[GrumpyOldMan]

Originally Posted by Two Bills

When my wife and I were working, most of our investments were stock market linked.
When stocks collapsed of fell, we had time and income whilst waiting for the investments to recover.
We retired 24 years ago, encashed all funds, and put them into cash savings only.
Most were UK National Saving schemes, tax free and with inflation covered, plus a very small interest rate on top.
We did this, as we did not want to watch large falls, with no income if needed to cover them, plus being retired we did not want to spend a lot of time following markets.
It has worked out well for us.
Our capital has stayed pretty steady, and with the present rate of depletion, we should be good until we are about 109 years old.
After that things could get a little rocky!!

Similar to us, we live on Social Security and a 4% rule (taking 4% of our investments as income.) and a 36 month cash buffer. Looking at various scenarios of recessions we should not be too impacted. A depression on the other hand could hurt.