Quote:
Originally Posted by 2000cs
Quote:
Originally Posted by grocerylist
If you're close to retirement or already retired you shouldn't have been heavy in the market and this would have had minimal impact to the honey pot.
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Retirement is not the same as death. A person who retires at 65 might live 30 years. I’d consider that a long term investing horizon and include equities. Maybe you’d want less risk, but going to “zero” risk is, well, risky in the other direction (inflation for example). |
Quote:
Originally Posted by 2000cs
Quote:
Originally Posted by grocerylist
If you're close to retirement or already retired you shouldn't have been heavy in the market and this would have had minimal impact to the honey pot.
|
Retirement is not the same as death. A person who retires at 65 might live 30 years. I’d consider that a long term investing horizon and include equities. Maybe you’d want less risk, but going to “zero” risk is, well, risky in the other direction (inflation for example). |
I agree. The old rule was to have the percentage of years left 30 in this case but that's pretty conservative.
Also in that scenario I'd be looking for a buying opportunity. Hopefully the markets continue to go down. I'm waiting for at least a 30% discount to take advantage of.