Due to volatile market should I move retirement IRA from balanced stocks & bond funds to safer money market funds?
Currently retired with professionally managed IRA, 50% stocks/bonds generating retirement income.
Why would you do that? Your current allocation is quite conservative & you can't predict when the markets may improve (gain in value) again. How long are you hoping that your savings will last? Are money markets really safer ? Your bonds are most likely earning more currently than any money market fund. Do you have a personal investment policy statement that you are following ? Try not to look at CNBC or today's headlines | 10.14.14 @ 19:43
No. You're on the right track, because market volatility is nothing to ignore. But the answer is likely not in safer money market funds. I recommend you investigate indexed strategies. | 01.17.15 @ 02:22
The Magic 8-ball says....Answer Unclear.
Many people try to time the market and most fail. Picking a proper asset allocation and sticking with it gives you your best chance of success. | 03.06.15 @ 00:03
If the account is "professionally managed" then you need to have a conversation with your advisor. Explain that you are feeling nervous, and are concerned about your investments. Be specific about your fear. Are you worried about your account value falling? Or are you worried that you might not have enough to last through your retirement. The answers here are fine - but we don't really know enough about your situation - whether you can afford to lose 15 or 20% and still have something to live on. Your advisor should be able to work up a financial plan that can show you whether your investments are still appropriate for your situation. | 10.07.15 @ 01:48
Protecting principal does become even more important when taking out income. All investors should have a handle on the downside risk of their portfolio. There are tools to measure that in what-if situations which helps in decision making quite a bit. | 02.09.16 @ 15:31