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- Joined
- Jun 25, 2005
- Messages
- 10,252
OK folks, my portfolio is down about 28% year-to-date even though it is less than 60% equities partly because my bond funds in my 401(k) have been real dogs.
That 28% loss is a huge amount to me. So I know all about the 4% safe-withdrawal rate and how it should be OK for the long term, but I just psychological cannot spend the same amount of money that I spent last year. I feel like I need to cut my expenses by about 30% until my portfolio recovers.
We have seen many threads where folks would say they would modify their portfolio withdrawal rate if the market tanked. This thread is to draw out those folks. In essence, have you lowered your expenses by 30%? What had to go? Also, if you increased your expenses, we'd like to know that as well.
That 28% loss is a huge amount to me. So I know all about the 4% safe-withdrawal rate and how it should be OK for the long term, but I just psychological cannot spend the same amount of money that I spent last year. I feel like I need to cut my expenses by about 30% until my portfolio recovers.
We have seen many threads where folks would say they would modify their portfolio withdrawal rate if the market tanked. This thread is to draw out those folks. In essence, have you lowered your expenses by 30%? What had to go? Also, if you increased your expenses, we'd like to know that as well.