the thing is that everyone who made a bundle since the market was 6000 will be in a lot better shape for the collapse if they take their money out than those with none.
head injury over five years ago. wiped out 401k to survive. I will be screwed when the stuff hits that fan. Just started working at office job on staten island again for good pay. but if everything goes under it will be gone.
Sometimes wonder if I should have just headed to PA for 400 a month rent and lived out my days up there.
It’s always great if you can time the market.
The thing is, if you’ve done well, you are not just timing the market, you are giving away a big chunk of the “gains” to the government in taxes. So, you have to be right about a drop even if your intention is to just take a pause.
There are ways to take a pause without a full tax hit, but they cost some money (i.e, hedging with options).
Timing is wonderful when it works...
Sorry to hear about your injury... I read about it on one of your posts a few days back. Good luck.
My wife and I reach 62 next year. If necessary, we could live on our home and 32 acres on SS alone.