Is your retirement plan protected from market volatility?
“Those who cannot remember the past are condemned to repeat it.”
The market’s recent volatility has been a wake-up call to people preparing for, or enjoying, retirement. While it’s certainly a relief to see the markets rebound from 2008, you might be wondering, “Could it happen again? Would you be prepared?” We all know the stock market has its ups and downs. Unfortunately, a down market at the wrong time could delay…or even derail…your retirement income plans.
Imagine that you were getting ready to retire in late 2008. The S&P 500 went from a high of 1561.80 to a low of 683.38 in just a matter of weeks. That’s a 56% loss in value. You would need to earn a return of 122% just to get back what you lost. Fortunately, many people did see their portfolios rise once again… but it took 5 YEARS.
There are retirement planning solutions designed to lessen the effects of market volatility. Don’t wait to contact our experienced retirement planners today and we can discuss the security of your financial future.