market volatility

025: How to Protect Yourself Against Market Volatility in Retirement

Jun 25, 2020

Market volatility is real, and we’ve seen it in full force this year. On multiple occasions, we’ve seen markets swing over 6 percent in just one day of trading. Things are changing minute by minute, and the COVID-19 crisis has created a pattern of ongoing economic and political unrest that we’re unlikely to emerge from in the near future. 

If you have decades left to build wealth and plan your retirement, this may not bother you. However, if you’re in retirement, or about to retire, it’s another story. You’re probably asking, “How can I protect myself and my life savings against these fluctuations?”

Today, we’re here to help you answer that question. You’ll learn what makes this moment in economic history so unique, the common traps that investors fall into as they react to bad news, and how to make a plan that will protect you and allow you to live the life you want to live in spite of volatility – even in turbulent times.

Here are just a handful of the things that we'll discuss:

  • Why the COVID-19 crisis is an economic disaster in three phases as opposed to the housing crash of 2008 or the tech crash of 2000 – and how political unrest will continue to negatively impact our markets. 
  • Why the media constantly tries to shock us with bad news – and how a good plan can prevent your emotions from getting the best of you.
  • How to build a portfolio and financial plan that ensures that you will always have emergency money in retirement in the event of an economic downturn.

Inspiring Quotes

  • “You’ve got to have a plan. It’s important to realize that when you’re in a market, there’s always risk.” – Ed Siddell
  • “The markets don’t like bad news. What they like even less is uncertainty.” – Ed Siddell
  • “When you retire, it’s not about surviving.” – Ed Siddell

 

 

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