- 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.
Stock markets around the globe were rocked on Monday as fears of the coronavirus spread. The outbreak has now spread to Europe while officials in South Korea raised its coronavirus level to the highest level following an increase in confirmed cases in the country.
Social Security benefits are designed to replace around 40% of your pre-retirement income. Unless you have a pension, any additional money you need has to come from savings. Read More
For most of your life, saving for retirement probably wasn’t a high priority. But as the years count down on your career, nerves set in and rhetorical questions start flooding your head: Have I saved enough? Did I invest too aggressively? Do I have the right kind of insurance?