Posted by MarkB_MI on March 24, 2018 at 07:05:55 from (174.230.29.192):
In Reply to: Re: Stock market posted by LAA on March 24, 2018 at 06:29:19:
> 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 think one should ever get completely out of the stock market, unless maybe if you have a terminal illness and no heirs. My personal opinion is that most target-date funds are too conservative. Of course it matters how much risk each individual can accept, as well as life expectancy. I don't think anyone who expects to live another decade or two should go below 50 percent stocks.
As it happens, I have about a third of my 401k in a 2020 target date fund. Right now it's about 50/50 stocks/bonds. I keep enough money in domestic and foreign stock funds to push that ratio to around 70/30. But again, it's all a matter of how much risk is acceptable. If you expect to live past eighty, keeping too much money in bonds presents a very real risk you'll use up your savings. On the other hand, too much money in stocks brings the risk of short-term losses.
I read the other day that of people who are sixty today, one in four is expected to live past ninety. And as you know, there's a huge difference in returns between stocks and bonds over thirty years.
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