JackJester
Recycles dryer sheets
I think we have finally begun this inevitable Bear. The S&P 500 peaked Sept 20 at 2930 and is falling. I’m in this OMY or TMY mode right now, but I’m also banking on a 3.5 SWR, and SORR is a concern if i want to maintain a nice/current life in my high COL area of Seattle. I’m only 51. When I punch out I want to do it for good and not have to go back and be a Walmart greeter. Plus, I love living in the great PNW. But, everday is precious; “The future is uncertain and the end is always near.” A handful of close friends have died or are battling cancer.
The Plan: With the average Bear market lasting approx. 18 mo, then I think the bottom of this Bear will be somewhere around March 2020; S&P 500 at 2344 (-20%). Therefore, I should work for the mega corp man until March 2020 and then FIRE. During now and then I do some major DCA, load up on Dividend ETFs for the after tax account, and reap the benefits of the 401K employer match. I’ll be 53 and DW 57 by then. I can do it even though my heart wants to FIRE now!
The Plan: With the average Bear market lasting approx. 18 mo, then I think the bottom of this Bear will be somewhere around March 2020; S&P 500 at 2344 (-20%). Therefore, I should work for the mega corp man until March 2020 and then FIRE. During now and then I do some major DCA, load up on Dividend ETFs for the after tax account, and reap the benefits of the 401K employer match. I’ll be 53 and DW 57 by then. I can do it even though my heart wants to FIRE now!