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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Are you going to ride this to the bottom? I love sitting in cash when these corrections happen. The only time I Buy is during or after corrections, ride it up rake off profits and back to cd’s. Grabbed a nice profit with covid, looks like another one coming. It’s Christmas in April!
Well. "all in" isn't how I would describe it. I am fortunate to have other resources. However, I realize a lot of people aren't in my situation. I don't always post based solely on my personal situation.
Selling your primary residence every 2 years or so sounds like hell on earth. I am glad you enjoy it though.
There are well over 50 million Americans whose entire retirement is based on a 401k, and typically one with less than $200,000 in it.
At this point, there isn't really much to do. My strategy has always been steady as she goes.
Now, I do have a few 529 plans for my children (one is in college). I have not taken a withdrawal for my last tuition payment to pay myself back because the market is so far down this year. I don't want to take the hit at the bottom.. So I am waiting to get those funds back.
Lots of 529 plan holders are having to wait right now. It's not a problem for me. But for some people, it's very difficult if the tuition funds they spent severely depleted their personal funds.
So you never take profits when the markets stupid high? You just ride out the ups and downs? Interesting
Right. I am strictly a long-term investor.
Oh, I've taken funds out a couple of times over the years when I thought it was a good time for specific purposes but generally I don't. It usually wasn't very much at all.
At least you're willing to go down with the ship.
Will be interesting how long it takes for the majority to just jump off the sinking ship.
Democrats want cheap goods. But they also want quality good. And they want US workers to make a "living wage" to produce those goods. And they also want American companies to make big profits so 401ks will continue to climb.
You can't achieve all this long term if you allow foreign countries to flood our market with their goods while closing our market to our goods.
It's just not substainable.
You can't achieve all this long term if you allow foreign countries to flood our market with their goods while closing our market to our goods.
It's just not substainable.
Short term he's correct but it likely won't even match Biden's 4-year Inflation Party.
You would know all about a sinking ship.
+ Scare the market which lowers 10 year to 3.5%
+ Refinance around $10 Trillion in Government Debt and save $500 Billion in Interest
+ This forces Powell to lower interest rates (he held an emergency meeting today so this likely starts within a month)
+ This also triggers Boomers to sell home which will lead to lower home prices and rent for those you can't afford it now.
+ The FED goes full QE
+ All Markets (and the Economy) are juiced heading into the midterms
+ Republicans crush the midterms off the momentum while zombie trolls tear down their centerfold posters of Harris.
My experience is most working class people want cheap goods. South Carolina has a lot of Walmarts and such- and very few mom and pop hardware stores. There is a reason for that.
I do not know many South Carolina residents who want to go to Sams Club to buy a $1300 tv that was $299.
I agree, the "living wage" phrase is an odd one at times. But of course, this is also exactly what Donald Trump has campaigned on, he just doesn't use that specific phrase. I mean he spends a lot of time talking about "high paying jobs" coming back to America. In other words, a "living wage." He simply couches it in different terms.
But the reality is, most of these jobs will never come back in any real degree. That's because of automation and improvements in manufacturing technology.
I am almost always amazed when I visit a manufacturing plant, especially those built in the 1960s and 1970s. I always over-estimate how many employees they employ. Part of my job will be asking how many employees they have on staff. This happened on Tuesday in Charlotte. I visited a plant that I would have guessed had 200+ people. They actually had 33 and business is strong. Their employees are computer operators. The computers run the equipment. So they have less employees as a result.
A guy at the church I use to attend is a manager at a plant that constructs a product that is sent to Japan for finalization. I have not talked to him recently, but they are not closing their Japanese operations and finalizing the product here in South Carolina. That's not what they want to do. They do not have the expertise to do it. Most of their customers are Asia in anyway. It would make no sense and would only increase their costs, possibly putting their business at risk.
The nutty thing about a good number of these tariffs, as Fox Business pointed out this week: some of the tariffs we have levied are against countries that have no tarrifs at all on us. It's likely pissing off those folks and causing them to start looking for more reliable partners in other countries.
Gomer -- They will come back. It just won't look like the 1960s-70s anymore. American workers won't have to grind their finger to the bone this time. Robots will at human direction.
The opposite of higher taxes for Americans with this one. Vietnam is a big player too.
And the Democrats lost the presidential election even though the inflation wasn’t Biden’s fault. It was happening across the world.
This recession is 100% attributable to Trump and he won’t be able to blame others for it.
You would know all about a sinking ship.
+ Scare the market which lowers 10 year to 3.5%
+ Refinance around $10 Trillion in Government Debt and save $500 Billion in Interest
+ This forces Powell to lower interest rates (he held an emergency meeting today so this likely starts within a month)
+ This also triggers Boomers to sell home which will lead to lower home prices and rent for those you can't afford it now.
+ The FED goes full QE
+ All Markets (and the Economy) are juiced heading into the midterms
+ Republicans crush the midterms off the momentum while zombie trolls tear down their centerfold posters of Harris.
Well this is an interesting theory. You’ve been wrong about everything you predicted with a Trump presidency. So I guess you have nothing to lose by digging yourself deeper into fantasy land.
I do not understand the disconnect that makes people think that a meaningful number of manufacturers are going to start making goods in the United States again as opposed to other countries that allow the product to be cheaper.
especially given the inconsistent nature of Trump's approach.
Who wants to go invest in a factory in the United States to make a product that is made cheaper in another country, only to have Donald Trump or even the next president reverse course on them?
Do Americans really want to pay more money for televisions or appliances?
Even Republicans and right leaning advisors are on tv saying this will be inflationary on prices.
It's all so unnecessary. What could have been a very narrow and targeted approach is a shotgun blast into the bathwater while we are sitting in the bathtub.
I guess one good possibility is that things get sour and Democrats win big next year. That is what Rand Paul is already talking about.
Damn you hate moving huh.
Yeah I love it. Upgrade every time, rake more tax free profit every time. Lately it’s gotten ridiculous with the last two homes doubling with hardly any remodeling, thanks to Bidenflation. That’s also the reason I love real estate. You always make money on it even with morons running the country. Tax sales are even better for rental income. I’ve gotten properties for .10 on the dollar so your up 1000% from jump. That’s why I couldn’t rely on something as unpredictable as the stock market. Truthfully I think its a scam that’s manipulated by a handful of people and the government, but whatever it is, I’ll stay with a sure thing. Real estate
