The combination can be unnerving: Inflation at a 40-year high, Russia invades Ukraine, oil tops $100 a barrel, and the stock market continues to fluctuate.
“Market volatility is part of investing,” says Rob Williams, director of financial planning and retirement income at the Schwab Center for Financial Research. “It depends if you prepare for it in advance.”Overall, the timing of your retirement does, indeed, matter. “Market declines right around when you retire are a concern,” says Roger Young, vice president and senior retirement insights manager at T. Rowe Price.
For the past decade, the market has been strong, generating double-digit gains for many. Some were aggressively invested, 100% in stocks, for example, “trying to squeeze every little bit out of stock market returns, ahead of a down market,” Lee says. “And they don’t have any cash on hand.”That situation can lead to panic. Yet, even those with guaranteed retirement income — Social Security, a pension, annuities — “don’t like seeing their portfolio drop,” Lee says.
Calculate your essential versus discretionary expenses. Aim to cover your essential expenses — housing, transportation, utilities, groceries, health insurance and medical expenses, phone bill — with guaranteed sources of income. For retirees, those include a pension, if you have one or more, Social Security retirement benefits, and, possibly, one or more annuities.Use your cash reserves.
Avoid selling stocks. “If you’re thinking about retirement, hold off on taking money out of stocks,” Young says. Since the market has done well over the past decade, hopefully you “put some money in a cushion, and can use it now.” If you have to sell, Williams says, “avoid selling depreciated stocks.”
I'm a nude model, rate my photos)😘😘😘
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »
แหล่ง: latimes - 🏆 11. / 82 อ่านเพิ่มเติม »
แหล่ง: KPRC2 - 🏆 80. / 68 อ่านเพิ่มเติม »