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With the stock market plunging. . .

Brett

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This is market timing.

indeed it is.
some people believe they have the ability to pick the low and high points in the stock market and jump back in at the "right time"
They wish us long term "buy and holders" good luck

maybe we will need luck .... but I also periodically transfer money from equities to fixed income to mitigate that luck
 

geekette

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Another IRA question... for those that need to, it would be nice of the government to relax the current early withdrawal penalty from IRAs. Doubt it will happen, but I suppose it’s possible.
This is being discussed.

There were already exceptions, including "for certain medical expenses", but we need it Lifted.
 

geekette

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I think he is thinking of asking to recalculate based on reduced amount, not more. In 2009, RMD was deferred for a year because of the recession.
While I didn't know that, since I'm underage enough to have not noticed it, I think defer is quite different from recalc. We are early in the year so I could see deferment being reasonable. I don't see recalculation as workable. As Of is a moving target, who gets to pick that date?
 

easyrider

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Tomorrow is going to be a bad morning. It might be better by close if the stimulus bill gets passed but because it didn't pass today tomorrow morning might be very bad.

Bill

 

VacationForever

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While I didn't know that, since I'm underage enough to have not noticed it, I think defer is quite different from recalc. We are early in the year so I could see deferment being reasonable. I don't see recalculation as workable. As Of is a moving target, who gets to pick that date?
Agree. Recalculating won't work.
 

CalGalTraveler

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I cannot bear to look anymore. I am glad we were not over-invested in the stock market. We were at about 57% stock to cash/bond 43%. Now that ratio has likely flipped but with a smaller total. :( I am optimistic this will come back in 2 years. We are targeted to retire for a few more years so hope it will recover.
 

Fredflintstone

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I cannot bear to look anymore. I am glad we were not over-invested in the stock market. We were at about 57% stock to cash/bond 43%. Now that ratio has likely flipped but with a smaller total. :( I am optimistic this will come back in 2 years. We are targeted to retire for a few more years so hope it will recover.
I am sorry you are losing your hard earned money when you expect to retire in the next couple of years. I still believe this situation will be solved in record time. This is because literally the world is working on it. Someone somewhere will find an answer. Once that happens, everything will Rocket up. Why? The panic caused things to rocket down. We are in serious oversold territory.

You may be now but soon will be when a solution is found.


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dioxide45

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I cannot bear to look anymore. I am glad we were not over-invested in the stock market. We were at about 57% stock to cash/bond 43%. Now that ratio has likely flipped but with a smaller total. :( I am optimistic this will come back in 2 years. We are targeted to retire for a few more years so hope it will recover.
I still haven't looked at our 401Ks. Not planning to, bu curiosity may get the best of me. We still have at least 20+ years to retirement, but it may still be hard to make it all back even in that long of a period of time. Of course, we will continue regular contributions through our pay, so IF the market goes back up, at least those will earn a return.
 

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I haven't looked at portfolio value, only transactions. Like a bad day at work, it's nice to log in and see "who paid me today?" I also compared price to 52 wk highs/lows to see that we really haven't slid much.

Back in record time? well, any time we are back is a record, since this hasn't happened before.

Rocket up? yeah, I don't know about that. It's gonna be what it's gonna be.
 

VacationForever

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I refuse to look at my portfolio. If recovery takes 2 years, so be it. Even if it takes 10 years, it is what it is. We are just glad that my husband's RMD is the only thing in play as we do not need to dip into the overall portfolio other than maybe 50K over the next 2 years as we had some unplanned expenditure last year. We will survive this.
 

Luvtoride

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I refuse to look at my portfolio. If recovery takes 2 years, so be it. Even if it takes 10 years, it is what it is. We are just glad that my husband's RMD is the only thing in play as we do not need to dip into the overall portfolio other than maybe 50K over the next 2 years as we had some unplanned expenditure last year. We will survive this.
I hear you, it is hard to look. We had a call with our Financial Advisor yesterday (he hasn’t directed our current holdings) and I felt like I had to look at our 401k and IRA’s. although it hurt it wasn’t as bad as I thought it would be. I still have about 3 years until my planned retirement (my wife retired from the Healthcare field 7 months ago...luckily). I still feel confident that we will recover and We will redeploy some of our assets into insurance products (annuities) that will protect us from future market dives like this while giving up some upside potential. I’m just glad it happened now while we’re in the midst of planning our retirement. It is a sobering “real life” example of what can happen.


