In response to:

Dave Says Knock Out that Hospital Bill

cwa Wrote: Jan 01, 2013 1:01 PM
Should have been a reply to Doug not after the spammer.

Dear Dave,

My wife and I are 70, and we have $950,000 in annuities in the market, plus $68,000 in our emergency fund. The only debt we have is our mortgage. I’m considering converting our stocks to a money market account to lower the risk. What do you think?

Howard

Dear Howard,

There are two sides to this. One is the asset allocation method, where as you grow older you move away from equities like mutual funds toward safer, more conservative investments like money markets, bonds and certificates of deposit. This is standard financial planning theory.

I disagree with that...