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The thing is, people who say stuff like that rarely do it when it happens. If you're scared of stocks now, you're very likely to be even more scared after a 20% or 30% drop in the market.
Why not keep a year or two's worth in cash/CDs and put the rest in a conservative balanced fund like Vanguard Wellesley Income?
Location: Was Midvalley Oregon; Now Eastside Seattle area
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OP,
We did the opposite:
Moved to GLWB VA annuities for the guarantees and Income. Balanced the remainder into Indexes and trading accounts.
The annuities, SS and small pension provides our base. The Rental the provides the second level, trading accounts the third level, and Indexes the top level with the highest risk. We are living on SS+pension, and Rental. Annuities will begin to kickin next year and for several years after that.
No CDs, No bonds. Holding cash in trading accounts, now about 50%.
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