My question is as follows. I have about two point four million net worth right now with one million in brokerige, one million in tax deferred, four three b in i ra accounts and 400 thousand dollars in cash,. So i'd like to fire next summer, 20 23. And i anticipate spending about 90 thousand dollars per year, which right now is slightly under 4 %. My question is, if something like that happens and there is a massive crash, is 90 k per year still ok or not?
#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!
P.S. Got a question? Leave it here.
For more information, visit the show notes at https://affordanything.com/episode399
Learn more about your ad choices. Visit podcastchoices.com/adchoices