When you put it into numbers versus percentages, people think a lot differently. She's talking about a 50 % down turn. Again. I don't think that's going to happen to her, right? But let's make this more realistic, paula, a ten percent down turn could. A 15% down turn could be painful. Even though that level of loss is standard operating procedure for the s am p 500, it's within one standard deviation,. meaning it's going to happening. It does happen, it will happen, it has happened, but it is so painful. So thank you, bella, for asking that question. And congrat on your upcoming retirement. We'll
#399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned?
Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value…but he is still wondering if there’s a chance that he should sell.
Meisha is making more money at her new job but can’t contribute to her 401(k) for the first six months - what should she do with her extra money in this interim??
Kyria is a young investor with multiple goals: she’s wondering how to best save for a downpayment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side.
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode399
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