> The dormancy period for IRAs cannot begin until the account owner reaches the age at which one must begin taking required minimum distributions. As of 2023, the required minimum distribution age is 73.
While I do believe set-and-forget passive investing is best for the vast majority of people, last time I checked that Fidelity study does not actually exist, and the story is apocryphal (no one seems to be able to actually link to it).
If you ask Fidelity about it, they'll tell you it does not exist:
Those are the lucky ones that get paid back in kind in the crypto currency they had. Some like the FTX folks are unfortunately paid in the dollar value of their account at the time.
Bitcoin was like 15-20k at the time of the FTX collapse and is now 60k again like the highs in 2021.
Funny. Just today I receive main from Fidelity to review my account. The only thing I wish to but can't afford to change is retirement age to an earlier date.
I sometimes worry if I have a forgotten paid subscription on an e-mail of mine I don't check, that slowly drains a bank account I forgot I have. There's just Too Many Accounts, and Too Many Subscriptions.
That's the thing with subscriptions. The default is just to let them continue to leak. I've periodically discovered subscriptions that presumably resulted from me not explicitly not checking a box somewhere,
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