Quit taking risk that isn’t necessary and establish some peace of mind in retirement.
To the many millions of Americans age 60 or older, I have an appeal to you. Picture this scenario.
You worked most of your life envisioning a comfortable retirement. You were prudent and saved
up: you set aside money into your 401k plan, maintained an emergency fund account; you diligently saved money for college early enough to ensure that the cost of college for your kids wouldn’t impact your long-term financial goals; you had even paid off your mortgage! Then, the day came and all of a sudden, the stock market tanked. The economy slowed down big time. You lost almost fifty percent of everything that you worked so hard to build. Have you been through that scenario? Where everything you thought was certain became instantly uncertain? I don’t believe that you can fully imagine what it actually feels like. I am pretty sure it does feel like you just had been robbed clean. You then blame your investment advisor for not having accurately predicted this downturn...but you know you really can't. Nobody can truly and accurately predict the highs and lows of the stock market. They can see some economic indicators but it would be unrealistic if you expect them to have the most perfect timing.