Here are ways retirees can protect nest eggs during a stock market rout

  • 📰 CNBC
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

The market may contract along with the economy in a possible recession, but there are ways retirees can protect the nest egg they're living off of, expert says.

later this year, it's not guaranteed. Neither is a stock-market pullback if an economic downturn does materialize; while stocks frequently contract during recessions, there are instances when that didn't happen, according to a MorningstarFurther, adjusting withdrawal behavior is more important for younger retirees — especially healthier ones expecting to tap their nest egg for decades.

of risk from Charles Schwab, which examines two newly retired individuals with $1 million portfolios and $50,000 annual withdrawals . Here's the kicker: The first investor would run out of money after 18 years, while the second would have about $400,000 left.For example, some may cover all or the majority of their necessities from guaranteed income sources like Social Security, a pension or an annuity. They may more easily be able to throttle back spending from stocks or a broader investment portfolio, if it's largely being tapped just for discretionary purchases like vacations and entertainment.

Here's one easy rule of thumb: Using your personal life expectancy to determine if you're withdrawing a safe amount of money from year to year, Blanchett said.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in CO
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Five Ways the Bull Market Makes Investors NervousInvestors say they are monitoring worrisome trends in the market. Here are five that are on their minds.
Fuente: WSJ - 🏆 98. / 63 Leer más »

Asian Stock Market: Remains mixed amid sheer fall in China’s PPI, oil correctsMarkets in the Asian domain have shown a decent recovery on Monday despite a sheer slowdown in China’s consumer and Producer Price Index (PPI) and wag
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »

Stock Market Today: Nasdaq futures lead declines as 10-year holds over 4%Follow all the latest U.S. market action for Monday here.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »

A Soft Corporate-Earnings Season Poses Next Test for Stock Market RallyInvestors look to earnings reports for insight into how corporate profits are holding up against inflation and constrained consumer demand
Fuente: WSJ - 🏆 98. / 63 Leer más »

Stock market outlook next 6 months: Why a recession is still comingHere's why it's time to sell stocks and prepare for a recession in the second half of 2023, according to 7 top Wall Street firms like JPMorgan, Morgan Stanley, and more
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »