Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
In what time frame are you losing money in your IRA? Forget week to week and month to month. IRAs are for the long term. My IRA and other other investments are up 9% year to date and more than 60% over the last 5 years.
same here , the portfolio i have been using is up 23x what you would have put in starting in 1987
you're selling every week or 2? Or the paper value of your investments is fluctuating? If you're retired and living off your IRA, then you should be in stable investments, not stocks. That's basic investing.
i think someone needs a BASIC retirement planning course . even at 65 you have money you will not eat with for 20 to 30 years
that money needs to be in equity's unless you are drawing less than 2% inflation adjusted income from your portfolio.
stable investments like cash instruments and bonds have failed at 3% draws and higher to ever be considered safe .
historically ,going back as far as the 1800's a 50/50 or 60/40 mix has always provided the highest success rates over 30 years with very few periods of running out of money before you ran out of time .
the highest failures were 100% fixed income ,over and over .
what you need to do is allocate based on the time frame you need the money . you don't put money you need to eat now or tomorrow in to long term assets .
now hit those books on retirement planning before offering anymore advice .
here is a chart showing the success rate and chances of running out of money at the different draw rates .
these numbers represent how many times you already would have failed . . anything less than a 90% success rate is unacceptable .
Wait wait wait...So what you're saying is everyone should think for themselves but only as long as their thoughts parallel yours?
I won't bother to get into your "facts", which are mostly your opinions which seem to be based on regurgitated opinions from such sources as NPR.
THe waitwaitwait gives you away. Just waiting to bait someone into something they didn't say.
Not saying what your perception is at all. This is why we have issues in life. People being so sure of what other people are saying who they don't even know. Through the internet!
The internet does life a huge disservice. There is more to communication that the words on a
website.
Let's go back to the OP's topic. As this is off topic.
Anyone ready to buy cheap properties after all those homeowners decide to leave the country when their candidate does not win the presidential election (jk)? So many have claimed they would move away. Maybe they were not property owners though.
Or when the UK, Aussie and Canada immigration sites came back up looked and saw that those countries said "Stay home."
many houses in the Bay area have gone up 30% in a year within the last 5 years. Possibly multiple times. Case Schiller Index for the entire metro went up more than 20% from 2012-2013 and 2013-2014 before "cooling off" to 10% and 5%. Of course, some would see 5% appreciation and talk about the bust since the rate of increase was cut by 4x.
I'm just using the advice that was put in place by financial advisers moons ago, and is still dispensed today. When you're still working, invest in growth. Once you NEED the money (and that might be 65, it might be 80) then you need it safe and liquid. If I misused the word "retirement", then mea culpa.
I do agree that if one has done well and properly, there's a hunk of assets the day you retire that you won't touch for 30 years. But anyone who tells us their IRA has LOST money over the last 2 weeks when theoretically they haven't withdrawn/sold any of it, they might consider that advice.
Nope, exactly the opposite. His interest is in line with the interests of other Americans.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.