I'm 67, semi-retired at 65. Moved to 50/50 at that time. We are living off our taxable account until I turn 70, at which point social security will kick in, reducing 4% withdrawals to 3%. That, plus RMDs will change our tax situation, and I'll stop doing Roth conversions, which I am doing pretty aggressively every year from 65-69.
According to the Vanguard website and Morningstar we are down approx. 5% year to date. However, a lot of this attributable to our international funds, which are all down anywhere from 16-21%. Oh, and small cap value funds are down in the mid-teens as well. Total stock market is down only 8% YTD. I'm paying the price for international and value tilts! It hasn't been worth it in the past, but I'm holding steady on these investments, and hoping the future will vindicate them.
The real issue I'm struggling with is how to withdraw from our taxable account in 2019. I'm studying McClung's book "Living Off Your Money," and the massive (438 post) BH thread on this:
McClung's Prime Harvesting would (if I understand it correctly), require living off cash/bonds in 2019, and selling no stocks. You only sell stocks when they've appreciated 20%.
McClung's system mandates purchasing no stocks (other than dividend/cap gain reinvestments) after retirement, and I'm not sure I buy this 100%. If one of my investments fell 40 or 50%, I'm be temped to buy it in one of our tax sheltered accounts (perhaps Roth IRA, where it could grow (?) for 10 years or more). But, I think I will follow McClung in our taxable account, which was invested 40/60 at the beginning of 2018.
As far as bear markets go, I lived through all of them with equanimity, never sold, only bought more. But, of course, I was working then, and balances were low so actual dollar losses weren't a very big deal. Today, being down 5% is a lot of money! I'm certainly glad (today) that I reduced risk to 50/50.
Small Law Survivor
68 yrs, semi-retired lawyer, 50/40/10 s/b/c, 70/30 dom/int'l. Plan: 4% WR until age 70, 3% after social security kicks in. Boglehead since day 1 (and M* Diehard before that) under various other names