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Fredflintstone

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I hear you, it is hard to look. We had a call with our Financial Advisor yesterday (he hasn’t directed our current holdings) and I felt like I had to look at our 401k and IRA’s. although it hurt it wasn’t as bad as I thought it would be. I still have about 3 years until my planned retirement (my wife retired from the Healthcare field 7 months ago...luckily). I still feel confident that we will recover and We will redeploy some of our assets into insurance products (annuities) that will protect us from future market dives like this while giving up some upside potential. I’m just glad it happened now while we’re in the midst of planning our retirement. It is a sobering “real life” example of what can happen.


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The one thing about life I love is it’s always full of challenges. Never boring. This is just another challenge.


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VacationForever

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I hear you, it is hard to look. We had a call with our Financial Advisor yesterday (he hasn’t directed our current holdings) and I felt like I had to look at our 401k and IRA’s. although it hurt it wasn’t as bad as I thought it would be. I still have about 3 years until my planned retirement (my wife retired from the Healthcare field 7 months ago...luckily). I still feel confident that we will recover and We will redeploy some of our assets into insurance products (annuities) that will protect us from future market dives like this while giving up some upside potential. I’m just glad it happened now while we’re in the midst of planning our retirement. It is a sobering “real life” example of what can happen.


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Good thinking on annuities.

When our FA advisor reached out to us last couple of weeks, I told him that my purchase of deferred fixed income annuities using all of my IRA in 2016 was done so that we did not put all eggs into one basket. We had zero regrets when market kept going up, and now we are looking like geniuses. Diversification is the key.
 
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bogey21

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We will redeploy some of our assets into insurance products (annuities) that will protect us from future market dives like this while giving up some upside potential.
I have always been a big fan or annuities. Everything I own is an annuity (Pension) but because of low interest rates I suspect they are a bad buy today...

George
 

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I was big on automatic stop loss triggers a few years ago because I didn't want to go through the roller coaster dives of 2001 and 2008 again. Ended up cashing out early during volatility in the early 2008 recovery so didn't set them again. Wish I had done so. Oh well, it will come back in time. We will be fine.

Two pundits that I respect say this will pass and the markets will rise again in the next 12 - 24 months.

Bear in mind that the 1918 pandemic preceded the roaring 20s
 

Fredflintstone

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I was big on automatic stop loss triggers a few years ago because I didn't want to go through the roller coaster dives of 2001 and 2008 again. Ended up cashing out early during volatility in the early 2008 recovery so didn't set them again. Wish I had done so. Oh well it will come back in time. Two pundits that I respect say this will pass and the markets will rise again in the next 12 - 24 months.

Bear in mind that the 1918 pandemic preceded the roaring 20s.
Yes, one of my earlier posts showed the history of virus or disease scares. Mind you, I don’t think businesses were forced to close.

Although I see the travel industry badly hurt, I do see them getting bailed out. We can not afford to have (especially airlines) these core industries to fail. The bailouts they receive should tide them over and prepare for them to explode once this is over.

I see timeshare companies fairing better than the traditional hotel systems. This is because they still get cash from owners. I assume owners will be able to extend their benefits until they can travel again. This will equate to an explosion of owners returning and spending money at the resorts. After all, they have been cooped up and will be yearning to spread their wings.


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pedro47

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I feel the cruise lines industry will be the hardest industry to recover financially because no future passengers wants to be confined on a cruise ship for days out to sea or not knowing when they are going home again. IMO.
 

Bucky

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Tomorrow is going to be a bad morning. It might be better by close if the stimulus bill gets passed but because it didn't pass today tomorrow morning might be very bad.

Bill

Could do a 180 before the day is over though. The vote was party line which Unfortuneately is how everything is under this administration. The Republicans were heavy on bailing out businesses. The Democrats are heavy on bailing out individuals. I think they will come together very soon to pass something. The Democrats want to win the election this fall and they cannot afford to look like the bad guys on this.
 

Brett

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Could do a 180 before the day is over though. The vote was party line which Unfortuneately is how everything is under this administration. The Republicans were heavy on bailing out businesses. The Democrats are heavy on bailing out individuals. I think they will come together very soon to pass something. The Democrats want to win the election this fall and they cannot afford to look like the bad guys on this.
Or it could go 360 for another brutal day on the 'street'
 

Rolltydr

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The Democrats want to win the election this fall and they cannot afford to look like the bad guys on this.
I’m pretty sure this is true of the republicans, too. At some point, I wish both sides would put the nation’s interest above their own naked political interest. I know it will probably never happen but one can hope.
 
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