Ok, now what?
We are 62, due to retire in 4 yrs. Have approx $1m in savings. $100k in cash, $400 in bonds and $500k in stock mutual funds. Our social security will be $50k and our budget is $80. Do we panic?
Terry Says
How would you feel if you had only $300,000 in stock mutual funds? That’s what a prolonged bear market could do to you! That’s not a prediction, only a possibility.
We are having a little rally this morning. Would you consider moving say $100,000 to a money market fund? You might miss some upside, and be stuck with a pile of cash earning next to nothing. But you might miss some losses, and sleep better!
