Where should retirees put their money?

[AJT]

There hasn't been anywhere else to put money with interest rates so low, but is it safe to keep my money in the market? If not then where? With 45 in office I'm worried about both the market and treasury bonds.

[Warpy]

1. You should be. This clown has the capacity to wreck everything

because he doesn't understand any of it and he won't listen to advice. Whether he will or he just gets bored and turns it over to Goldman Sachs is the question.

I don't know what to say. Nobody knows until after the disaster is over and everybody counts up what's left.

[Sherman A1]

2. A valid question and one that many of us consider

Just retired and rebalanced the 401k. Considering the rumbling talk of changes or ending both Social Security and Medicare this is a huge concern for me. At your age I think you almost need to take some risks in the market, but check it often and have some back up plans as to what you can do to prepare for retirement.

[BlueMTexpat]

3. If you don't already have

a financial advisor you trust, I recommend that you look one up through Raymond James. https://www.raymondjames.com/

They have been in existence since 1962 and vet affiliated advisors pretty well. OTOH, the company was involved in a couple recent controversies and did have to pay restitution to some clients in 2011 for excessive transaction fees. https://en.wikipedia.org/wiki/Raymond_James_Financial

Whatever you do, be sure to check out what others have said about any financial advisor/company you decide to work with. My husband and I fortunately have had the same financial advisor since 1994 when my husband first retired with a lump sum instead of a pension. He has served us well and ethically for 27 years, through good times and not so good. He joined the Raymond James network in 2013, which is the only reason why I recommend them.

I trust him more than I trust any private institution because he is an ethical person. He was also a Hillary supporter in 2016, which was a nice bonus.

The market is still the best bet for making money - even with the current uncertainly and the likely disaster that the Trump administration has so far been/will be. But you need to invest wisely and conservatively, with a balanced portfolio. The best way to do this is to get good financial advice.

[BlueMTexpat]

4. If you work/have worked

in education, medicine, culture or research, you may be eligible to participate in TIAA-CREF. It's history dates back to the late Andrew Carnegie. http://www.investopedia.com/terms/t/tiaa-cref.asp

https://www.tiaa.org/public/offer/services/my-retirement

[safeinOhio]

5. I've moved into cash.

Well, not in a mason jar, but savings account.

When everything goes to hell, cash is king and that's the time to invest.

[KewlKat]

6. I've really been losing sleep over this very question. I saw what happened to our small

401s in 2008. Years to recover. Husband is early 70's and I had hoped to retire this year. I don't know of anyone we trust to ask about all this. We need to feel a bit better about the few dollars we have managed to save. I feel like we are all heading off the cliff regarding our retirement plans.

[Adrahil]

7. My personal strategy....

This summer, I intend to move the balance of my retirement savings and my daughters college savings to bonds. I'll keep buying stocks for now, but I expect the market to take a steady down turn in the second half of the year, when the greed of wall street realizes that Trump has no idea what he is doing and the economy is not going to see a marked ramp up.

[doc03]

8. Good question. Banks are raking in 20% plus in credit card interest but pay out

next to nothing to savers. Money market mutual funds pay out even less. In those two you are losing money every day because the inflation rate exceeds the interest rates.The Bond markets have lost a trillion dollars in
value since this so-called president was elected. There is a melt down of the stock market looming. You buy gold you need to
pay to store it and it pays no dividends. The only thing I know to do is stay in my target date retirement fund, it is currently
invested in 40% stocks and 60% fixed income and hope for the best. It has served me quite well so far.

[ProfessorGAC]

9. I'm In Multiple Funds and Segments

And i've got about 20% in bond funds, and the other funds have some bond money. I've got a personal advisor at Fidelity which i guess you get when you hit a certain tier of savings. (I've been saving for four decades.) They have me in a managed fund (lower fees than i expected) and constant monitoring of conditions. So, i think i've been set up to be a little more resistant to market changes, but like anybody else approaching retirement i'm hoping these idiots on the right side of the aisle, and at 1600 Penn, don't fuck things up

[Johnny2X2X]

10. Be careful

Opportunity costs is a term you should get to know. Don't miss out on a boon because of politics. The anti Obama gold idiots missed out on the greatest era for gains in the stock market in history because they let politics cloud their judgement. So they made next to nothing on metals while the rest of us triple our money in the markets.

If you are retired or close to retirement you should already be out of the markets, period.

If you are 10+ years from retirement do nothing or close to nothing, you're in it for the long haul and no matter the losses you will get them back.

Now, are the markets over bought? Probably, but the fundamentals of the economy are strong right now and it's going to take Trump a while to screw it up. Will his policies ultimately be a disaster for the economy? Absolutely, we've seen this show before, his policies have been tried and they always lead to a recession. But this market could carry on for 2 or 3 years, the DOW could hit 25,000 or more before it pulls back. You cannot be sure, many many people smarter than I have lost big trying to time the market.

For me? I am 23 years from retirement, I started saving later than I wanted to so I might take some risks and pull some of my money out of the markets when the time is right, I might pull 50% of my 401K out late this year or early next year. This is just to avoid the losses that are coming, I'll be right back in when the floor hits. I figure if I can pull $50K and drop it into something 100% safe I can avoid that $50K dropping to $25K, then I can get back in at the bottom and see that money double when the market comes back. Huge risk, I know, but I started too late and if I have an opportunity to turn $50K into $100K I have to try.