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Old 11-12-2008, 06:35 PM
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Join Date: Mar 2008
Location: CA
Posts: 4
Default need help for IRA rollover

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
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Old 11-19-2008, 02:34 AM
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Join Date: Oct 2008
Location: San Francisco, CA USA
Posts: 58
Default Re: need help for IRA rollover

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.
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Old 11-19-2008, 10:08 AM
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Join Date: Feb 2008
Location: USA
Posts: 121
Default Re: need help for IRA rollover

IMO, you should leave your money there.
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