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4 Things Retirees Should Know About Retirement During a Bear Market
First things first: The stock market is not in a bear market -- at least not the entire stock market. To officially be in bear market territory, stocks would need to be at least 20% below their previous high. As of now, neither the S&P 500 (SNPINDEX: ^GSPC) nor the Dow Jones Industrial Average (DJINDICES: ^DJI) have fallen that much.Sooner or later, though, a bear market will arrive. The prospects of a full-blown global trade war could increase the chances that this eventuality comes sooner than anyone would like.Regardless of the timing, anyone who is retired or will soon retire should be ready. Here are four things retirees should know about retirement in a bear market.Continue reading
First things first: The stock market is not in a bear market -- at least not the entire stock market. To officially be in bear market territory, stocks would need to be at least 20% below their previous high. As of now, neither the S&P 500 (SNPINDEX: ^GSPC) nor the Dow Jones Industrial Average (DJINDICES: ^DJI) have fallen that much.
Sooner or later, though, a bear market will arrive. The prospects of a full-blown global trade war could increase the chances that this eventuality comes sooner than anyone would like.
Regardless of the timing, anyone who is retired or will soon retire should be ready. Here are four things retirees should know about retirement in a bear market.
