Q: Pat, I often hear in the financial news that this market is becoming very expensive. I’m about four years from retirement. Does it make sense for people like me to build up a cash position, or do I continue to invest in stocks?

A: There are good reasons to stay out of the stock market, but approaching retirement isn’t one of them.

If you simply can’t accept any instability in the value of your holdings, due to temperamental reasons or cash needs, that alone is a good reason to… Read More