4 Questions Workers Should Ask Before Retiring in a Bear Market
If you're nearing retirement and watching your retirement accounts take a swan dive, I feel your pain. My husband is about 48 months away from his dream retirement date, and while I have no desire to retire, I do want it for him. However, it's impossible to ignore the fact that the U.S. stock market has experienced more than $11 trillion in lost value since January. A bear market is officially declared when the S&P 500 declines 20% from a recent high. Given that it's fallen 18% as of this writing, it's clear we're knocking on the door. If, like my husband, you're closing in on retirement, here are four questions to ask yourself (we'll do the same).Image source: Getty Images.Continue reading
If you're nearing retirement and watching your retirement accounts take a swan dive, I feel your pain. My husband is about 48 months away from his dream retirement date, and while I have no desire to retire, I do want it for him. However, it's impossible to ignore the fact that the U.S. stock market has experienced more than $11 trillion in lost value since January.
A bear market is officially declared when the S&P 500 declines 20% from a recent high. Given that it's fallen 18% as of this writing, it's clear we're knocking on the door. If, like my husband, you're closing in on retirement, here are four questions to ask yourself (we'll do the same).
Image source: Getty Images.
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