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I just spent 2 hours on hold trying to get money out of my IRA (Original Post) jpak Mar 2020 OP
You might be better off waiting. Eventually the market will recover. The Velveteen Ocelot Mar 2020 #1
I'm leaving mine alone. The market will be back. Arkansas Granny Mar 2020 #2
Yeah, I loaned that bastard some money once jberryhill Mar 2020 #3
Why would you even try to do that now? we can do it Mar 2020 #4
Out out? Or liquidate to a sweep account within the IRA? tandem5 Mar 2020 #5
If I had the guts Dem2 Mar 2020 #6
I'll be doing that, but not yet... tandem5 Mar 2020 #7
I felt like a chump for not investing much in the past year, watching people profit like crazy... renate Mar 2020 #8
I got out of the stock market 4 years ago jpak Mar 2020 #9

The Velveteen Ocelot

(115,857 posts)
1. You might be better off waiting. Eventually the market will recover.
Fri Mar 13, 2020, 02:41 PM
Mar 2020

You haven't lost anything unless you sell.

tandem5

(2,072 posts)
7. I'll be doing that, but not yet...
Fri Mar 13, 2020, 03:11 PM
Mar 2020

you gotta wait for the punditry to shake their heads and say the phrase "tough economic times" about million times over first.

renate

(13,776 posts)
8. I felt like a chump for not investing much in the past year, watching people profit like crazy...
Fri Mar 13, 2020, 03:12 PM
Mar 2020

Waiting for a buyer's market that didn't seem to really come. Until it did. We just bought some stocks I've had my eye on and got a great deal.

Being on hold for 2 hours may have been a blessing in disguise for you. Personally, the last thing I'd do right now is sell low, but we do have a few more years before we need to draw on our retirement accounts, so YMMV. The Trump Slump won't last forever.

jpak

(41,759 posts)
9. I got out of the stock market 4 years ago
Fri Mar 13, 2020, 03:27 PM
Mar 2020

Everything is in money market accounts

I need some emergency cash to pay my Cobra premiums if I become unemployed.

I will be on Medicare at the end of the summer - if I live that long....

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