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cibelo: My income from pensions and Social Security is enough to live on. My rollover IRA is more than 600K. I am 45% stock 45% bond 10% cash. I am thinking that I should move to cash because I think that I am too old to ride out the upcoming recession like I have the others. Any thoughts?

I'm 78, nearly 79. No pension as such (I took it in the form of a lump sum, so it constitutes part of my traditional IRA). Our income is the RMDs from that IRA plus Social Security for each of the two of us...... I have no bonds, but do keep a money market fund at the level where it will cover between three and four years of the aforementioned RMD. Otherwise, the IRA consists of equities, mostly ETFs, a few individual companies, some good dividend payers.

I am in good health (very good health, in fact), so would be wary myself of going fully to cash. There may come a recession, but there will come a recovery. Over the years, I've weathered the ones that we've IRA, as of today, is close to its all time high, that despite my having taken years of regular RMD withdrawals. That would not be the case if I'd gone to all cash...

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