- Retirees likely experience legitimate fears during extreme market volatility, so questions both emotional and practical must be acknowledged and addressed.
- It’s important for retirees to maintain a healthy allocation to stock exposure in order to ensure that their lifestyle keeps up with inflation.
- Retirees with a sound, goals-based investment strategy can rest easy; those without one should use this hysteria du jour as the catalyst for a substantive portfolio review.
As coronavirus anxiety grips the markets and knocks the S&P 500 index (^GSPC) as much as 18% off its February highs, it’s scary times for any investor, even one with long-term goals.
It has been a rough week on Wall Street, one of the roughest since 2008.
The S&P, the Dow and the NASDAQ are all way down, largely on coronavirus fears. And it’s not just Wall Street. Markets are down across the globe.