Stock Market Fluctuations and Your Retirement Decisions
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What’s going on with stock markets and how does this affect your retirement decisions? If you are about to retire or have recently retired, then stock market declines and high inflation are probably causing you to lose sleep.
Entering retirement represents a major shift from actively earning income to depending on your investments to fund your desired lifestyle. Down markets and high inflation may cause you to alter your retirement plans. However, most experts say that you should not let these events deter your retirement and long-term goals.
There are some steps you can take to help lessen the effects on your investments and allow you to retire more confidently.