“Without goals, and plans to reach them, you are like a ship that has set sail with no destination.”
What is your money going to be used for?
Many retirees use their money to live their lives, take trips, and give to kids or grandkids.
Knowing what your money is going to be used for is essential. It is like using a compass in a storm. It clarifies direction and reduces the chances of panic.
But won’t market volatility jeopardize my retirement?
The average retiree, at age 65 today, can expect to live another 20 years. Many live well into their 90s.
So, when you invest for retirement, the time frame is much longer than most expect.
Therefore, your investments need to be arranged accordingly.
Some short term. Some mid-term. Some long term.
But the media likes to show carnage. If it bleeds, it leads. Like the Weather Channel, ratings go up when there is a storm. Real or imagined.
You may find it surprising that the S&P 500 is down just a few percent so far this year.
A diversified portfolio has held up quite well.
Can you see international (MSCI) is up 10%, as well?
See below. The average downturn in a year is 14%.
And time out of the market can be costly…
YOUR goals are the only ones that matter.
You should still be on track if set up properly, even with market volatility.
If you have any questions, please let us know.
Check out our newest YouTube video, How Married Couples Are Avoiding Taxes (Legally!).
