Any of you over 59&1/2 years people with an IRA considered or already have dumped your IRA for something safer? Tax hit or not another 2&1/2 years of this administration there's not going to be enough left of it to make a difference. A low interest savings account doesn't look that bad right now.
That wouldnt make much sense, but I dont know your exact situation. Getting out now (the damage is already done) is probably not a good move (I am not a pro). Things will turn around before too long and make their way back up. The market keeps going. One thing that is wise to do and is likely the route I will take when it nears time to retire is to have a CD ladder to cover 3 years of expected spending. That will allow me to live off the CD ladder while the market goes through its roller coaster events. I will have a CD to cash out every year that will provide a years worth of spending. If the market is still down after that year, when I cash the second CD, I wont buy one to replace it. When the market comes back up and its ok to sell mutual funs (or stocks), then rebuild that CD ladder.
