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For New (or Soon to be) Retirees: Thoughts on Handling Market Turmoil
So, you’ve made it to retirement (or have it firmly in your sights), and the market takes a sudden downturn. That can happen, and in the economy we have, it has happened repeatedly in past years. Whether it’s something like the COVID-19 pandemic, or the market reaction to tariff wars, or anything global that causes the market to shudder, the feeling of losing a significant part of your accumulated financial base can be devastating. The trick to surviving in a situation like this is to stay methodical, as suggest in this post Yahoo!Finance post by Morningstar’s Christine Benz.
Ms. Benz describes the sequence-of-returns risk posed by market conditions, and offers thoughts on steps to take to ensure your savings portfolio’s survival. Check out her post here…