Since the market has done so well this year with my retirement savings (457 and ROTH IRA) it would be nice to stash away/reinvest some of the gains rather than simply letting it ride. But where?
I'm living off social security and an annuity and have yet to withdraw any of the savings. The amount invested at the start of 2013 was enough for me to comfortably withdraw 4% a year until death but I haven't needed it so I've left it alone.
The portfolio has grown $120,000 this year but it's just paper gains as no additional shares were purchased (since I'm not working). So when the market turns downward this "profit" will be gone.
What do you think? Should I just leave it alone or take some out and do something else with it? The investments are diversified in several TIAA-CREF funds.
Any advice is appreciated. Thanks.
I'm living off social security and an annuity and have yet to withdraw any of the savings. The amount invested at the start of 2013 was enough for me to comfortably withdraw 4% a year until death but I haven't needed it so I've left it alone.
The portfolio has grown $120,000 this year but it's just paper gains as no additional shares were purchased (since I'm not working). So when the market turns downward this "profit" will be gone.
What do you think? Should I just leave it alone or take some out and do something else with it? The investments are diversified in several TIAA-CREF funds.
Any advice is appreciated. Thanks.