I have stock in Proctor & Gamble but that’s all. I lived on my 401K for four years after retiring and before I turned 62. Even though it runs up and down a lot since Biden, it’s still fairly steady and dividends are good.
We don’t owe anything. The farm has been paid off for 25 years, I paid cash for my Equinox by selling some P&G stock, and any CC’s I use online are paid off monthly to avoid interest charges. My husband and I both draw good SS checks since we both had high paying jobs. He retired at 50 and I retired at 58, many years later. He’s almost 20 years older than me.
I do worry about my stock account. Per P&G rules, I have to start taking regular distributions at 70-1/2 or cash it all out. I earned the stock accounts through P&G profit sharing. I’m really hoping President Trump is back in office by then to fix the mess FJB has caused. I’d hate to remove it under his rules.
Nicely done. My spouse 401k has taken a 9% hit so far.
We decided to keep the 20% in growth funds as to get out now,they become a total loss as keeping
is an opporunity for recovery(unless there is a marked recovery by end of year, this is the first year either fund has lost money)
I spent my 401k money on wine and women and what was left, i just blew it .
actually, i used it to pay off the car and CC debt. Over time ,we were able to pay off the house and other cars.
We are debt free and use the CC cards as a debit card to rack up airline miles or whatever, then pay ‘em off at the end of the month.
the only expenses are the “keep the lights on” stuff and insurance. My real estate taxes are abated because of my disability and retirment income is not taxed at the state level here.
I don’t see the bleeding being stopped under Pres. Biden.