Ask Terry Questions Market Crashing-sell today or wait until tomorrow?

Market Crashing-sell today or wait until tomorrow?

By Terry Savage on March 09, 2020 | Investments

We are planning retirement in 2-3 years, we are heavy in stocks in our IRA’s.
Today the market is plunging. Do we tell our financial adviser to shift 50% into bonds or money market today?
Or wait till Tuesday if the market recovers?

Terry Says

Honest answer: I don’t know the difference between today and tomorrow. This is what I have been warning about for months, advising that those in or near retirement have a substantial cash cushion so they won’t panic. Don’t be afraid to call your advisor. But keep in mind that this market could go down farther — and stay down longer — than most people under 70 have ever seen!



a personal
finance question