Quote:
Originally Posted by prototoast
Please don't keep your 401k in cash. Also, please don't consider what the market will do in any given year--you should be forming expectations on a much longer time horizon.
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Forgot to mention I am 66 and will be transitioning to working part time Jan 1 and start drawing Social Security. So my time horizon is not super long.
My wife has a good pension so our income will not drop as long as I am working part time. Even when I stop working she can start getting Social Security and our income will about the same. Hopefully we will not have dip into 401K for a long time unless we spend a lot more on things like vacations and home improvements.