[temp99990]

And if the market crashes when you are retired? What are you supposed to do?

I don’t think it’s sound advice to keep your retirement in stocks when you’re actually in retirement...

[richardw]

You only need to keep "crash /recovery" money around, which is a risk because you don't know how long that is. 5? 10?

But you also don't know how long you'll live for, so to have your money doing nothing for 20/(30?!) years could hurt. My wife's grandmother is 99. That's a long time in low-growth near-cash.