Retiring is usually accompanied by celebrations and relaxation, but recent market volatility is adding a measure of doubt for those nearing or at the start of their retirement. That volatility, coupled with macroeconomic factors such as rising interest rates and high inflation, has many investors worried about their retirement funds and wondering what they can do to weather the storm.
Rules of thumb, such as subtracting your age from 110 to determine the proportion of stocks in a portfolio, may not apply to one’s specific circumstances. Retirees with larger pensions or other fixed cash flow relative to total living expenses may be able to take more risk than others of similar age. This may also apply to those whose lifestyle spending will require a smaller percentage of retirement savings.
Spreading your money out across several different types of assets can lessen the impact of a market downturn, since different assets usually respond differently to market shifts. When doing so, it’s important to ensure your portfolio includes diversified holdings across asset classes and styles of investing, investments that generate income and hedging strategies to provide downside protection.Uneasiness in markets can cause individuals to be uneasy about their overall finances.
LetsGoBrandon
That’s because their savings are getting wiped out.
Thank Joe Biden
And it’s only been two years of Joe Biden. Another two years and those folks will cancel their own retirement altogether.
Only 25%... Should FED hike rates some more? Economy is strong, so the economy can handle higher rates, right? Raise them rates... Watch that 10yr...
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Source: FXStreetNews - 🏆 14. / 72 Read more »