MY Old Man's Brain Is Deteriorating

[Goalpost]

(06-03-2022, 06:51 PM)bfine32 Wrote: maybe he's not "losing it" maybe he's just going through a rough patch. If he has much money tied up in the market, it's likely he's taken a hit in the pocket 

I can relate to this.  I worked til 58 and retired and planned on living some on my savings 'only' until I'm 62 and social security kicks in.  My bank adviser said I could. The first 3 years have worked out fine, but this last year..the last six months... I have taken about a 20 percent hit.  Twenty percent doesn't seem like much but when it's your lifetime earnings, it's a lot.  Luckily my house has appreciated in value during this time and has offset some of this.  But 8 straight weeks of the market declining hasn't happened since the Great Depression, which we've done.  And it can stir deeper thoughts of some preservation strategies.