Posted by LAA on March 24, 2018 at 06:29:19 from (130.117.142.131):
In Reply to: Re: Stock market posted by MarkB_MI on March 24, 2018 at 05:34:38:
I couldn't agree more about starting early but what do you consider an age to get out of the market? My 401k is in a ''2020'' fund, meaning for the last few years the fund has progressively cut back on stocks with the goal to be nearly completely out of stocks by 2020 which will be the year I turn 66, my so called full retirment age. I don't plan on using the 401K unless I need an inflation hedge against my company annuity based retirement way down the road, I don't see that happening but you never know. I put my entire 401K in the 2020 fund about 10 years ago because I knew guys who were at retirement age in 2001 and got clipped bad plus others who were near retirement in 2009 and had to delay retirement, as you said, it is always feasible to rebound from temporary down periods in the market, until you don't have enough time left to do so. I don't want the money to just languish because I expect my Wife to outlive me by several years, even though she is a couple years older than me she has good genes and calm living on her side.
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