Illustration: Andy Rementer
A Retirement Guide for Volatile Times
As market chaos upends portfolios, planning for a not-so-distant future feels more precarious than ever. These strategies can help.
Watching your portfolio tank is a nightmare for anyone — but it’s a horror story for retirees, or anyone approaching retirement for that matter. And with more than 4.1 million Americans turning 65 each year through 2027, a prolonged downturn has the potential to dash more than a few retirement dreams.
Even so, retirement-aged Americans can raise the odds of a comfortable post-work lifestyle by making smart tweaks to their portfolios. Market swings even present unique opportunities to fortify your finances. While continuing to invest retirement money into stocks when they’re cheap might seem like an obvious option, there are more under-the-radar strategies that also make sound financial sense when markets drop.