Anonymous wrote:Just turned 60. Retired for 7 years. Spouse never worked.

NW is $8.2 million broken down as follows:

$4.5 million in IRAs
$2.1 million in real estate equity (primary residence, second home, rental property)
$1.3 million in brokerage accounts
$220k in crypto

Will also collect $57k in SS at full retirement age

Interesting to see this. The above post is where I was last year. Today my total net worth is $6.994 million, down around $1.2 million from last year. IRAs are down to about $3.9 million, brokerage account is down to $920k, and crypto (lol) is down a whopping 80 percent to $58k. Real estate equity is about the same, notwithstanding the market downturn, because I’ve paid down mortgages.

Considering my net worth today is about $2.5 million more than it was when I retired eight years ago, I’m ok with this.

(I’m the early retired big firm lawyer btw).

Must have missed this last year. Both retired last year at 55 with NW around 8mil. Our real estate rentals holding went up but our stocks went down 700-800k so I'm guess NW now about 7.2mil?

60/58 Self employed. Conservatively invested.

End of 2021
NW 5.3
(Brokerage portion 5.1 stocks/bonds/cash)

Today:
NW 5.1
(Brokerage portion 4.8 stocks/bonds/cash)

We have made up some of the loss through saving more of income.

Anonymous wrote:Interesting...i am assuming everyone has lost money in the last one year

Yep. We were at $7.5 end of 2021. Last time I trued things up (Sept 30, 2022) it was down to $6M, a 20% drop. Things have recovered since but I rather wish it goes down another 20% from here so the weak hands get flushed out and we are set up for another decade of stock market growth. We are 58/52.

We're both 58 and our net worth is around $600k. We have about $350k in our IRAs and our home equity is about $250k. Our cash on hand, investments and other savings are $5k. No retirement in sight so it's back to work after lunch

The prediction of a 30% drop was right on, although I think we are back up a bit now.

I haven't done a full update on NW but we were at $10m at the end of 2021, are probably around $8-9m today. The value of our houses is surprisingly stable (and I valued them very conservatively in our NW anyway), we have moderately conservative investments, no crypto, and also had a good financial year in 2022 so have put more into the market.

Interesting...i am assuming everyone has lost money in the last one year

One year after this last post. Those who posted what are your stats now…be interesting to see if some predictions came true. Btw one of my favorite threads.

55 both. Lost a lot in the market. Paid off house and 529 with a decent amount for child helps.

House - $750k
529 - $200k (I know it goes to child but it’s my NW currently)
$2M retirement
25k emergency - bank
200k brokerage.

Yeah DCUM poors

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

You're being dramatic. Such a massive drop is never going to happen. Ever.

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.

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

A 30% drop is high probability IMHO. The market dropped 32% in march 2020 and quickly recovered thanks to the fiscal intervention and the underlying strength of the economy. If things were different, this could have taken years to recover. Always plan for a 40% drop and be happy if it doesn't materialize.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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?

You're being dramatic. Such a massive drop is never going to happen. Ever.

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.

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

Anonymous wrote:

Anonymous wrote: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?

You're being dramatic. Such a massive drop is never going to happen. Ever.

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.

5M - I will get pension, he will get retirement compensation, we'll likely inherit some and currently have 1.5 in real estate (two houses) and looking to buy retirement home.

Anonymous wrote:

Anonymous wrote:57 YO, HHI 190K. 1.7 mil 401K, 500K home equity, 60K cash. Emergency fund depleted (I am in a medical crisis). 1 mil life insurance. Expectation is I will use the life ins. in the next year or two.

DW will will be left we with about 3 mil; she is unemployed.

I'm so sorry for your medical crisis. You seem to have planned your finances well.

+1

Anonymous wrote: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?

You're being dramatic. Such a massive drop is never going to happen. Ever.

Just turned 60. Retired for 7 years. Spouse never worked.

NW is $8.2 million broken down as follows:

$4.5 million in IRAs
$2.1 million in real estate equity (primary residence, second home, rental property)
$1.3 million in brokerage accounts
$220k in crypto

Will also collect $57k in SS at full retirement age