Anyone who’s within 2-3 years of retirement shouldn’t be in the market unless they’ve already cleaned a million or so for expenses. If you are going to rely on a ira or 401k it needs to be parked a couple years out to avoid this very scenario. Any financial minded person knows this
Well, our Poor
- Thread starter ElectricalCock89
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This is what a detox from four years of financial treason looks like.
I voted for the country’s future, not a 6-month market rally before a complete currency collapse.
People have no idea how screwed our economy has been.
We were set to default in May/June of this year.
The Biden Fentanyl was always going to cause withdrawal.
I voted for the country’s future, not a 6-month market rally before a complete currency collapse.
People have no idea how screwed our economy has been.
We were set to default in May/June of this year.
The Biden Fentanyl was always going to cause withdrawal.
You wrote "Corporations never eat the cost of taxes because their investors won't let them."
That is not true. Hell, you can read selected Annual Reports and often can see it spelled out. You often see this in mutual insurance companies where I spent much of my career in consulting.
After 9/11, we saw the addition of a terrorism tax tacked onto policies. In many cases, companies ate those costs- at least for a period of time. That's just one example.
Companies have to remain competitive. Of course they will eat the cost of taxes in some cases if it helps them stay competitive for a period of time. Investors certainly understand this as anyone that reads an annual report where this is mentioned knows.
There are almost no financial planners that would tell someone to get totally out of the market as you get close to retirement.
You don't get out of the stock market as you get close to retirement. An investor needs to have exposure to the market through retirement as retirement could last 20-30- even 40 or more years. So of course you want some exposure to the market.
You do adjust your risk in the market though by moving most (not all) your funds to safer investments in the market. But getting out totally is a recipe for disaster for most people.
Should Retirees Be in the Stock Market or Should They Get Out?
While retirees should be in the stock market, it can be volatile in times of economic uncertainty. View our tips about what retirees should do in the stock market.
We are very appreciative of your vote. You don't even understand the real change that will come from your vote to make this country a better place.
But this guy does...
If thats your take then why all the crying about soon to be retirees losing a chunk of their future? You’re a very confused individual. Personally my take is very different than your “professionals”There are almost no financial planners that would tell someone to get totally out of the market as you get close to retirement.
You don't get out of the stock market as you get close to retirement. An investor needs to have exposure to the market through retirement as retirement could last 20-30- even 40 or more years. So of course you want some exposure to the market.
You do adjust your risk in the market though by moving most (not all) your funds to safer investments in the market. But getting out totally is a recipe for disaster for most people.
Should Retirees Be in the Stock Market or Should They Get Out?
While retirees should be in the stock market, it can be volatile in times of economic uncertainty. View our tips about what retirees should do in the stock market.www.actsretirement.org
Im sure no “financial planner” would ever want you to get out of the market. After all that’s how he butters his bread. So don’t do your own planning. They’re gonna take good care of you. Lol
Going to start seeing the defections from Trump within the Republican Party.
The house members are facing a bloodbath in '26 if they don't start distancing.
Rhinos will be replaced. The weeding out process will be completed in 26. Liberal’s are finished but you keep up the fight. Lol
Just think, people still listen to CNN. Trump hosted 96 rallies, CNN covered only one. Guess where?
Assassination rally, butler pa, Coincidence no
"Impose global tariffs, which rattles investors and drives them to seek safety in more stable, fixed-income assets. This results in a drop in the 10-year Treasury yield, lowering interest rates and allowing the Fed to halt quantitative tightening (QT). The shift encourages consumers to spend on big-ticket items like cars and homes. The focus shifts to Main Street, not Wall Street. Brilliant. Tax cuts will follow to offset inflation in select consumer goods caused by the tariffs."
I’m doing so much buying today! One thing is for sure: the price of gas at the pump will fall a lot over the next week.
I hear ya. I'll be buying more of my stocks that are getting hammered today. Probably with the all of money Im making off coca cola today of all days. Go figure. Funny how diversification works, lol
We’re cooking with GAS now! Trump taking the word to school. These panty waist rulers across the world have no clue but they’re about to learn. No more free rides. Welfare is over
Best thing is its top of the 1st inning, no outs and we’re already up 5-0. Sit back and enjoy the ride. We’re due after the crap we endured
A number of reasons.
1) Some people get nervous and "take all their money out" and suffer deep consequences. We saw this back in 2008 where people panic. especially older people, when they look at their account and they've lost tens of thousands or maybe even a few hundred thousands of dollars in their account.
2) Some retirees have emergencies and have to take money out and taking large sums of money on a downturn is brutal for someone's personal financial situation. This also applies to people that need to access money in 529 plans.
3) There is no debate with investment professionals or even moderately educated investment novices about not taking out all your money as you get close to retirement. They all advise reducing risk, moving their funds to more stable funds within their portfolios, but also keeping a portion of their funds in growth funds so they can take advantage of growth opportunities. Given retirement can last 20-30 or more years, having a decent portion of a portfolio exposed to continued growth is desired and necessary for most retired people.
4) I have not asked my father in law recently, but I know just a few years ago, my father in law told me he had as much money in his retirement portfolio at the time as he did when he retired almost 15 years before. That was after RMDs and other withdrawals for extensive travel and everyday living. That was due to growth and leaving a meaningful portion of his funds in the market within growth funds.
5) There are fee only financial professionals that don't make any money on your funds or what funds you choose, or if you get in or get out.
6) I don't have a financial professional. I do my own planning and have since i started investing in the market when I was 23 years old. I've also helped my son, a Junior at USC, start his own investing portfolio.
Sounds good. I’m proud of you, now quit crying about the market because sounds like you’re all in and that’s all you know.
I took a much different path. Sure I have the 401k I rolled into a ira and pension lump sum. Parked it all in cd’s and money markets. Ill buy some stocks after the market correction if it goes low enough if not I’ll let it sit. I’ll never need those funds.
I started using the capital gains exemption the feds rolled out in 97 and got hooked. Making pretty much all you can (up to 500k) tax free selling your primary residence every 2 years or so. For me it’s a no brainer and extremely enjoyable. Add that to tax sale properties for rentals and foreclosures for the next primary residence flip and Im set with almost zero risk. No Black Friday or today’s market drop to worry about. Not to mention tax free money is the best money. It’s just so satisfying
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