The DOW is only 0.8% off 20% losses the technical level for declaring a Bear Market. What does a Baby Boomer do now?

In these volatile times cash is a position for Baby Boomers in retirement. But it may be too late to exit those poor performing buy and hold mutual funds.

It is time to review your retirement nest egg and consider each investment. If there are significant losses in some of the investments then it makes no sense to sell them right now. But if you have some investments down around 10% it might be worth considering putting them into cash.

This will at least provide you with some income to hopefully ride out any further market turmoil without forcing you to sell those investments with large losses against them.

It may be best to look at the Fixed Interest/Income Investments first. Read the rest of this entry »

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