Where is the market when you retire, an often overlooked question when deciding the right time to retire. Wealthnest Planners Certified Financial Planner Michael McGinley reviews each market scenario and its positives and negatives on your retirement plan.
The Risks of Market Timing
Attempting to pinpoint market highs and lows may result in lower returns for investors. “Market timing” is the strategy of trying to predict when stock prices will rise and fall and attempting to buy low and sell high. While this seems to make sense in theory, it’s extremely difficult to pull off successfully. Trying to time the market may mean …
Will You Retire in a Bull or Bear Market?
Learn how that could affect your retirement strategy A bull market can promote overconfidence. You may be lulled into thinking that the major indices will rise for years to come. That is not a given. The danger arrives if the market slumps and your income is too heavily tied to equity performance. The upside is that when the bulls run, …