For retirees living on a fixed income, or people planning to retire soon, such moves can be harrowing.
For those who plan to enter retirement during a choppy period in the stock market, there are a few key things to do to ease the transition from earning a paycheck to living off savings and investments., as a normal part of the process of investing and the best way to outrun inflation, according to Lineberger.This means investors should stay calm even through extreme movements such as those seen in 2020.
If the stock market falls, it's better to spend that money than sell assets at a loss which can't be recouped, according to Tony Zabiegala, chief operations officer and senior wealth advisor at Strategic Wealth Partners, an Independence, Ohio-based firm with more than $500 million in assets under management.
This also keeps stock investments in the game for big rebounds, which also happened this year. For example, an investor would have only needed three months to six months of living expenses in an emergency fund this year to avoid taking losses during the March meltdown, said Lineberger at Seaside Wealth Management. This approach would have also kept investments in the market for the record-breaking rebound rally stocks had after March.
Source: News Formal (newsformal.com)
acorns How do you calculate the 3.5 Million Hunter got from Moscow ?!! Oh that’s right you haven’t mentioned it once!!!!!!!! delusionaldemocrats
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