Stock market current surge
Age 69 1/2 I plan on working for 3-4 years more should you move a large amount of investment to cash to insure your investments will be there when you retire and continue to participating with matched investments? I'm really concerned it's going to start a downward turn?
Terry Says
I understand your concern. Please read my most recent column on that topic. Look, no one knows for sure what would trigger a downturn. And there's an interesting argument to be made that success in cutting taxes could send stocks much higher. At this stage of life, I think what you need is balance -- so you don't kick yourself for selling everything, but you don't panic in a decline because you have set some money aside safely. It's called "selling down to the sleeping point"! Only you know how much cash that requires as a percentage of your holdings.
