A Bear market and inflation may force retirees to tap into other assets
Retirees’ patience is wearing thin as the bear market has gone on longer than anticipated or longer than their financial advisor told them. Consequently, some investors may consider abandoning their investment strategies as they consider a bleak market outlook. Those who sought refuge in bonds found themselves in a market that was ugly to the core.
Scott Hanson, cofounder of Allworth Financial recounts his experience with one client who called every two months in 2007 to ask if he should liquidate his stocks. In March 2009 despite
1 comment
Excellent commentary/analysis.