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I will be adjusting my allocations and funds. I also have 5-7 years before I will touch the money and I don't want to go through this again. I will have enough to live on the rest of my life and there is no need for me to be in more volatile investments.
I also have a large cash nestegg of 3 years expenses that I have been advised to invest in the past. I am glad I did not!
Age 72 with a allocations of 60-65% equity allocation depending on portfolio. Will stay that way.
phew ... i feel for you right now ...... as of last night we show 22% equities and the moves in dollars are insane ...we hit a 100k move down in one day
I will be adjusting my allocations and funds. I also have 5-7 years before I will touch the money and I don't want to go through this again. I will have enough to live on the rest of my life and there is no need for me to be in more volatile investments.
I also have a large cash nestegg of 3 years expenses that I have been advised to invest in the past. I am glad I did not!
You're talking about after the markets recover, right? Not now. I know that was the OP's question but I just wanted to make sure. Do you know what you'll adjust or re-allocate into (and out of)?
I'm just asking so I can learn. As I too am 5 years from retirement. And have LOTS of cash, so I won't need any retirement accounts to live on until years after retirement, if then.
Outside of lots (YEEEARS) of cash which I always keep out of the market, I was planning to let my 60/40 stocks to bonds ride well into retirement, maybe even thought all retirement.
Age 72 with a allocations of 60-65% equity allocation depending on portfolio. Will stay that way.
We're the same age. Our IRAs were about 65% equities in October last year. We sold the equities with the most gains through January and got the ratio down to about 50-55% equities and freed the funds to make this year's RMDs (which are about 25% higher than last year). We don't need that much and the taxes and IRMAA penalties that result. We were shooting for 45% but the market has taken care of that. Our post tax accounts are about 45-55, and that's likely where we'll try to keep it.
I am 6-8 years out from retirement and when the market does recover, I am going way more conservative with allocations.
Heck no. Our long term choices have been very good to us. Withdrawals are well within our comfort zone. Steady as she goes.
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