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Reply to "What is your net worth if you are 55 years of age"
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[quote=Anonymous][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] You're being dramatic. Such a massive drop is never going to happen. Ever.[/quote] While there certainly will be a correction (several) or a crash in our future the stock market isn't set up as it was in 1929. We certainly could have another crash a la 2008, but even then there are differences in how everything works. I would guess biggest drop would be about 25%. Maybe 30%. But even those numbers for people who have retired early on something like 4M could be in for a severe wake up call. [/quote]
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