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Author Topic: What to do when the markets plummet and you’re nearing retirement  (Read 46 times)

Offline klg14

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Offline Ken

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Re: What to do when the markets plummet and you’re nearing retirement
« Reply #1 on: February 28, 2020, 01:49:21 PM »
When you have won the game stop playing- when I retire in 2 years at 77 , I will stash away 13 years of expenses in short term bonds and the rest in stocks-- having too much money in stocks at 77 can be toxic- Japan's stock market has yet to recover- so we can't predict how long it might take this market to recover-if you are young this is the best time to buy stocks , but if you are near retirement - stocks can be toxic.  So if you are sixty-five and about the retire put 25 years of expenses in short term bonds, annuities or TIPS- that is money you can't afford to lose= the rest you can put in stocks. Stocks have done well HISTORICALLY OVER A 15 YEAR PERIOD.

 

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