Ask Paula: The stock market is down - Can I still retire?

Published: Aug. 31, 2022, 6 a.m.

#399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned?\nSam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value\u2026but he is still wondering if there\u2019s a chance that he should sell.\nMeisha is making more money at her new job but can\u2019t contribute to her 401(k) for the first six months - what should she do with her extra money in this interim??\nKyria is a young investor with multiple goals: she\u2019s wondering how to best save for a downpayment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side.\nFormer financial planner Joe Saul-Sehy and I tackle these four questions in today\u2019s episode.\nEnjoy!\nP.S. Got a question? Leave it here.\nFor more information, visit the show notes at https://affordanything.com/episode399\nLearn more about your ad choices. Visit podcastchoices.com/adchoices