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Money and Finances
Reply to "My issue with stock market bubble fears"
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[quote=Anonymous][quote=Anonymous]We have been hedging the market by pulling out the gains based on a threshold amount in our retirement accounts into a money market acct with an interest rate of close to 4%. We started doing this at least a year before we wanted to retire. My spouse retired this past year, and I will retire next year. We have now about $400K in there. I'm hoping to have at least $800K in there by the time I retire next year. It took 3 months for my account alone to reach $170K in gains, so I think it's doable. We also have about $300K sitting in a MMA. Our Financial Advisor said that it usually takes about 18 months from the bottom of the market to recover. The amount we saved is more than enough to cover that time period. [/quote] To add.. This only covers our living expenses. My kid's college account would tank which would hurt because they are going to college fall 2026.[/quote]
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