davesenesac
Trail Wise!
Our precious life is short within eternity, don't waste it!
Posts: 1,710
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Post by davesenesac on Dec 12, 2016 10:22:09 GMT -8
I agree you may be wise at considering moving your money out of stocks into safer areas given the considerable chances something really bad may occur soon after DT and those he has allied with implement policy. One can expect potential media and minority chaos that could scare citizens as well as international provocations resulting in fears that can impact financial markets.
David
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reuben
Trail Wise!
Gonna need more Camels at the next refugio...
Posts: 11,164
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Post by reuben on Dec 12, 2016 10:26:08 GMT -8
I'd ask in the Backpacker Bar on a Friday afternoon. That's where all the CFAs, CFPs, and CPAs hang out.
Me, I'm lettin' it all ride for now, but my situation probably isn't the same as yours. But even 10 year Tbills make more than cash in a money market account.
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swmtnbackpacker
Trail Wise!
Back but probably posting soon under my real name ... Rico Sauve
Posts: 4,886
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Post by swmtnbackpacker on Dec 12, 2016 11:37:26 GMT -8
Don't know where the financial mkts are headed, but if stocks gave me the heebie-jeebies, I'd lower that amt into bonds/cash just for piece of mind personally.
A bit dated but long-time personal finance writer Quinn recommended selling stocks several years to a decade for "needs" (i.e. shelter,food, and other necessities) into guaranteed fixed income ...and a few years before "wants" if those goals can wait a bit for the mkt to go up after a decline (i.e. that planned cruise or air trip ... maybe nowadays that planned computer replacement).
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Deleted
Deleted Member
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Post by Deleted on Dec 12, 2016 14:34:56 GMT -8
But actually, the most important word of advice you need here is -- don't get your financial advice from a backpacking forum... I have to say that the replies I read from the other board members on this thread seem pretty impressive, at least to me. Once the money is withdrawn from a tax-deferred retirement account, all the king's horses and all the king's men can't put it back in again. I would leave it in there and just draw the RMD's after age 70 1/2, if at all possible, unless you need some withdrawals to be able to defer filing for Social Security. FWIW, I've been pretty pleased with Fidelity as a retirement account record-keeper also.
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