Thursday, February 24, 2022

Stocks and Bonds and War

We had scheduled a phone meeting with our TIAA retirement advisor a week or so ago. Then Putin invaded Ukraine and the world's stock markets started going crazy. It was then pretty weird to be talking about our financial security, investments and stock options at this particular time. 

We have spoken with our financial advisor enough that we could actually joke about what we were doing but in reality it was all very serious as we discussed selling some of our mutual funds in particular Roth IRAs that we needed to do in order to get an income stream. Some people who spend a lot of time worrying about the stock market would have been freaking out to be doing the process and procedure that we needed to do at this particular time.

Well, we got it done and now we have some more money coming into our checking account monthly from one of the many funds associated with our retirement accounts. It's amazing that they create a financial plan that allows us to have money coming in monthly that should last us until the age of 95 each. If we pass before it's all gone then the money goes to our kids.

I'm happy to have made it to 70 so far as years ago I would have never expected to have lived this long yet alone into my 90's but now I have some hope that came with the grandchildren.

Now we just need to forget about the war and the potential effects on our retirement portfolio and live life.

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