It’s always a good idea to do a little housekeeping with your money. Sometimes it’s helpful to look back at how far you’ve come and consider not where you’re going but how you’re feeling.
If you’re in retirement or will soon be in retirement, do you have a rock solid handle on your spending? Are you living within your means? Are you able to spend four percent of your investable assets and still spend money somewhat foolishly?
When market volatility throws a wrench into your plans, maybe it’s time to do a little housekeeping and reassess how you’re livin’. Begin your housekeeping with a look at the North Star, that is, Dick Young’s North Star, the risk free rate, and evaluate your comfort level with your other investments in relation to that.
Action Line: When you want help building a plan you can live with, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
Originally posted on Your Survival Guy.