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The Water Cooler
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2024 economic outlook
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<blockquote data-quote="OKRuss" data-source="post: 4184656" data-attributes="member: 41777"><p>The folks that really need to watch closely are the ones nearing retirement who maybe haven't shifted monies into less risky options. If you're within 5 years of retiring and your 401K takes a 50% hit, how are you EVER going to replenish the loss especially if the market rebound is really slow like predicted? Are you going to put more into a down market then increase risk in retirement to get back to where you were?</p><p></p><p>Personally, I'm in that 5 year range now so keeping an eye on the market. Trying to time the downturn? NOPE. Just being cautious as I start moving from 90-100% equity towards more of a 50-60% equity with the rest being more conservative in bonds and such.</p></blockquote><p></p>
[QUOTE="OKRuss, post: 4184656, member: 41777"] The folks that really need to watch closely are the ones nearing retirement who maybe haven't shifted monies into less risky options. If you're within 5 years of retiring and your 401K takes a 50% hit, how are you EVER going to replenish the loss especially if the market rebound is really slow like predicted? Are you going to put more into a down market then increase risk in retirement to get back to where you were? Personally, I'm in that 5 year range now so keeping an eye on the market. Trying to time the downturn? NOPE. Just being cautious as I start moving from 90-100% equity towards more of a 50-60% equity with the rest being more conservative in bonds and such. [/QUOTE]
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