$$$ Question

[MossRoad]

They say that if you're within 5 years of retirement, you should basically be out of the stock market.

.

Bad advice for someone that retires at 65 and lives to be 100. They'd pull out of the market at 60 and then do what for 40 years? So if they retire at 60 with 500,000 and let it sit in "secure" investments, inflation will eat it up.

With moderate risk, they can double their money every seven years or so. If they had doubled their money every seven years, they would have doubled it at 67, 74, 81 and 88, and 95. That's 1,000,000, 2,000,000, 4,000,000 and 8,000,000 and $16,000,000.
As in anything in life, retirement has variables and no two individuals are the same. I tend to agree with Gatorboy on this one. Fun to discuss, but probably not the best place to get financial advice. You should seek the help of a professional financial planner that doesn't charge outrageous fees, or take some courses in your local area or even on line. There are several companies that have very good planning tools. One is Fidelity. Tons of tools and literature to read and digest so you can make sound decisions for YOUR situation.

 

[riptides]

Not sure I'd take financial advice from folks on a tractor forum.

And why not? There are some pretty smart and successful people on this forum.... or at least they claim to be.

Tractors ain't cheap.

-Mike Z.

 

[ToadHill]

Gatorboy: How do you think some of us got the $$$'s to buy our tractors and land.

 

[Chuck52]

DumbDog,

Isn't IRETS in the midst of a buy-out competition? Some big real estate group is, but I can't remember which. I have about half my retirement account in a real estate based account with TIAA, and it seems to make a reasonable return every year....or at least has for the last several, even when the market tanked.

Chuck

 

[MossRoad]

or at least they claim to be.

That's the key. You never know who is on the other end of these conversations and what their motives are.

 

[Gatorboy]

....or at least they claim to be.

You've hit the nail on the head!

 

[scott_vt]

They say that if you're within 5 years of retirement, you should basically be out of the stock market.

Mornin Charles,
Who are They ?

If thats the case why do they have date specific retirement mutual funds ? These retirement funds become less aggressive the closer you are to your retirement date, but still are actively invested in the market !

 

[DUMBDOG]

DumbDog,

Isn't IRETS in the midst of a buy-out competition? Some big real estate group is, but I can't remember which. I have about half my retirement account in a real estate based account with TIAA, and it seems to make a reasonable return every year....or at least has for the last several, even when the market tanked.

Chuck

Not from anything I have seen, there is one that some are competing over, but cannot remember the name at this time. Irets has just added some commercial property, but their acquisitions are pretty low key and you do not hear about them until they are over.

 

[cp1969]

Bad advice for someone that retires at 65 and lives to be 100.

But good advice for someone who retires at 65 then loses his hat, *****, and overcoat in the stock market then has to live in poverty.

 

[MossRoad]

But good advice for someone who retires at 65 then loses his hat, *****, and overcoat in the stock market then has to live in poverty.

This is exactly why that person should not have gotten financial advice on a tractor board. He should have been diversified enough not to loose his clothing. A competent investor knows when to get in and get out and has a portfolio that is diversified enough to protect against huge, catastrophic losses. You need to keep your money growing in case you live to be a ripe old age. That doesn't mean risky investments, it means sound investments and good, professional advice, if needed.