Coping Strategies When Retiring Into a Bear Market

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Update

I read your article very interesting to me. However, I noticed this was written in July 2008. Could you update it to the current situations that are occuring in Jan 2009.

What would a person looking at retirement in about 3 years do. He sees his portfolio take a 26% drop and it appears that things are not improving. He wonders should I leave the market enriely or hang in there hoping at least to recover the 26% loss and break even. Breaking even would be a celebration.

That's another question for you, how long would it take a person to recover his losses if the market was to recover in a year or two.

Thanks Jerry

jerry of LA @ Jan 24, 2009 08:03:58 AM

sheltering retirement income

As I prepare for retirement one way of sheltering income from tax that I've been studying involves federal incentives for investment in natural resources..... http://blog.greenwichfinancial.com/2008/05/copyright-2008-greenwich-financial.html

nia of ME @ Jul 26, 2008 23:06:25 PM

The other "planning"

There are several good reasons to suspect that equity returns in the next 25 years (in the USA anyway) will be far lower than the last 25.

Politics matter. Social Security matters. Medicare (for all) matters. If you don't hold these things up, the CHILDREN of those of modest means in old age will be further relegated to lower economic classes (because of 100% of even the very small inheritances evaporating). Fortunately, there are a LOT of such people---and they can vote otherwise if they keep their heads on straight and are not intimidated by sucker taunts from "the right".

Daniel David of NM @ Jul 19, 2008 10:28:12 AM

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Planning to Retire

Planning to Retire

Reporter Emily Brandon tells you how to get ready financially for retirement and to make your golden years the best they can be.

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