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Getting shafted
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<blockquote data-quote="Brute 23" data-source="post: 1266616" data-attributes="member: 6291"><p>Why don't you have time? I hear this all the time where people close to retirement age want to move their money in to overly conservative investments... why? When you reach the age where you can start drawing from that account... lets say the S&P500 is down 30%. You are only going to lose 30% on the small amount of money you took out that year. Its not like you take the total sum out all in one shot. You may draw on that money for 20yrs. Some will come out in highs... some will come out in lows. Id rather have my stock pile making 10% even if it swings a little than a steady 4%... which its not even a steady %4 as you saw. You can pull a little money out and take a loss on it when your other money will recoup at %10 or better.</p><p></p><p>Now, me personally, I might would do like some of the guys above and maybe move a year... maybe two years, of what you would draw in to some thing like a money market, cd, what ever type of super conservative account you want, inside you retirement account. You have essentially locked in the money you would take out for a couple years. You don't have to worry about that money fluctuating but the larger sum is still in the market. If it were to take a dive you have a year or two for it to recover.</p><p></p><p>Ill be honest with you... I don't know what <em>S&P average adjusted for inflation</em> means. Im just calculating what I have put in vs what is in the account and its over 10% a year. I guess if inflation is 4% and you adjust from 10 and take away 4 you would get 6. That's still better than being -%3 and adjusting for 4% and being -7%. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> </p><p></p><p>Your right though... we are at two different stages in the game... although trying to reach the same end. There may be some thing more to it than Im seeing. There is probably more than one way to skin this cat. :tiphat:</p></blockquote><p></p>
[QUOTE="Brute 23, post: 1266616, member: 6291"] Why don't you have time? I hear this all the time where people close to retirement age want to move their money in to overly conservative investments... why? When you reach the age where you can start drawing from that account... lets say the S&P500 is down 30%. You are only going to lose 30% on the small amount of money you took out that year. Its not like you take the total sum out all in one shot. You may draw on that money for 20yrs. Some will come out in highs... some will come out in lows. Id rather have my stock pile making 10% even if it swings a little than a steady 4%... which its not even a steady %4 as you saw. You can pull a little money out and take a loss on it when your other money will recoup at %10 or better. Now, me personally, I might would do like some of the guys above and maybe move a year... maybe two years, of what you would draw in to some thing like a money market, cd, what ever type of super conservative account you want, inside you retirement account. You have essentially locked in the money you would take out for a couple years. You don't have to worry about that money fluctuating but the larger sum is still in the market. If it were to take a dive you have a year or two for it to recover. Ill be honest with you... I don't know what [i]S&P average adjusted for inflation[/i] means. Im just calculating what I have put in vs what is in the account and its over 10% a year. I guess if inflation is 4% and you adjust from 10 and take away 4 you would get 6. That's still better than being -%3 and adjusting for 4% and being -7%. :) Your right though... we are at two different stages in the game... although trying to reach the same end. There may be some thing more to it than Im seeing. There is probably more than one way to skin this cat. :tiphat: [/QUOTE]
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