**To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: calendly.com/pearlwealthgroup/discoverycall **
In my investment plan I don't say what if the stock market drops 20% but when. It's almost a definite occurrence in any long-term investing timeline and actually it's normal and to be expected
I would say moving to a stable value fund or any non-stock investment now would probably be a long-term mistake. I we suggest you wait to the next all-time high and then do this
Great plan if you have 20 or more years to invest. But if you don't, there is no need to keep throwing money into a fire.. How about a fixed index annuity. I have done well with mine. It has been great because I don't need to draw off of them at this point and it doesn't matter what the stock markets are doing..
Last year my employer canceled the pension. I chose to put my buy out into my 401k to avoid the penalty. I don’t need my 401k for retirement so Im using it to buy a house when the market cools off. I will be taking it out under the 55 rule so i will only have to pay taxes on it, no penalty. I put 100% into a stable market fund so my 401k has stayed steady thru this market. If I was not going to use it for a house I would have just left it alone. It would eventually bounce back. Might take years though. So thats why I put it in the stable value fund
If you really want to diversify, rollover the 401k into a self-directed IRA, giving you the choice to invest in real estate, commodities, crypto, etc. You're not just limited to stocks and bonds!
Great idea! Only snag is if you are under 59.5 and still working at current job with 401k. But this is a great point if you are not working at current job or over 59.5. Thanks for the comment!
Do you perhaps consider things like a pension as part of a "Freedom Fund" or could it be considered as part of the money you set aside to satisfy that need?
Understand How much risk you are taking on your current investments. Once you’ve done this re-balance your account to your appropriate risk tolerance. If you need investments for income then make sure they aren’t as volatile as the overall market. For a more personalized strategy contact me at info@pearlwealthgroup.com. Thanks for the comment!
Thank you for the question. Your 401k must have some connection to the stock market if you have lost money. Contact me at info@pearlwealthgroup.com or 813-807-5060 and we can look at it more closely.
My money is in a 401k but is only sitting there. It's not invested in anything. Could I still lose it if the bank It's stored in fails, or the stock market crashes?
You can only lose based on market returns if you are invested in individual funds, not cash. I would call your plan admin and talk through these types of concerns. Thanks for watching!
Great question! The market going to zero or your account going to zero is an armageddon style risk that we have never seen. If you stay invested in low cost quality funds, when the market recovers so will you! Contact us and we do an analysis on what you are invested in to determine the risk. Email: info@pearlwealthgroup.com
A stock market downturn and then you tell how many recessions there were? A recession is an economic event and actually historically the stock market has performed well during a recession or at least flat. The stock market is forward looking and the bad returns are before the recession hits. Edit The investment returns during the last 12 recessions have been a negative 1%
**To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: calendly.com/pearlwealthgroup/discoverycall **
In my investment plan I don't say what if the stock market drops 20% but when. It's almost a definite occurrence in any long-term investing timeline and actually it's normal and to be expected
So true!!
“Do not panic.” I totally agree. 👍
Exactly! 👏
Nice Drew!... Got my freedom fund ready to go :))
That’s awesome 😎
I would say moving to a stable value fund or any non-stock investment now would probably be a long-term mistake.
I we suggest you wait to the next all-time high and then do this
Great thought John!
It is at an all-time high now.
@@randymillhouse791 one year and a 25% gain latter
Great plan if you have 20 or more years to invest. But if you don't, there is no need to keep throwing money into a fire.. How about a fixed index annuity. I have done well with mine. It has been great because I don't need to draw off of them at this point and it doesn't matter what the stock markets are doing..
Great comment! Thanks for sharing what is working for you.
Last year my employer canceled the pension.
I chose to put my buy out into my 401k to avoid the penalty.
I don’t need my 401k for retirement so Im using it to buy a house when the market cools off.
I will be taking it out under the 55 rule so i will only have to pay taxes on it, no penalty.
I put 100% into a stable market fund so my 401k has stayed steady thru this market.
If I was not going to use it for a house I would have just left it alone. It would eventually bounce back. Might take years though. So thats why I put it in the stable value fund
Great use of the rule of 55 and understanding of the purpose of your money!
@@yourfinancialekg What is the rule of 55?
@@lindacrossley4229 Great question. Here is an explanation: th-cam.com/video/zCWtn7pyrek/w-d-xo.html
If you really want to diversify, rollover the 401k into a self-directed IRA, giving you the choice to invest in real estate, commodities, crypto, etc. You're not just limited to stocks and bonds!
Great idea! Only snag is if you are under 59.5 and still working at current job with 401k. But this is a great point if you are not working at current job or over 59.5. Thanks for the comment!
Do you perhaps consider things like a pension as part of a "Freedom Fund" or could it be considered as part of the money you set aside to satisfy that need?
Pensions are awesome! Yes, they would be considered cash flow or Freedom fund money. Great question.
@@yourfinancialekg Thanks for the fast answer.
@@rayanderson3164 😎
I am retired already. No longer contributing to 401K. What's the advice? Thanks!
Understand How much risk you are taking on your current investments. Once you’ve done this re-balance your account to your appropriate risk tolerance. If you need investments for income then make sure they aren’t as volatile as the overall market. For a more personalized strategy contact me at info@pearlwealthgroup.com. Thanks for the comment!
just roll over to an IRA and open an annuity. Thoughts???
That would work just as long as it makes sense for you. Thanks for the comment!
How can the stock market touch your money? I never invested in the stock market. When I looked into my 401k , $10,000 is gone . How?
Thank you for the question. Your 401k must have some connection to the stock market if you have lost money. Contact me at info@pearlwealthgroup.com or 813-807-5060 and we can look at it more closely.
My money is in a 401k but is only sitting there. It's not invested in anything. Could I still lose it if the bank It's stored in fails, or the stock market crashes?
You can only lose based on market returns if you are invested in individual funds, not cash. I would call your plan admin and talk through these types of concerns. Thanks for watching!
What happens if the market crashes and my IRA is left with a zero balance? If I leave the accounts open, will it recover the money back?
Great question! The market going to zero or your account going to zero is an armageddon style risk that we have never seen. If you stay invested in low cost quality funds, when the market recovers so will you! Contact us and we do an analysis on what you are invested in to determine the risk. Email: info@pearlwealthgroup.com
Gold
⚜️
A stock market downturn and then you tell how many recessions there were?
A recession is an economic event and actually historically the stock market has performed well during a recession or at least flat. The stock market is forward looking and the bad returns are before the recession hits.
Edit
The investment returns during the last 12 recessions have been a negative 1%
Great comment and information John!
Quit trying to prey on people
Thank you for the comment!