For at least the next year, I believe our strategies should focus on preserving assets, including not selling stock when the market is down. However, should the market rally significantly, I will take the opportunity to sell some equities to create cover at least one more year of living expenses.
For more on Reaping the Rewards, check back every Friday for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC
Friday, October 24, 2008
Retirement Financial Strategies that Didn't Pass a Bear Market Test
The economic crisis of 2008 has stress tested many retirement financial strategies. Here are some I don't think are passing the test.
Labels:
Reaping the Rewards,
Retirement
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