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Strategies & Market Trends : Young and Older Folk Portfolio
SLV 83.32-1.5%Jan 15 4:00 PM EST

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To: Rarebird who wrote (863)3/15/2022 2:13:15 AM
From: chowder3 Recommendations

Recommended By
Menominee
red cardinal
rnsmth

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So far, as long as most companies are meeting or beating earnings expectations, then I'm not concerned about a longer term drawdown. There are plenty of dividends coming in every month (in excess of $20K) and that can still be put to work generating even more income.

If companies start forecasting declining earnings growth rates, then we'll have to adjust more towards a capital preservation approach and start withdrawing even more cash than is being drawn on now. That $20K per month in dividends can be withdrawn and retired from the market.

Keep in mind, older folks also have to deal with RMD's but they don't have to draw out the minimum. An extended market decline may just trigger an action that forces larger self-imposed withdrawals.
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