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C IL | I’m young but my FIL has been retired for 15 years.
He jumped out before the 08 crash and looked like a genius. He told me a few months ago he has been sitting in cash and bonds since. Looks to me like (1) he still has his money, a generally excellent choice for a retiree (2) he missed a chance to double his money, but it would have required taking a (possibly unnecessary) risk, and (3) he very likely has 10+ years of retirement left and, 10 years ago, didn’t make a 15 year plan for a chunk of his capital at that time, which is causing him considerable angst at this point.
I’m no money expert but 15 years from now is a long time and the market has a long time to recover. Dunno your family genetics but it’s something to think about, whether you expect to need the funds then or if they will be passed on to heirs or if the money will be long gone at that point. | |
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S&P 500
