Halloween is just around the corner, but you never know exactly when market volatility might strike. If the economy begins playing tricks, it’s important for those nearing retirement to help protect their treats. 

It’s never a good time for the possibility of a bear market, but the stakes are much higher for those on the brink of retirement. For decades, the entire point of saving and investing into retirement accounts was to provide for a comfortable lifestyle once leaving the workforce behind. A twentysomething just beginning their career still has half a lifetime to recover and rebuild. For someone farther down the road, a crash that severely damages savings will impact their quality of life, with very few options to quickly rebuild the resources meant to fund the future.

One of the simplest strategies is to eliminate all risk by withdrawing from the markets, but a pile of liquid cash won’t continue to grow in value, with inflation and future cost-of-living increases further dwindling purchasing power. 

For many, this presents a dilemma. It’s good to be wary of changes and become more conservative with investments closer to retirement, yet most people count on some amount of accrued and compounding growth from invested accounts to help fund their non-working years. 

A financial professional can help determine where you stand, where you want to be, and create a comfortable amount of risk that will help protect what you know is needed while continuing to participate in the market and further build your wealth when calmer economic days return.

Call the experienced Consha Financial team at 678-539-9518 and learn how your current situation, combined with the markets, can work to form a confident financial strategy. 

Investment advisory products and services made available through Impact Partnership Wealth, LLC (IPW), a Registered Investment Adviser. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are backed by the financial strength and claims paying abilities of the issuing carrier. 

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This blog is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.