The Investment Thread

[Jimbo]

13 hours ago, TwinsBrewersWorldSeries said:

For the folks close to retirement, that could be really scary to have a good third of your portfolio evaporate overnight…

I’m a ways off from that, so not worried about a correction, but that really could hammer a lot of people.

I'm getting close to retirement and I say just get it over with.  I'm mentally prepared for it.

 

[TwinsBrewersWorldSeries]

25 minutes ago, Jimbo said:

I'm getting close to retirement and I say just get it over with.  I'm mentally prepared for it.

 

Fair enough.  I have a couple colleagues that are close, still in relatively stable 70/30 stocks/bond mix, but between some cash savings, social security income, and plans to do some part time consulting,  both are in a position to hold Off 3-5 years on making any IRA withdrawals if the market tanks.

our financial advisor routinely tells us, that if we’re willing to cut back on spending (if needed), and have the ability to earn some part time income, we can weather just about anything in retirement.  The key of course is the “sequence of withdrawals” or whatever it’s called, that we should be rock solid so long as we can avoid taking a big distribution from our stocks portfolio in a market downturn.