple of years, how are you anticipating or planning to adjust in that case?[/quote]

My plan works for a 50% crash at any moment and I plan for a way to pay for life without drawing down stocks for 5 years at planned spending.  If a  more catastrophic crash happened I would drag out that planned spending longer.  If there was more inflation that I expected I would rent out our in-law suite for income. My assets are reasonably diversified.
But you will run out of life if you try to plan for every worst case scenario--at some point you just have to trust that you will adapt in the moment.
And it's not a "fact" that we're in the biggest stock market bubble--that kind of thing can't be a fact, it's a way of reading the situation.[/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