re: Your 401K is getting destroyed

quote:

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This is correct. You don’t just magically move everything to this so called “safe”spot right before retirement. Without guaranteed pensions You have to stay in the game and generate income via your investments. You may do this “safe spot” investments Strategy in your 70’s but if you are in your late 50’s or early 60’s you have to stay in the game unless you have accumulated a mass of wealth. That is the rough decision for anyone that is in their late 50s or early 60’s. Do you gamble that this impending downturn is short lived and just retire or do stay at the grind you have been doing for 40 years? Tough decision. I know this all too well.

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That's where I am. 57, planning on retiring Jan. 2023. As I've been approaching retirement, I've been thinking about how to re-allocate investments. For years I imagined I would simply move from stocks into bonds. Well, the bond market has sucked hind tit for a while now. So rather than move funds, I simply changed where my contributions were going. It still has left me close to 50% in stocks, so I'm down some. I'm considering not collecting from it until I'm 60 depending on how fast it comes back up.