TheTimeLord wrote:VictoriaF wrote:TheTimeLord wrote:VictoriaF wrote:The Retirement Class of 2014 has 59 members. The 2015 class already has 51 members. I am sure it can surpass the last-year class by the time the year is over.
How are recent retirees dealing with the corrections. Figure most would be down around 5% since retiring not counting distributions. Wondering what techniques they are using to adjust or are they still in a wait it out mode?
In my case, there is very little impact from the stock market decline. I hold a lot cash and fixed income to supplement my pensions and to pay for Roth conversions. As I am approaching the end of the first year in retirement, I am realizing that I have significantly under-spent my budget.
Definitely would expect the folks on pensions or SS to be much less effected. But the early retirees would likely be living virtually entirely off their portfolios.
I am an early retiree with a long way before I will start collecting Social Security. And precisely for this reason my portfolio is overweighed in fixed income making me antifragile to the market behavior.