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In reply to the discussion: I was at a small dinner party the other night. Towards the end of the evening a conversation [View all]No Vested Interest
(5,163 posts)8. I'm in that age bracket, well diversified financially, and am down 10% of portfolio YTD.
Of course, that's on paper only, no need to make changes or sell at this time.
Have a very good financial advisor, one who doesn't panic or make changes precipitously.
We came back quite well from the problems in 2008.
From my perspective, the losses now, at the end of Dec. mean that my RMD requirement will be lower this year than otherwise - a good thing.
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I was at a small dinner party the other night. Towards the end of the evening a conversation [View all]
Augiedog
Dec 2018
OP
Ideally the stocks and bonds are highly rated, and pay dividends and interest to help stretch things
still_one
Dec 2018
#28
For what it is worth, I am in all 1-3 year Treasuries and bank CDs, about as safe as it can get.
pangaia
Dec 2018
#14
You won't, unless the government literally falls, and then it really doesn't matter because everyone
still_one
Dec 2018
#29
I'm in a 3% pre-tax savings account, so, I have no risk at all. I might have made a little money
lindysalsagal
Dec 2018
#33
Trump diserves the blame for this, just as the bush administration deserved the blame for the
still_one
Dec 2018
#30
And this is the fundamental problem with 401ks and how the public was sold on them.
llmart
Dec 2018
#7
they sold everyone that "put $20 a week in and you'll be a millionaire" not accounting
Demovictory9
Dec 2018
#27
I'm in that age bracket, well diversified financially, and am down 10% of portfolio YTD.
No Vested Interest
Dec 2018
#8
I worded that clumsily. I should have said my RMD for 2019 will be lower because of
No Vested Interest
Dec 2018
#12
Yup, I made the same error on my first try (2018 v. 2019). I too am done with my 2018 IRA RMD
progree
Dec 2018
#16
Of course it is bad to have a lower RMD because the account value has gone down
progree
Dec 2018
#15
It sounds as though you're plenty familiar with the ins and outs of retirement finance.
No Vested Interest
Dec 2018
#17
No income cap on Roth conversions in 2018 or 2019, if my Googling got the right hits
progree
Dec 2018
#19
That's interesting, re removal of the income cap. My advisors have not told me of that,
No Vested Interest
Dec 2018
#21
I've been converting a little at a time since 1998 ... based on my tax person's advice
progree
Dec 2018
#22
Myself I have been converting some of my IRA over to a Roth each year. In addition to my
doc03
Dec 2018
#18