Getting back into market,
I’m 72 ,retired Sheetmetal with 2 well funded pensions , also have a$250 k annuity that I moved to cash before the last election so the question is when do you think might be a prudent time to get back in the market or just leave it sit.Also my RMD starts this year do I spend that money or start a Roth IRA of some sort
I do have an account with Fidelity
Thanks for your time.
Terry Says
First of all, I don’t have a crystal ball! No idea when to get back in — but in retirement your risk tolerance is different. This would be the perfect time to have one or two meetings with a FIDUCIARY — FEE ONLY financial advisor — someone who is not trying to sell you something.
That would cover not only your investments, but your stream of income planning vs your living costs, and other issues like your will or estate plan, your potential need for long term care insurance etc.
To get started I recommend you go to www.Wealthramp.com to get matched to someone you can trust.
