If you're far off like me, this is a great time to buy. I have too much time in front of me to worry about standard market fluctuations. We tend to overlook the long road up and only focus on the little backslides. Look how far we've come in the past few years.
I would hope that anyone close to drawing would be invested in such a way as to protect their principle and these downturns don't have much direct impact on recurring income.
IMHO it's kind of like sledding. The ride downhill is exhilarating but I just hang on tight. The uphill climb seems to take a lot longer and getting back to the top of the hill is always nice.
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Mike and Tina
1981 Boston Whaler 13'