Mikedb
Dryer sheet wannabe
My IRA's are all depleting every day.
There is an option which I thought might be worth doing. Within these IRA's I can move the funds into simple Money markets or "cash reserves" . The money stays in the same IRA's, I'm not "cashing it in", but it is moved into these very low risk/low gain funds. It just looks to me like the value is going to continue to fall if I leave it as is and makes sense to at least stop it from going any further. When it looks like things are finally bottomed out, I'd move it back into the higher risk/ higher gain options in those IRA's.
Does this make sense to do? If not, why?
There is an option which I thought might be worth doing. Within these IRA's I can move the funds into simple Money markets or "cash reserves" . The money stays in the same IRA's, I'm not "cashing it in", but it is moved into these very low risk/low gain funds. It just looks to me like the value is going to continue to fall if I leave it as is and makes sense to at least stop it from going any further. When it looks like things are finally bottomed out, I'd move it back into the higher risk/ higher gain options in those IRA's.
Does this make sense to do? If not, why?