Question to the financial gurus here at DU (this is NOT asking for advice!!)

[Fiendish Thingy]

3. IRAs hold liquid assets of fluctuating value that can be sold and converted to cash

Women live longer than men, and if you moved all your funds to a savings account you would run a much higher risk of running out of money before you died than you would losing all your money in a stock market crash.

We are retired boomers, and our diversified and balanced portfolio has weathered the crashes of 1987, 2001, 2008, and COVID. Each time, the value of our portfolio dropped less than the market/S&P 500, and regained lost value quicker than the markets as a whole, going on to make significant gains in the Recovery after a crash.

We never tried to time the market, or move everything to cash waiting for the market to recover. As we drew closer to retirement age, we adjusted our allocations to suit our risk tolerance (currently 60/40 stocks/bonds).