Posted on Oct 18, 2020
Older Americans are selling the stock market, slowly but ceaselessly, to junior generations
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Transition of investing styles from one generation to the other...
Older Americans are selling the stock market, slowly but ceaselessly, to junior generations
Posted from cnbc.com
Generation
Baby Boomers
Millennials
Stock Market
Investing
Posted >1 y ago
Responses: 1
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For those who rely on investments for retirement and are close to retirement it makes sense to convert equities to safer investments like government bonds or cash. Those whose retirement funds are in equities and have a portfolio of $300,000, and the stock market goes down 30% for the year, the portfolio value will become $210,000. This scenario has actually played out and it changed retirement horizons and assets. Take my advice and convert your equities to safe investments a couple or few years from retirement.
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MAJ Ken Landgren I don't do stocks or have any investments outside of my TSP but this is something I'll consider down the road. Maybe as I get older I'll invest in treasury bonds seems safe enough.
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MAJ Ken Landgren
PFC (Join to see) - What funds are you invested in TSP? Do you have a Traditional or Roth account.
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MAJ Ken Landgren I just have 5% deducted from my paycheck each pay period. I have an traditional account.
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MAJ Ken Landgren
You should maximize for the matching funds. Chances are you are invested in a stock mutual fund. Lets say you invest $4000/year. Let's also say you are in the 20% tax bracket. You will get a tax break. Instead of paying 20% on the $4000 which is $800. You essentially will save $800 on taxes.
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