As individuals age, it's commonly advised to decrease stock holdings and increase safer assets. A rule of thumb suggests holding a percentage of stocks equal to 100 minus one's age. For instance, a 60-year-old might hold 40% stocks. According to the data from Empower as of October, 2023,Investors in their 20s and retirees over 70s place a higher percentage of their assets in cash (31.5% - 41.7%) than any other age group. $Tiger Brokers(TIGR)$ When will you withdraw your money from stock account for retirement?RewardsLeave your comments and also post to win tiger coins~Every valid comment will get at least 5 tiger coins!The hot and insightful comment will even get hundreds of tiger coins!
When will you turn equities to cash for retirement?
As individuals age, it's commonly advised to decrease stock holdings and increase safer assets. A rule of thumb suggests holding a percentage of stocks equal to 100 minus one's age. For instance, a 60-year-old might hold 40% stocks.
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