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The New DU. Reply #1: Why would anyone who was planning to retire in next few years be heavily invested in stock market.?
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Sat Dec-20-08 09:14 PM
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| 1. Why would anyone who was planning to retire in next few years be heavily invested in stock market.? |
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My 401K took a beating so did my IRA but I am only 31. I got another 30 years to recover. I have no doubt the markets will recover OVER TIME.
Someone planning on retiring in 2-5 years has no time to wait for the markets to recover.
Simple rule of thumb is 100 - AGE in stocks.
20 years old: 80+ in stocks
40 years old: 60% in stocks
60 years old: 40% in stocks.
No me personally I would say EVEN MORE stocks when younger <40 and less stocks when older.
Sad thing is many people were 80%,90%, hell even 100% in stocks with less than 1 year till retirement.
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