NEW RETIREE: Should i worry?

by Tom
(75019)

Just retired w/$500k in a Fidelity managed IRA. it has lost $10k in three weeks!!!

Wendy's Two cents: I'm not a financial planner so I'll leave that question to a professional... and yes, it's a scary place out there! I've lost in my deferred compensation accounts, and don't like it one bit... Yikes!

However, in this volatile market, do see someone. You need to preserve your retirement monies as best as possible.

Don't worry -- it only makes you ill!

BUT do see a financial planner just so that someone gives you some advice (actually see SEVERAL as they all have their own opinions... if a few sound reasonable, to you, and they agree in concept, that might be right for you). With that kind of financial assets, anyone will give you free advice... so use your head too!