Thanks to Temperament for pointing out this article. One good example of not following the 3% or 4% retirement rule?
CW8888: Once we have bulk of our net worth exposed to future market cycles; how many of us dare to claim that we are able to sleep well when market crashes and wipe off 40 to 60% of our net worth?
Do I think the stock market is about to crash? Am I afraid that with Donald Trump at the helm of our ship of state the economy is at risk of going down like the Titanic?
Sure, that could happen. But that’s not why I took my dough off the table.
Back in the early 1980s, I inherited $50,000. At the time, that was so much more money than I’d ever had before that I decided I’d better educate myself about financial matters…