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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 am also a 75-year old retiree. Like you my Social Security and pension income is more than enough to cover my normal living expenses including Federal and state income taxes. In bank and credit union accounts, I have 6 years worth of normal living expenses. The current allocation of my tax-deferred IRA accounts is 5% cash, 9% fixed income, and 86% equities. Were I to add in my taxable investment accounts that were funded by RMD withdrawals, my cash allocation remains unchanged. My fixed income allocation increases to 14% and my equity allocation drops to 81%.

My recommendation would be to reduce your fixed income exposure and increase your equity exposure instead of migrating to cash.

But then, I am from the Alfred E Newman ("What, me worry?") school of investing. My investment portfolio declined 28% in value between 19 February and 23 March but has increased 8% over their 31 December valuation.
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