Bill, very helpful article. Does the “at least 3 years of cash reserve” include the drawdown part of the Market, as well as the time needed to recover to the old high? For example, if 2022 was a drawdown year (“black swan”) requiring tapping into the 3-year cash reserve, will the remaining two years of the cash reserve be sufficient to, on average, have us return to the old high, set in Jan of 2021, where we can start selling equities to fund retirement?
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Bill, very helpful article. Does the “at least 3 years of cash reserve” include the drawdown part of the Market, as well as the time needed to recover to the old high? For example, if 2022 was a drawdown year (“black swan”) requiring tapping into the 3-year cash reserve, will the remaining two years of the cash reserve be sufficient to, on average, have us return to the old high, set in Jan of 2021, where we can start selling equities to fund retirement?
Post: After the Swan Dive
Link to comment from January 4, 2023