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re: At how many years prior to retirement do you...

Posted on 1/8/19 at 8:15 pm to
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 1/8/19 at 8:15 pm to
Everyone's situation is different, I have been retired 8 years, and remain heavy in equities keeping only money I will use in the next 2-3 years in interest bearing accounts and cash.. Look at it this way if you were not retiring for another 20 years you would probably not have a issue with investing money in equities. Assuming I live long enough I have money I will not need for 15-20 years, so why not leave it where it has the greatest chance of significant growth, seems like the same philosophy to me.
This post was edited on 1/8/19 at 8:17 pm
Posted by baldona
Florida
Member since Feb 2016
20636 posts
Posted on 1/11/19 at 3:10 pm to
quote:

I have been retired 8 years, and remain heavy in equities keeping only money I will use in the next 2-3 years in interest bearing accounts and cash..


Good stuff right here, what everyone should do.

Keep 2-3 years in cash, that way all of your investments are not needed for 3-4 years. Buys you time to be patient and not shite about the near term market situation.
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