IRA is sinking!
I recently retired and converted my 401 to an IRA. With the current corona virus i have lost 32000. Dropped fro m 190000 to 157000. Should I wait until i gain some back to move this to a money market or just do it now and take the loss before it gets worse.
Terry Says
I’m sorry you started reading/listening to me so late. I’ve been warning, trying to help people understand this possibility for months. The answer to this question depends on your personal situation– your income needs, your risk tolerance. The market is likely to go lower. But that won’t last forever. Can you??
That’s a serious question. If you sell a bit because you need cash, don’t look back. But don’t sell everything.
