A Soon-to-Be Retiree’s Guide to a Crazy Market
Nearing retirement? When the stock market tanks … Do. Not. Panic. according to this CNN Money article…
You’ve heard that before. But it’s hard to sit tight during a market freakout if you’re closing in on retirement. Losing a big chunk of your savings now could be devastating.
Retirees should avoid drawing from investments (in other words, selling stocks) when the market is down. It’s the same golden rule you’ve followed all along, but it gets trickier once you need to use the money in your nest egg — and have fewer years for your investments to bounce back. Read more…
Once you’ve read the article, contact us for a complimentary consultation with one of our affiliate retirement specialists. He/she can review your portfolio and allocations to make sure you’re in the strongest position possible in any market. Even if you have an advisor, it’s always a good idea to get a second opinion.
