Comments on: Making Your Retirement Portfolio Last Doesn’t Require Blind Luck

By: John

John — Mon, 05 Sep 2016 23:06:39 +0000

In reply to Vicki@Make Smarter Decisions.

Hi, Vicki. Thanks for your visit and comment.
Multiple streams of income is great! Since I am self employed, I don’t have a pension. And I tried a rental property once…..just once! It turned out fine (financially) but my worry-wart personality didn’t make it fun. Maybe blogging will turn into a cash cow for me!!
John

By: John

John — Mon, 05 Sep 2016 23:04:15 +0000

In reply to David M.

David,
That’s my plan, although I am considering setting aside three years in cash. Some downturns (think late 2007 to early 2009) last a little longer than average.
Great comment – Thanks.
John

By: David M

David M — Mon, 05 Sep 2016 04:02:50 +0000

Setting up a year or two expenses in cash could help insulate a portfolio during a down turn. Example, every year you withdraw 1 year with of expenses so you always have 2 years in reserves. The year the market goes down a lot you don’t take withdrawal this allows the portfolio time to recover.

By: Vicki@Make Smarter Decisions

Vicki@Make Smarter Decisions — Sun, 04 Sep 2016 10:51:38 +0000

Hi John!
Brought here from the 1500’s site! I am protecting against this scenario by having multiple streams of income. We both have pensions, but you can never be sure of what will happen. We have rental properties and retirement accounts as well. As far as part-time jobs, sure – we can be flexible and if that is what we need to do, we certainly will. And unless we have a big medical event, we can always cut expenses (by a huge amount) too!