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B Calm

(28,762 posts)

5. Even if you retire, most people stay invested in income funds. That is especially true if your

Reply to frankieallen (Reply #4)

Wed Jan 20, 2016, 12:57 PM

Jan 2016

money is invested in a tax deferred 401 k. By drawing your money in small amounts once a month you are only paying on capital gains instead of income. Capital gains tax is a lot less than income tax. You an be diversified all over the market and you will still be losing your ass in this market.

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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