Name:   MartiniMan - Subject:   Dementia Joe is not running anything Date:   5/25/2022 1:53:56 PM (updated 5/25/2022 1:55:35 PM)

Depends on how big your nest egg is, whether you have another source of income like a pension and how long you live.  For lots of retirees if you think you'll live a long time and don't have enough cash to live on paltry interest income you often have to stay in other investment vehicles that generate a return of more than 0.5% but also come with more risk.  If you can live on cash and what it returns, especially with inflation at 8% I suspect you are smiling right now.   I also suspect those on annuities, which I think you were referring to in your post I also suspect you are smiling.  But over the long run annuities are too expensive IMO.

Having said that, even with a market correction of 20% you would still be above what you were two years ago......but not two months ago though when we were all fat, dumb and happy talking about our investing genius.  Kudos to any retiree that planned well, sacrificed and saved so they can get off the ups and downs of the markets and still maintain their standard of living.....I suspect based on what I've read they are in a small minority.