McCain: Suspend mandatory stock sales for retirees

The whole point of retirement is to live off the money you have saved, not to try to maintain the rate of growth you achieved while you were still working. So yes, a whole lot more of your money should be in CDs and the like once you retire.

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Have you ever heard of the concept of losing mone safely?

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Well, if you had money in an Dow index fund, you would have lost 18% of your money this past week. How much did any one senior's CD lose last week?

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Originally Posted by ChumpDumper

The whole point of retirement is to live off the money you have saved, not to try to maintain the rate of growth you achieved while you were still working. So yes, a whole lot more of your money should be in CDs and the like once you retire.

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you have to scale down on stocks, but as I mentioned earlier a 20% allocation reduces risk. also, within that CD spectrum diversification into munis, if outside the IRA, or AAA bonds will also reduce long term risk and help keep up with inflation. Thus, a properly diversified age sensitive portfolio would still have some problems in this market, so if the government wants to give people a break on the RMDs sobeit.

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Originally Posted by 2centsworth

it all depends. How about someone who's elderly and doesn't need the money and is investing it for their grandchildren.

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Then it shouldn't be in a retirement account.

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Originally Posted by Wild Cobra

Then it shouldn't be in a retirement account.

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Tax free money, at least a roth.

who cares about the post. this is the nba re tart. and it is all about this baby,:lobt2:

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Originally Posted by Wild Cobra

Then it shouldn't be in a retirement account.

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tax-deferral is a beautiful thing, unless you believe investors should pay higher taxes?

I like the Roth idea if you want to keep playing the market after you retire. Still, this like so many other stories surrounding the crisis were born from the thinking that the economy and markets could never stop growing.

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Originally Posted by ChumpDumper

I like the Roth idea if you want to keep playing the market after you retire. Still, this like so many other stories surrounding the crisis were born from the thinking that the economy and markets could never stop growing.

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it's grown since the great depression and should continue to do so, but we are in serious tough times. hopefully this is a blessing in disguise and we will open our eyes to the medicare crises ahead.

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Originally Posted by 2centsworth

tax-deferral is a beautiful thing, unless you believe investors should pay higher taxes?

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Roth has it's advantages depending on income class.

Still, if the intent is to have retirement money, less money should be in stocks as you get older because of thier volitility.

This isn't something I wish to take too much time on. I made my relavant points in my first posting. I'm for changing over to "THe Fair Tax" anyway. It would take away the advantages with a ROTH account if it were to pass.