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Avoiding a Market Crash When Retired
A stock market rash is one of those inevitable things. Maurie Backman’s piece here gives retirees advice so they can take action in advance of the next downturn. The five steps suggested are: 1. Have an emergency fund; 2. Keep a healthy portion of your retirement savings out of stocks; 3. Secure a home equity line of credit; 4. Adjust your savings withdrawal rate; 5. Have a backup plan for generating income. Full article here.
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