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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (25875)	11/3/2016 5:17:18 PM
From: JimisJim	Read Replies (2) \| Respond to of 34328

And the downdrafts always remind me of how my dad used to stay fully invested with no cash in his IRAs and when he had to pay the RMD during the last crisis, it was based on his previous year (12/31), but he had to sell stocks to raise the RMD and they were down 40% when he sold compared to the previous 12/31 share prices... cost him way into 6 figures when the dust settled and compared to price recoveries, etc. and all he'd have had to do was estimate the "coming" year's RMD and raise the cash the year before vs. having to sell at market bottom to raise the cash during the same year the RMD was required... So sad to see him spend a lifetime saving for retirement, never paid any interest on any loans except his mortgage, which he put 50% down on and paid off in 10 years -- I mean he paid cash for cars and kept them until they died... never borrowed a cent or paid interest on anything but that mortgage... was frugal almost to the point of being penurious, and then one simple stupid mistake cost him (at the time) about 1/4-1/3 of his remaining IRA's value and never got it back as he had to sell almost twice as much stock to raise the same amount of money if he'd just raised the cash the previous year to meet RMD... what's worse, is he didn't learn his lesson and continued to repeat this every year until he died in Feb. of this year.