I havent posted in a while. I have been reading alot of blogs lately re the financial mess the country is in. Also lots of discussion about whether "it really is different this time" ( and it might be given the money gov. is spending) and that the stock market is to risky even for a 10 to 20 year time frame.
I am 54. Had planned to slow down in 5-6 years but have lost about 30% in market. Trying to decide whether to move about 60% into cds etc to make sure dont lose lots of prinicpal . Obviously worried about inflation.
What is consensus on this board? Is everyone staying the course on stocks/ bonds? Moving to cash? If a million would have been enough 5 years ago to retire , will it be in 5 more years ( I doubt it if you live 25 years in retirement and no guarantee of social security).
Is 4% still safe withdrawl rate? Everyones thoughts please.
Thanks
I am 54. Had planned to slow down in 5-6 years but have lost about 30% in market. Trying to decide whether to move about 60% into cds etc to make sure dont lose lots of prinicpal . Obviously worried about inflation.
What is consensus on this board? Is everyone staying the course on stocks/ bonds? Moving to cash? If a million would have been enough 5 years ago to retire , will it be in 5 more years ( I doubt it if you live 25 years in retirement and no guarantee of social security).
Is 4% still safe withdrawl rate? Everyones thoughts please.
Thanks