Forum Thread

any way to get money out of Rolled Over IRA

5,737 1,572 January 23, 2018 at 06:42 AM
Deal
Score
0
833 Views

Thread Details

0 Deal Score
833 Views
Stock market been too hot i think were headed for a correction have 20 years before i can touch this money but have a substantial amount..anyway to take some out?. Id hate for the stock market crash and lose 30% of my portfolio.

any suggestions were i dont get hit with that early wthdrawal tax?

8 Comments

1

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Dec 2015
L3: Novice
141 Posts
56 Reputation
#2
If the goal is to simply not lose money why do you need to make a withdrawal? Can you reallocate to a more risk averse portfolio to avoid potential stock market decline?
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Aug 2010
L9: Master
5,737 Posts
1,572 Reputation
Original Poster
#3
Quote from Rob_799
:
If the goal is to simply not lose money why do you need to make a withdrawal? Can you reallocate to a more risk averse portfolio to avoid potential stock market decline?
good point havent thought about that
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Nov 2006
L5: Journeyman
577 Posts
185 Reputation
#4
Yeah, if you are truly worried about it just swap some holdings for a money market type fund which is essentially like holding cash.

But people have been saying we are due for a correction for like 5+years
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined May 2017
L6: Expert
1,146 Posts
164 Reputation
#5
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2007
L10: Grand Master
6,877 Posts
#6
Quote from phillint
:
move it to ira cash account
https://budgeting.thenest.com/can...21081.html
You need to do some more reading
Reply Helpful Comment? 0 0
for those that hate spelling mistakes www.walmarts.comCool

bulb save money by checking your insurance every 2 years (and not every 20) Thanks Liberty Mutual for reminding me to shop. The $842 increase this year sums it up. Across the board increase for Ohio....whatever
This comment has been rated as unhelpful by Slickdeals users
Joined Nov 2014
L3: Novice
113 Posts
26 Reputation
#7
Even if the market "corrected" and you lost 30%, you'd almost be certain to regain your losses and way above in the next 20 years

Example: 2008 S&P return was -37%, if you had 100k in an ETF you'd have lost $37k

If you did nothing for the following 9 years, that $63,000 would have present day value of about $220k

This doesn't take into account a dividend yield of 2.33% for the S&P

Take the time to educate yourself and fully understand what actions you take with your money. Never act based on something someone tells you. Remember you are the steward of your money and it's your responsibility to handle it well.
Reply Helpful Comment? 0 0
Last edited by timbertdi January 24, 2018 at 11:37 PM.
This comment has been rated as unhelpful by Slickdeals users
Joined Dec 2005
L10: Grand Master
8,492 Posts
1,297 Reputation
#8
The market has been "correcting" since 1/2017. This IS the correction.
Reply Helpful Comment? 0 0

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Nov 2014
L10: Grand Master
16,049 Posts
3,024 Reputation
Pro
#9
Ah... why don't you just reallocate AKA as sell it into cash? You can have cash in an IRA acct.
Reply Helpful Comment? 0 0
Page 1 of 1
1
Join the Conversation
Add a Comment
 
Copyright 1999 - 2018. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard