For nearly nine years, investors have enjoyed one of the longest bull markets in history. However, recent volatility suggests the possibility that the almost decade-long market upswing could soon come to an end.
Volatility is a constant presence in any financial market. For retirees, that volatility can present a difficult challenge. You may rely on your savings and investments for income. If the market suffers a sharp downturn, you may have less income available to pay your bills and support your lifestyle.
There’s no way to predict the future movement in the market. However, you can take steps to protect your assets and limit your risk exposure. If you’re approaching retirement and haven’t yet analyzed your investment strategy, now may be the time to do so. Below are a few tips to help you get started:
The parades up Pennsylvania Avenue have ended and the champagne bubbles have burst in ernest celebration over the nation’s capital after one of the wildest election cycles in United States history. Yes, the parade of pundits & prognosticators in the financial press spouting off predictions for the year ahead is about over too. Once again as a new Populist Camelot emerges in D.C., the Madison Ave and Wall Street Wizards are telling us in the Money Magazines of the world that if we just buy and hold through any financial crisis, our children and legacies will be taken care of. In fact, Money Magazine itself in the January issue, serves up the theory or myth of “buy and hold” again as one of it’s top tips as it has after every correction or bull market. The lesson, this beneficial magazine misses always is how much buy and hold’s success depends upon family health & age, depth of desperation, and the extent of the bear market decline. In another words, the four words to run far and fast from are “this time it’s different”.
Here at MasterPlan Retirement Consultants, we strive to keep you up-to-date with informative articles. Read on for more details of the latest and greatest news.