For Older Investors, Old Rules May Not Apply

For Older Investors, Old Rules May Not Apply
by Tara Siegel Bernard

provided by
The New York Times

The stock market's damage has already been done. And if you're one of those people near or already in retirement, you already know you're going to have to work longer, save more or spend less.

But what should you do right now with the money you have left? Should you wade back into the stock market, if you bailed out when the market was plunging? Or if you watched your investments drop and then recover a little in the last few months, should you just hold on? What happens if the market doesn't fully recover for a long time? (That happened in Japan in the '90s.)