When the market recovers, will you change allocations? (55, pension, supplement)
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I am 6-8 years out from retirement and when the market does recover, I am going way more conservative with allocations.
The time to be conservative in your investments is when the market is flying high. The time to be bold in your investments is when the market is at or near the bottom.
Proximity to retirement age should also play a role in your investment decisions.
The time to be conservative in your investments is when the market is flying high. The time to be bold in your investments is when the market is at or near the bottom.
Proximity to retirement age should also play a role in your investment decisions.
Kind of a premise I live by in retirement..... end of cycle after big gains I am defensive ..... now I am starting to ramp up a bit for the next cycle
The time to be conservative in your investments is when the market is flying high. The time to be bold in your investments is when the market is at or near the bottom.
Proximity to retirement age should also play a role in your investment decisions.
Are you saying when the market is flying high, you get out and wait for a crash to get back in?
I retired at 55 and am 62 now. I had moved my 401K money over to more conservative investments..it was called the Stable Fund back then and only available to 401K accounts. Has changed names a few times but still the same. About 4-6% yearly ROI over the years.
I have a pension and other taxable investment income and will apply for SS before I need to touch the 401K money.
The 401K is the last pot I plan to dip into so I'm ok with the slow crawl. I'm more aggressive in my trading account and take out profits yearly in December to supplement my pension in the next year.
We will likely adjust to more equities. Six to seven years out. But who knows, may have to work longer now.....
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