What should a 29-year-old do with a >$10k IRA rollover during a market downturn?

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  • #100710 Reply
    Watson

      you rolled it over excellent! As mentioned ignore the naysayers about the market.

      When I was 29 that’s when I figured out to ignore the news.

      The number one thing is for you to understand what you are investing in.

      S&P 500 funds (many to choose from but mostly the same) are very popular.

      If you understand what it is, invest in that.

      I use Vanguard but I’m boring and old.

      We are all very proud of you Megan! Keep shaking and learning and you’ll get there.

      #100711 Reply
      Saul

        I myself would pick VTSAX and/or VOO and chill!!! This would be in Vanguard

        #100712 Reply
        Sean

          I mean I wouldn’t have rolled it over. But since you’ve already don’t that now all that’s left is to invest it.

          #100713 Reply
          Lisa

            Don’t worry about the current market, you’re in for the long haul…VTSAX is a good place

            #100714 Reply
            Sandy

              pick an asset allocation that matches your risk tolerance and time frame (likely an aggressive, stock-oriented strategy), Invest it all now and don’t stress about what the market does over the next several months or years.

              If this is in a traditional IRA, you won’t likely be withdrawing for at least 30 years.

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            Reply To: Reply #100713 in What should a 29-year-old do with a >$10k IRA rollover during a market downturn?
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