How Bad Could This Get? https://awealthofcommonsense.com/2025/04/how-bad-could-this-get/. I’ve lived through several stock market crashes. And to think I started the day reading up on the latest U of Michigan healthy aging poll.
Working adults age 50 and older commonly reported these reasons for working as being very important:
- Have financial stability (78%)
- Save for retirement (65%)
- Get access to health insurance (59%)
- Support family members financially (52%)
- Maximize Social Security benefits (46%)
Link: https://www.healthyagingpoll.org/
How about adding these bullet points to the list:
- Working past age 50 enables you to weather stock market volatility better
- Working past age 60 enables you to have financial stability when the stock portion of your retirement portfolio loses value
- Working past age 70 enables you to say I’m glad to be still working when the stock portion of my retirement portfolio loses value.
Disclaimer: the additional bullet points are fictional and not related to the real poll questions or answers.
Monday should be a very interesting day in the stock market. Stocks appear to be headed towards a fire sale. Time to buy!
lifeunderwriter.net 
If you’re not working, it’s hard to buy. and I still need to make rmd.
Agree! But at our respective ages we need to be on the conservative side anyway. I’m working towards an 80/20 split, bonds/stocks.
Me too. I’m withdrawing from stock funds first. Right now I’m 60% stocks. I haven’t looked at my brokerage account in a week. 😥
Don’t. Look.
It is very disconcerting! I made most of my RMD in early March. But I still have some more to do. I’m hoping in the next nine months things may rebound a bit.
No peeking for now!
Your life expectancy information helped me with the decision to annuitize an annuity to provide me with a fixed stream of income. I chose 10 years. So I figure if Social Security, VA disability, and or military retirement are affected, I still have this guaranteed income for 10 years
We have to start our RMD’s in two years. Glad the life expectancy data helped.
No. Peeking.
It’s just so depressing thinking about a portfolio that took me over 50 years to accumulate evaporating practically overnight. I know things will actually turn around eventually, but at this point in my life, I don’t know that I will live to see it.
It’s never any fun watching your savings shrink. Remember. Don’t. Peek.
I still haven’t looked and don’t plan to for a while. I think it’s all planned. I think they’re purposely creating this recession so the billionaires can buy up a bunch of companies and real estate cheaply and make a bunch of money once things rebound.
You are a smart woman. You figured out their game!
And my prediction is that he will reverse things in about a year, just in time for midterms. And take credit for any improvement. Whereas in reality, even with a rebound, it probably will not get anywhere near the great economy we had when Biden left office.
It’s not rocket science.
I heard a commentator compare Trump’s playing golf with the Saudi’s at his ugly ostentatious club claiming he won, while the middle class watches their hard earned savings evaporate, to Marie Antoinette saying: let them eat cake.