I was forced to retire in Dec 2016. So I can not buy any shares in my IRA or Roth IRA. Otherwise I'd take my $130,000 in a 3% annuity and just buy some IRA shares. My funds are down $2.20 a share. I know I have lost $75,000+ in face value just since Monday. But I will let it ride.
The only PANIC thing I did was stop my March 1st monthly $3500 auto draw off my traditional IRA as I do have my military retirement check, my VA disability check, and my SS oldfart check. The $3500 goes mostly on my Mortgage Principal only. I can skip a month. Bought 12 years ago at $350K. Is valued at $735K but owe $147K due to paying extra principal. With a $24,800 Standard Deduction, having Mortgage interest and property tax deduction does not make enough over that $24,800 standard.
But if you are over 70 1/2 years old you MUST be taking a Required Minimum Distribution (RMD) or the IRS will hit you with a 50% of the RMD as a fine. So you must be selling shares at this low time. Hope you can time it right without getting fined.
Retired, US ARMY 1973-1994 ASE mechanic, Electrical 1994-1997 Retired GTE/VERIZON/FRONTIER 1997-2015
Posting cheap tech help (CRAP) here since Nov 97, 1000's of posts, some may be good.
03 Suzuki Burgman 650(Burger King) Scooter 65 Formula S Cuda 78 Little Red Express Truck 98 Buick Regal (wifes car)
