The “new” stock market does not like hopeful retirees. We must accept that. What happened last week and yesterday (Aug 8) is precisely the reason why I do not trust the equity markets to provide for our “must have” income in retirement. It is also the reason why I created the Failsafe Retirement Plan and use it myself. So what will you do in response to this most recent negative market move? Nothing? Just add yet more years to your “I can’t retire yet” plan?
< Before you resign yourself to a longer working life while you wait for the next round of bad news from the market, I recommend that you go back and read a few other posts I’ve written on the subject of equity market investing for retirement income.
It is not in your interest to blindly accept the advice of the conventional investment community about providing for your basic retirement income needs. You must think for yourself and some of that thinking needs to be “outside the box.”
It is never too late or too soon to do the right thing.