[USER]

I’m 55, looking to retire in about 5 years. I have a decent pension, but looking for advice about where to park 10k and more to supplement my pension.

I opened an account with Fidelity, the advisor suggested parking my funds in FFANX Asset management.

Any other suggestions.

I’m looking for
moderate risk I guess at my age.

[Pat]

Honestly, at 55 and a 5 year outlook, I’m not sure I’d recommend entering the market right now. I’d put it in a HYSA, personally.

If you don’t need it for at least 10 years, then consider a low cost broad based index fund like VOO.

[Brad]

Definitely don’t avoid the stock market. S&P type Mutual funds are on sale.

Avoiding advice from fearful investors has made me a lot through the years.

[Tanja]

If you like working I would stay but I would just tell your employer that you’re going to be taking some unpaid time off.

You have that leverage because if they don’t allow you to do so, then you leave that employer.

And if that’s the case you can always use ACA for healthcare until you’re 65.

I’d live my life if I were you.

[Jhon]

When the market is at a significant discount, it is more cost-effective to buy some stocks of companies with good potential value and put them in Fidelity than to leave them in your account.

[Author]

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