Thread: what is the stock market doing to your retiremnt

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If you are 5+ years from needing your money. Wait it out! Any money you take out now, you will take a BIG hit on compared to if you would have taken it out any time last year. Unless you NEED money now, let it ride! Even if you need some, take out ONLY what you need, but leave the rest in! Let that money come back and make you some money over the next 2-5 years.

When it bounces back and you are 2-5 years from needing it, move some of that money into a less risky investment like Municipal Bonds or CD's so it's not so much at risk for you and won't fluctuate so much. Good luck out there!

I dont' know it all, but I have had my Mutual Funds and Stock Licenses (Series 6 and 7) for a number of years. Took about half of my Certified Financial Planning exams. Then went into sales opposed to counseling. Try to keep it simple.