need help for IRA rollover

music man · #1 (**permalink**) 11-12-2008, 02:35 PM

Hi,

I would need some advice here about my IRA rollover.
About 10 months ago, i rolled over my 401k to IRA and my porfolio is >70% stocks, <30% bonds. Now it drops from 90k to 50k. What should i do now?
Should i leave the money there since if i sell, i have loss now. Or should i sell since econ is still bad in the near future and it may drop even more.
Please give me advice.

Thanks,
-MusicMan

pants711 · #2 (**permalink**) 11-18-2008, 10:34 PM

If you are younger than 60 years old, I would just leave it be and fund it to the max annually. The cycle of the market will come back up, it always has.

david007 · #3 (**permalink**) 11-19-2008, 06:08 AM

IMO, you should leave your money there.

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