Originally Posted by Brian McFarland
I'm in the same situation as you. I retire next week and my plan was to live off the income my 401K savings generate (+ SS, rental income, and other investments). The 401K value has decreased, though, so I'm recalculating. I was also planning a bathroom remodel, now it looks like I might be doing it myself to save some $$. Of course this means less work for the contractor; it affects everyone.
I remodeled a bathroom once, many years ago, and I will never do it again! I'd rather take a shower in an outdoor solar shower in the backyard for the rest of my life than do a bathroom remodel again!
Honestly, though, our remodel is not urgent by any means. It's just something I was thinking about doing. We can continue as we are indefinitely. But, as you said, all this chaos and uncertainty affect everyone. All economic indicators are down, including significant drops in home sales, airline companies scaling back flights, and layoffs of employees. Credit card companies are reporting that customers are buying less. And so forth and so on. There aren't many good indicators out there right now.