I have been looking at past commentary, and one big thing confuses me. We are not "nearing" retirement, a red flag, we are IN it. When you suggest "taking some money off the table", where do we put it? Thanks.

Terry Says:

That’s a suggestion I have been making for the past 6 months — So if you haven’t followed it yet, you could still come out ahead of where I first recommended that strategy.  I have no idea what percentage of your retirement assets are in stocks or stock market mutual funds.  But I do think you should have at least 25% in “chicken money” investments if you are already IN retirement!

Chicken money is money you can’t afford to lose.  So it belongs in FDIC insured bank CDs of maturities no longer than a year, or a bank money market deposit account. of a money market mutual fund that invests only in the highest quality Treasury securities.  Yes, you will not earn any interest to speak of! But you will sleep better at night, knowing that the rest of your money can ride out the ups and downs of the stock market.  And you’ll have money for your retirement needs and not be forced to sell at a loss if you need cash.