Financial preparing

Since I’m less than a year from retiring…..

Since Robert Mueller’s probe gets closer to Trump almost every single day now…

Since I think the market (financial world) is going back in a recession (I’m not alone), and…

Since I think the Trump/GOP crisis looming will make that recession even more volatile….

time to adjust my 401k’s.

Into safe, much safer, capital preservation funds.

I had some friends about 10 years older than me that saw their 401k savings demolished in 2008 just as they were retiring.  I’ll be damned if that will happen to me.

I’d rather stash (almost….90-94%) everything in safe funds now, and see where the next 18 months land our country and the economy.  When things stabilize, I can always shift again.  I don’t want to lose my nest egg now.  Not enough time left (contributing) to make up for a giant recession like I was able to from 2008. (and even then, I saw the writing early and was able to move funds sooner than many of my contemporaries did who then lost way more by waiting.)

So, I spent the morning reviewing both funds, analyzing, reading up, then pulled the trigger on both.

I feel much safer/more secure now.  Makes me happy.  🙂

25 thoughts on “Financial preparing

  1. Jimmy

    There is nothing wrong with moving everything into a safer place, you have to go with your gut, especially when it comes to your financial security…

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  2. Jean R.

    Totally agree with you. I didn't lose anything in 2008 because I was in safe, capital preserving funds. I might not be making much on my money but it's still there.

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  3. DJan

    Good for you. I too feel it coming. I lost hundreds in monthly income in 2008, which has now returned, but I haven't any idea how to protect myself this time. We managed then and will manage this time, I hope. 🙂

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  4. Janie Junebug

    I'm happy to be starting yet another retirement fund at my new job. My other funds are already in super secure spots. I think we are headed for financial trouble, too. I can't wait for Trump to find a way to blame it on Barack Obama. Trump has certainly been happy to yap about how great the economy is because of the lord and master himself. He's reaped the fruit of the previous administration's work along with cyclical occurrences. Love,Janie

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