General Discussion

whatthehey

(3,660 posts)

1. Nobody's getting rich unless you sell

Wed Jan 20, 2016, 11:59 AM

Jan 2016

If you are that near retirement a good chunk of your portfolio should be in bonds or money markets which have less volatility. Liquidate those first. If you (and if you have an advisor them too which for their part is unforgivable) kept it all in equities all is not lost. You don't have to sell all your funds at the same time. Choose which ones to sell based on the best combination of losses and tax benefits as applicable. I doubt this bear market will be all that long or deep and the worst thing to do is panic.

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At Least I'll Be Able To Keep Warm In My Car After I Lose My House And My Retirement Money Is.... [View all] global1 Jan 2016 OP

Nobody's getting rich unless you sell whatthehey Jan 2016 #1

Can I rec that reply? Orrex Jan 2016 #2

Go to Google Finance and bring up a one day chart for the DJIA A HERETIC I AM Jan 2016 #3

why is your money in stock if you plan to retire this year? frankieallen Jan 2016 #4

Even if you retire, most people stay invested in income funds. That is especially true if your B Calm Jan 2016 #5

If you don't keep at least some of your money in stocks you run out of money if you live a long time yellowcanine Jan 2016 #6

Also don't forget that if you are still working you buy stock with every paycheck. yellowcanine Jan 2016 #7