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Serious question for you guys. I've taken a pretty good hit in my 401K/IRAs (I have a long term outlook for those - I'm 48), but I'm pretty much "back in" equities in all of them. I'm 100% debt free, own my own home (and a couple of other rental properties - nothing owed). I recently lost my high-tech job (outsourced), but am still receiving a decent severance package, and have opted to go ahead and begin taking my monthly pension which is a guaranteed 8.5% return for life (not a huge amount, but it will cover my health ins., all taxes, insurance, etc. and then some, indefinitely). My take has been to ride this "mess" out (in regards to equities) since I'm in it for the long haul. I'd like to hear some of your opinions on my strategy. Thanks...
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