Stock Market/Investing/Fin Planning Catch-All

Callatoroy · Friday at 10:01 AM

UNCatTech said:
I wish I understood any of this. I'm too close to retirement to suffer another recession.

I was looking at my 401K last night and I don't have a lot of good options outside of stocks.

All the bond fund I have are around 2-4% average return over the past 3, 5, 10 years. But that would probably be better than a nosedive in the markets.

But the good news is there are a lot of good stocks to choose from.

Callatoroy · Friday at 10:09 AM

mpaer said:
In Feburary I have to change my "life savings" from a 5.1 % "CD" I am way too dumb to know what to do with it Right now it is basically equal to Soc sec-so it is a big deal for me-like 25% of my Net income. I save every penny of Soc Sec and this income for "inflation" and Nursing Home care . If they offer me a 4% CD I guess I will take it?

Without trying to be to personal, have you ever talked to a CFP? There are a ton of options that offer better returns than CDs without having to push yourself into a higher risk tolerance zone. Whatever you do you have to be at peace with it and stressing over investments isn’t a comfortable way to live in retirement.

mpaer · Friday at 4:13 PM

Callatoroy said:
Without trying to be to personal, have you ever talked to a CFP? There are a ton of options that offer better returns than CDs without having to push yourself into a higher risk tolerance zone. Whatever you do you have to be at peace with it and stressing over investments isn’t a comfortable way to live in retirement.

Thanks
Right now I save 40% of my monthly income-so not stressing yet