Retirement IRA
I am retired 68 yrs. old, don’t work, I live off my pensions and social security, and my IRA is a moderate risk portfolio. On my last statement I lost $10,000, my question is should I move all my money to a fixed income until this market stabilizes or ride it out.
Terry Says
Fixed income is losing money too! As rates rise, bond prices fall! I warned about this in this article.
I’d need to know more about your entire financial picture to give you a good answer, but at this stage oflife I think you should have at least 40% in “chicken money.” Here’s where it goes:
https://www.terrysavage.com/t-bills-beat-cds/
If it’s in an IRA, make sure you have a brokerage option (see last paragraph of this article) and that there is no fee for buying T-bills in your IRA.
