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

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[quote=Anonymous][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]

30% correction? We just turned 50 with $4M plus paid off home and prepaid college for one child. If there is a 30% drop we will be in trouble. Our biggest expense would be health. I think from what I calculated no more than $2-3k a month for two adults and a child (in 4th grade) in Nova. We were hoping for 6% ROI on $2M of that which is brokerage accounts. Kept $6k for modest. travel [/quote]

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