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My husband and I are retired (ages 54, 55 respectively) and just sold our home to our son. We have already moved into our vacation house which we own free and clear and are living on our pensions. We have a little money invested in S&P500 index fund and a money market fund. We both also have deferred comp accounts that we aren't tapping into yet. Is it better strategy to put the total $ we want in the S&P500 right away or put all in money market and invest in index fund monthly until reaching the amount we want in it? Dollar cost averaging or all at once? Any advice would be appreciated.
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Greetings, Nwolf41, and welcome. You wrote:

<<My husband and I are retired (ages 54, 55 respectively) and just sold our home to our son. We have already moved into our vacation house which we own free and clear and are living on our pensions. We have a little money invested in S&P500 index fund and a money market fund. We both also have deferred comp accounts that we aren't tapping into yet. Is it better strategy to put the total $ we want in the S&P500 right away or put all in money market and invest in index fund monthly until reaching the amount we want in it? Dollar cost averaging or all at once? Any advice would be appreciated.>>

A number of studies comparing lump sum versus dollar cost averaging investing have shown that neither is significantly better than the other over the long-term. Thus, do what makes you most comfortable. Given the gyrations of the current market, many would prefer dollar cost averaging.

Regards..Pixy
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