401K
I am 76 and retired. I had $130k in my 401k prior to the stock market drop. I lost 10% then. Would you advise me to withdraw it or leave it. I do not need this anytime soon?
Terry Says
That depends on how panicked you will become if you lose more! I have lived through three bear markets where the major market indexes dropped nearly 50%. 1973, 2000, and 2007.
Consider the possibilities in light of your spending needs and time horizon.
