Stock-Market Highs Pose Vexing Questions For The Soon-To-Be Retired
LAST NOVEMBER, EXPECTING STOCK markets to fall off a cliff if Donald Trump were elected President, David Littell, a 64-year-old retirement expert, uncharacteristically panicked and sold off his stock holdings.
But while stock markets defied Wall Street’s expectations, soaring to new highs after the election, concerns that stocks could drop in value have remained, with the price of gold— an asset investors traditionally buy to protect themselves from market volatility—pushing to a 2017 high of $1,349 per ounce in early September.
SO HOW SHOULD soon-to-be retirees protect their gains from the 8½-year bull market? Conventional advice has called for investors to lower their portfolio’s exposure to uncertainty as they near retirement by buying more bonds— locking in their stock-market gains. That logic still applies, but in a country where more than half of near retirees are afraid that they’ll outlive their funds, another idea is for investors to put a portion of their funds into a relatively stable place that will guarantee income for the rest of their lives. Namely, fixed-income annuities, says Littell, who is also a professor of taxation at the American College of Financial Services.
هذه القصة مأخوذة من طبعة September 25,2017 من Time.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 25,2017 من Time.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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