shotgunner
Full time employment: Posting here.
- Joined
- Jun 18, 2008
- Messages
- 534
Trying to find calm in the midst of a storm. S&P 500 is down more than 24% today from it's October high. I am semi-retired and have a fairly conservative portfolio with a 50/50 mix of equities and bond/cash. It seems it has performed at that rate as I am down 12.4% from my October '07 high.
Stinks to see it go down.
My mind is at ease as I have a 7 year cash cushion that will take me to 59 years old without any income from P/T work. I have set a mental fail safe point that if the equity portion of my portfolio falls an additional 25% from where I am at now I will cash out and have complete security until age 66 where I can take the max social security. Hopefully 403b, IRA and Annuity will have grown over those 14 years to provide a comfortable life from age 66 forward. None of this plan uses or considers the equity in my home which I am saving as a fail safe.
How are you doing and what are your thoughts?
Stinks to see it go down.
My mind is at ease as I have a 7 year cash cushion that will take me to 59 years old without any income from P/T work. I have set a mental fail safe point that if the equity portion of my portfolio falls an additional 25% from where I am at now I will cash out and have complete security until age 66 where I can take the max social security. Hopefully 403b, IRA and Annuity will have grown over those 14 years to provide a comfortable life from age 66 forward. None of this plan uses or considers the equity in my home which I am saving as a fail safe.
How are you doing and what are your thoughts?