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Reply to "What do people do when a serious downturn happens 5 years or so before retirement?"
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[quote=Anonymous]I’m 53 as well and DH I have most of our retirement savings in stocks. ($2M+) Things like Vanguard Total stock market funds. Even if it’s a down market for 5-10 years at the start or near retirement, in the long run and over 30 years+ of retirement, we will have a greater return from stocks. (Around 7% average.) Anything I put in bonds or cash is really a losing proposition with inflation and other things, relative to stock low cost mutual funds or ETFs. I would live off of other non retirement savings, work part time, or spend less if I lost my job over the next 10 years and there were a down market. I don’t understand having 40%+ of a $1M+ portfolio in cash or bonds if you are under 70. You have more than enough time to make up for any downturns as long as you don’t sell a bunch immediately. [/quote]
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