View Single Post
Old 03-21-2020, 03:12 PM   #684
bluejays
Franchise Player
 
bluejays's Avatar
 
Join Date: Sep 2005
Location: Toronto, Ontario
Exp:
Default

Quote:
Originally Posted by Manhattanboy View Post
Any thoughts as to whether it’s too late to move an RSP to cash? My plan is to retire in the next few years but would could leave those funds largely invested and withdraw over time.

My personal thoughts on this (I'm absolutely not a financial advisor), is it depends on your timeline. This thing could still absolutely drop further, but if your timeline is 2 years away for using the money, I'd personally keep it in. If your timeline is 4 months away as is the case for me, I'm forced to pull out. I think the real crap shoot is 1 year away - that seems to be the real unknown, but personally I don't have much confidence in this getting better in the near term.
bluejays is offline   Reply With Quote
The Following User Says Thank You to bluejays For This Useful Post: