Top Bear Market Tips from 10 Financial Advisers | Kiplinger

The inventory market could be a scary place. Our unprecedented bull market run has lastly run itself into the bottom, and buyers are actually going through a brand new actuality. Interest charges are rising, inflation is skyrocketing and shares and bonds are down.

Some buyers are reacting with panic, whereas others are seeing it as extra of a possibility.

How must you take care of at the moment’s bear market? We requested a variety of skilled monetary professionals that very query, and listed below are their high bear market tips.

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Nick Toman: How to react largely relies upon how near retirement you might be

The present state of the inventory market is inflicting just about all buyers to pause and think about if their present methods are constructed to climate this storm. Those who’re not less than 10-15 years away from needing distributions from their investments AND who’re persevering with to construct wealth via systematic and common contributions (i.e., 401(okay), 403(b), IRA , and many others.), most definitely gained’t must make any important adjustments at this level.  However, since my shoppers are primarily those that are inside 5 to seven years of retirement OR who’ve lately retired, the recommendation I give goes past “stay the course.” 

As a STARTING POINT to a powerful retirement blueprint, I encourage pre-retirees to know two rules:

  1. Your methods ought to be particular and customised to you and also you alone. Go deeper than simply following the lead of fellow workers, household and mates when figuring out what strikes to make. Since all households have their very own set of distinctive circumstances in relation to their wealth (longevity, well being, tax standing, profession enjoyment, too many variables to call right here), there actually isn’t any one-size-fits-all answer … PERIOD!
  2. Income is the “driver” of most retirement plans.  Having a retirement price range and understanding precisely easy methods to fund this price range every month is vital. If nearly all of your revenue will probably be coming from predictable sources, comparable to Social Security and pensions, then it is best to have extra flexibility to keep away from “locking in losses” by having to promote investments on this bear market.  However, when you’ve got a necessity for cash now that’s past what your Social Security and pensions will cowl, then it is best to think about using monetary instruments designed to supply revenue and principal safety, comparable to CDs and numerous forms of annuities, for a portion of your wealth.

Just few issues to contemplate when evaluating your subsequent steps. 

Nicholas Toman, CFP®, is a lead retirement planner and funding adviser with Empowered Financial Management, a agency that focuses on retirement planning for these people inside 5 to seven years of retirement or who’ve lately retired and now not want to function their very own monetary adviser.

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Paul Sydlansky: Focus on what you may management!

A closeup of a woman's face as peers straight ahead.

No one is aware of the place the market is headed, not even the professionals (regardless of what they let you know)! The market could possibly be headed down for 2 extra months or two extra years. Instead of worrying about when the downturn will finish, spend time on issues you may management.

Here are three gadgets I’ve lately talked about to shoppers to take a more in-depth take a look at:

  1. Re-evaluate the amount of money in your emergency account. Any market or financial downturn may imply a higher likelihood of layoffs and job loss. How many months of bills do you have got saved in money? Are these bills present (particularly contemplating our latest spike in costs), and are you snug together with your capability to discover a job earlier than these funds run out?
  2. Review your money circulation. Will your revenue take a dip with a protracted downturn? Are there any bills you possibly can reduce from on a regular basis spending? Increased money circulation could possibly be used to both pad your emergency account or make investments (sure, we wish you to speculate extra, learn No. 3).
  3. Continue investing. Although it appears counterintuitive to speculate now, it’s really a good time for the long-term investor to place capital to work. You now should buy right into a market that’s over 20% cheaper than it was six months in the past. Why wouldn’t you purchase shares now when they’re on sale?

Paul Sydlansky, founding father of Lake Road Advisors LLC, has labored within the monetary companies business for over 20 years. Paul is a CERTIFIED FINANCIAL PLANNER™ and a member of the National Association of Personal Financial Advisors (NAPFA) and the XY Planning Network (XYPN).

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Chris Chen: What goes down has ALWAYS gone again up

A graph charts the up and down course of a yellow paper airplane.

Wanting to get out when the market drops is an emotional choice, one that’s troublesome to go towards – particularly when it isn’t simply the inventory market that’s dropping, but in addition the bond market (authorities bonds, protected by status, are down over 11% to date this yr).  We simply don’t wish to give again any greater than we have already got, particularly once we don’t know the way way more markets will drop.

Yet, as you calmly ponder the bear market and its 20%+ inventory market correction, do not forget that markets do go down, and so they additionally go up. From 2016 to 2021, knowledge tells us that 46.71% of buying and selling days had been DOWN days. 

Yes, that’s nearly 50%. The different 54.86% buying and selling days from 2016 to 2021 had been UP days. 

That’s extra than 50%.

It is tough once we really feel gravity enjoying tips with our guts, however take a look at the info, only for a minute. These days, the inventory market could really feel like bungee leaping with out a rope, however it’s way more like a curler coaster: Sure, it feels scary on the way in which down, nevertheless it does backside out, after which it goes again up.

The S&P 500’s Performance since 2000

A bar chart shows the S&P's losses since 2000, ranging from -28% to -37% and even -52%, compared to its overall performance of +84% in that same period.

We know that as a result of that’s what it has achieved earlier than. 

  • From March 24, 2000, to Sept. 21, 2001, the S&P 500 dropped 36.77%. 
  • From Jan. 4, 2002, to Oct. 9, 2002, it dropped 33.75%. 
  • From Oct. 9, 2007, to Nov. 20, 2008, it dropped 51.93%. 
  • From Jan. 6, 2009, to March 9, 2009, it dropped 27.62%. 
  • From Feb. 19, 2020, to March 23, 2020, it dropped 33.92%

Yet, regardless of all these losses, while you take a look at the S&P’s efficiency general throughout that whole time-frame – from March 24, 2000, to Dec. 31, 2021 – it was up 84.03%.   

Will this time be totally different? Do we now have cause to imagine that it’s going to? Well, historical past by no means repeats itself precisely, however for my part, it’s going to rhyme.

Chris Chen, CFP® CDFA, is the founding father of Insight Financial Strategists LLC, a fee-only funding advisory agency in Newton, Mass. He focuses on retirement planning and divorce monetary planning for professionals and enterprise homeowners. Chris is a member of the National Association of Personal Financial Advisors (NAPFA).

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Eric Roberge: Do what would Warren Buffett would do

A photo of epic investor Warren Buffett, wearing a suit.

Resist the temptation to do one thing simply to behave. The appropriate response in coping with a bear market (this or future ones) might be to “do nothing” in relation to your funding portfolio. If you are a long-term investor, then hopefully you have got a complete technique in place that was designed with the information that down markets WILL occur alongside the way in which. If that is the case, tinkering together with your portfolio as a response to what’s occurring presently might be a foul transfer. If you DON’T have a technique and you’re feeling apprehensive in regards to the market, now could be the time to work with knowledgeable to get that plan in place so you have got that (and an adviser!) to information you when issues really feel turbulent.

Remember that doing nothing together with your funding portfolio would not essentially imply doing nothing together with your funds on the whole. You cannot management the market, however there are many different points of your cash that you just do have the ability to affect. So, take into consideration the place you may make an adjustment in an space you have got full management over. The finest solution to take motion could also be to:

  • Decrease your spending.
  • Increase your financial savings.
  • Focus on build up money for emergencies.
  • Or put more money out there! This is very pertinent now, when inflation can be operating rampant.

While you do not wish to lose all of your liquidity when financial outlooks really feel bleak, there’s such a factor as having an excessive amount of money available. Our guideline for our planning shoppers is to maintain sufficient money available to cowl three to 6 months’ value of bills as an emergency reserve, in addition to any money wanted for upcoming, recognized spending wants or short-term objectives. (For instance, if you recognize you wish to renovate your house subsequent yr and it’ll value $50,000, that cash ought to be in money and obtainable to make use of towards your objective.) 

If you have got sufficient money for outlined short-term objectives and your emergency fund, then something over that quantity ought to be out there and going to give you the results you want – not sitting within the financial institution shedding buying energy to inflation.

Now is a good alternative for long-term buyers to purchase into the market at decrease costs. It can really feel scary to leap in when everybody else is fleeing, however that is one huge cause why Warren Buffett is known: “Be greedy when others are fearful!”

Eric Roberge, CFP®, is the founding father of Beyond Your Hammock, a monetary planning agency working in Boston and just about throughout the nation. BYH focuses on serving to professionals of their 30s and 40s use their cash as a device to get pleasure from life at the moment whereas planning responsibly for tomorrow. 

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Don Wilson: We’ve acquired some strategic alternatives now, so take benefit

An empty picture frame is held up to the horizon.

I’d encourage buyers to overview their short-term investments and think about alternatives the rise in charges have created. 

Interest charges have risen sharply in a brief time period, giving buyers a a lot better return alternative on short-term Treasury bonds and certificates of deposit than only a few months in the past.

For instance, charges have seemingly elevated for folks with funds in a cash market or a checking account. However, these prepared to forgo instant liquidity can earn considerably larger rates of interest by shopping for Treasuries or certificates of deposits with maturity dates between two months and two years.

As of June 17, the yield on a two-month U.S. Treasury bond was 1.50%, leaping to three.17% for a two-year bond. Investors could wish to create a bond ladder by shopping for Treasuries or CDs over a number of maturities primarily based on their liquidity wants.

Another tactic is to make use of this downturn to rebalance your portfolio by promoting asset courses which have held up finest and shopping for these courses hardest hit.  For instance, this might imply promoting investments in some commodities and actual property whereas selecting up high-quality shares which were hit laborious. Use this to deliver your portfolio again to its goal weights.

Finally, scale back your potential year-end tax invoice by promoting positions with losses.  You can exchange these with related investments or purchase them again after 30 days. This transfer allows buyers to offset the taxes owed on capital positive aspects elsewhere of their portfolios. The result’s that much less of your cash goes to taxes and extra could keep invested and dealing for you.

Don Wilson is a companion and the chief funding officer at CI Brightworth. His major roles are growing the general funding technique for shopper portfolios, main the funding analysis and portfolio administration workforce and chairing the Investment Committee.

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Brian Skrobonja: Investors want to arrange for bear markets like skydivers do

A skydiver smiles as he free falls.

There are two issues that ought to by no means shock you: The incontrovertible fact that investing within the inventory market has dangers of shedding cash and that while you skydive you free fall from an airplane. These are each certainties. However, what could shock you is that folks leaping from airplanes are sometimes extra ready for what they anticipate will occur than buyers are.

People who skydive benefit from the adrenaline-fueled rush of falling to the earth at 120 miles per hour, however you don’t must expertise leaping out of an airplane to know that an important a part of the journey again to earth is having a parachute. 

For buyers, the potential of shedding cash on account of a market downturn is well-known, but usually ignored as they give attention to the long-term progress potential of the market. The perspective most frequently is to easily grin and bear it, however when markets inevitably flip damaging, buyers are left wishing that they had a proverbial parachute.

You see, no matter how diversified you suppose you might be or how optimistic you might be in regards to the market, when the market falls most all the pieces else out there falls proper together with it – and attempting to rearrange the chairs on the Titanic by including extra inventory market investments isn’t going to repair the issue.

Investors can construct their very own proverbial parachute for his or her portfolio by including personal markets, annuities and specifically designed life insurance coverage merchandise designed to work synergistically with the inventory market. Yes, a few of these carry their very own set of dangers, however by mixing merchandise collectively you create a proverbial parachute of investments that don’t behave in the identical means, aren’t impacted by the identical issues, don’t develop in the identical method and don’t all fall on the similar time.

I am going into extra element about this in my column “For Real Financial Security, Do NOT Do What Everyone Else is Doing.”

Brian Skrobonja is an creator, blogger, podcaster and speaker. He is the founding father of St. Louis Mo.-based wealth administration agency Skrobonja Financial Group LLC. His objective is to assist his viewers uncover the basis of their beliefs about cash and problem them to suppose otherwise. Brian is the creator of three books, and his Common Sense podcast was named one of many Top 10 by Forbes.

Securities supplied via Kalos Capital Inc., Member FINRA/SIPC/MSRB and funding advisory companies supplied via Kalos Management Inc., an SEC registered Investment Adviser, each positioned at11525 Park Wood Circle, Alpharetta, GA 30005. Kalos Capital and Kalos Management don’t present tax or authorized recommendation. Skrobonja Financial Group, LLC and Skrobonja Insurance Services, LLC aren’t an affiliate or subsidiary of Kalos Capital or Kalos Management.

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Mike Piershale: If you cashed out of shares out of concern, begin easing again in

A swimmer standing on the edge of a pool dips her toe in the water.

If you’ve panicked and have already gone to money, or you recognize you’re about prepared to take action, when you get in a money place begin dollar-cost averaging your means again into the market over the following 12 to 18 months. For instance, in the event you panicked and pulled $225,000 out of the market lately, you possibly can begin shifting roughly $12,500 again in on the identical day every month over the following 18 months.

It’s vital to be disciplined to do that each month, particularly within the months the place the market falls as this provides you a chance to purchase the shares cheaper.

This technique removes a lot of the agonizing decision-making that goes together with attempting to time the market to return in at the most effective value.

In essence dollar-cost averaging will assist you keep away from the error of shifting the cash in a single lump sum again into the market proper earlier than a precipitous drop.  And it’s additionally rather a lot simpler in your feelings to unfold your entry level out over 12 to 18 months fairly than placing all the cash again into the market at one time.

This technique tends to decrease the value that you just’ll pay to your investments over time, resulting in much less of a loss in the event that they proceed to say no, and can generate higher positive aspects when the investments begin rebounding.

In an analogous style it is best to proceed contributing on a month-to-month foundation into the market in your 401(okay) plan, particularly when the market goes down. The overwhelming majority of the time this may assist you get a mean value in your shares that will probably be decrease in comparison with somebody who will get rattled and discontinues shopping for shares each time the market drops.

Mike Piershale, ChFC, is president of Piershale Financial Group in Barrington, Ill. He works immediately with shoppers on retirement and property planning, portfolio administration and insurance coverage wants.

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Ken Nuss: Retirees and near-retirees want to look at their danger

A dandelion with a full head sits next to one whose seeds have all blown away.

Many older people approaching or in retirement have far an excessive amount of of their portfolios uncovered to market danger.  When you’re younger, you have got a long time to get better from a protracted bear market.  You don’t while you’re retired and withdrawing cash for residing bills. 

To scale back danger, assure principal and earn a strong return, think about allocating a portion of your portfolio to fastened annuities, which are available two varieties. Both are tax-deferred when held in a nonqualified account.

A hard and fast listed annuity (FIA) removes draw back market danger and protects your principal whereas positioning your cash to learn from a future market rebound at any time when it occurs.  It provides you the most effective alternative to maintain up with excessive inflation whereas nonetheless defending your principal.  Interest charge positive aspects are linked to market efficiency and locked in every year and might by no means be misplaced in any future market downturn, thus defending your principal and beforehand credited quantities. 

The upside is restricted by caps and participation charges constructed into the product. They’ve improved considerably in latest months, providing you with extra progress potential.

You can add an revenue rider to ensure future revenue no matter what the market may do. Use this technique fairly than the hope that your portfolio will get better and be adequate to help your retirement.  You can name this your “safe money” allocation.  

Many FIAs additionally include important upfront bonuses for buyers, which will help make up for latest market losses.  Before investing, be sure the product is an effective match to your targets and wishes.

FIAs pay fluctuating rates of interest.  But fixed-rate annuities (multi-year assure annuities) pay a set, assured charge of curiosity for 2 to 10 years. It’s a easy, easy product that resembles a financial institution CD. Interest charges have improved dramatically in latest months, and now you can earn as much as 4.30%.

Retirement-income professional Ken Nuss is the founder and CEO of AnnuityBenefit, a number one on-line supplier of fixed-rate, fixed-indexed and immediate-income annuities. Interest charges from dozens of insurers are always up to date on its web site at https://www.annuityadvantage.com.

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Marguerita Cheng: Stick with sound investing rules throughout bear markets

A crowd of white arrows point sideways, while one red arrow points upward.

Now shouldn’t be the time to deviate from the great recommendation and methods which have labored for buyers through the years. My suggestions to buyers proper now are to stay to the fundamentals:

Stay diversified

It is vital to incorporate money, equities and stuck revenue in your portfolio. How a lot you allocate to every funding class is a operate of your time horizon, your danger tolerance, your tax bracket and your money circulation necessities. Each asset class performs an vital function. Having money gives peace of thoughts as a result of it’s liquid and available. It can shield you towards market danger or sequence of return danger by not having to liquidate different belongings at an inopportune time.

Although it’s possible you’ll be seeing crimson while you log into your portfolio dashboard, together with equities in your portfolio is vital as a result of they’ll recognize at a charge higher than inflation of the long run. So, equities will help deal with inflation danger and longevity danger.

Higher inflation and rising rates of interest have put downward stress on bond costs. Bonds could lag equities in good years, however they will help present stability in a portfolio.

Continue to speculate via dollar-cost averaging

Many buyers don’t notice that dollar-cost averaging is what they’re already doing with their 401(okay) plans, 529 plans, Roth IRAs & IRAs all alongside. Don’t cease now.

Understand the excellence between danger tolerance and danger capability

Risk tolerance is a measure of how a lot danger you might be prepared to tackle. Generally, there are three forms of buyers: conservative, reasonable and aggressive. The stage of danger tolerance will increase as you progress from conservative to aggressive. Factors together with age, revenue, monetary objectives and psychological and emotional circumstances affect your danger tolerance. Risk tolerance is subjective. While there are components that inform it (age, revenue, monetary objectives), they aren’t determinative, given the function of emotion and psychology.

CFP® professionals outline danger tolerance as the quantity of danger you may take and nonetheless sleep at evening. How a lot danger are you snug with? What stage of danger gained’t preserve you awake at evening after refreshing the steadiness in your portfolio dashboard?

Risk capability could sound related, nevertheless it’s totally different in an vital means. The stage of danger you might be prepared to take shouldn’t be the identical factor as the extent of danger it is best to take. Risk capability is the measure of the latter. It’s an goal willpower of the extent of danger you ought to be taking in your portfolio to attain your monetary objectives. Factors like time-frame/time horizon, money circulation, revenue necessities, debt, insurance coverage and liquidity will decide your danger capability.

Marguerita M. Cheng is CEO at Blue Ocean Global Wealth. She is a CFP® skilled, a Chartered Retirement Planning Counselor, Retirement Income Certified Professional and a Certified Divorce Financial Analyst. She helps educate the general public, policymakers and media about the advantages of competent, moral monetary planning.

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Aoifinn Devitt: Shift to belongings that present ‘all-weather’ safety

A dark and cloudy sky.

Our objective in portfolio building is to make sure that our shoppers construct “all-weather” portfolios which might be resilient to risky market circumstances. The previous few months have offered a hurricane for buyers.  Selling has been (nearly) indiscriminate throughout U.S. equities, whereas bonds have had an epically unhealthy begin to the yr.  A powerful U.S. greenback has eroded worldwide investments, and within the face of steep inflation merely holding money has not appeared like such a protected choice both.

Our “all-weather” portfolios emphasize diversification into actual belongings, which historically have acted as inflation hedges.  Exposure to actual property, infrastructure and different tangible belongings that supply an inflation-linked revenue stream can present a portfolio with ballast in a rising inflationary setting, whereas a diversified portfolio of alternate options can add further sources of return – comparable to personal lending, personal fairness investing and enterprise capital.

Although these investments are all linked to the identical financial system and similar dynamics as public investments, their liquidity phrases imply they aren’t marked to market as ceaselessly and don’t endure from the identical intra-month volatility.

We have been happy to see that entry to such belongings is enhancing, even for accredited buyers.  Improved know-how platforms, higher price and share class constructions and extra entry to blue chip names have leveled the enjoying area with institutional buyers on this space.

No portfolio is hurricane proof, however our philosophy of preparation and never prediction, and our steady return to our core rules of investing for the long run, diversification and staying the course in keeping with every shopper’s funding goal is vital to weathering the storm.

With greater than twenty years of economic expertise and a various worldwide background, Aoifinn Devitt performs an integral function in establishing Moneta’s long-term funding imaginative and prescient and methods. She aligns Moneta’s funding applications with broader agency objectives whereas additionally overseeing the analysis, analysis and choice of asset courses and funding automobiles.

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address”,”extraClassNames”:”-light”:true,”modalOpen”:false,”showLink”:true,”dianomi”:”articleContextId”:”162″,”ampContextId”:”6344″,”ampGalleryContextId”:”6248″,”galleryContextId”:”163″,”mobileGalleryContextId”:”227″,”dianomiAmpGalleryContextId”:”163″,”dianomiGalleryContextId”:”6248″,”useBordeauxScript”:”pageIds”:[],”useBordeauxOnly”:true,”protocol”:”https”,”host”:”www.kiplinger.com”,”siteUrl”:”https://www.kiplinger.com”,”hasError”:false,”prod”:true}”,”getPageByUrl(“url”:”investing/604870/top-bear-market-tips-from-10-financial-advisers”)”:”__typename”:”RequestResponse”,”page”:”__ref”:”Gallery:604870″},”Article:604859″:”id”:”604859″,”__typename”:”Article”,”title”:”In What Order Should You Tap Your Retirement Funds?”,”altTitle”:null,”subtitle”:”Should you go with your IRA first or your brokerage account? Pulling money haphazardly can have negative implications. Instead follow this road map for tax-smart withdrawals.”,”url”:”https://www.kiplinger.com/retirement/retirement-planning/604859/in-what-order-should-you-tap-your-retirement-funds”,”contentType”:”ARTICLE”,”teaserLabel”:”retirement planning”,”cta”:null,”teaserImage”:”__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–Fkno2YiY–/v1656379870/PopsiclesEaten.jpg”,”width”:3200,”height”:1800,”updated”:”2022-06-28T04:30:05-04:00″,”isSponsored”:false,”sponsor”:null,”WhitepaperResource:602288″:”id”:”602288″,”__typename”:”WhitepaperResource”,”title”:”Your Guide to Roth Conversions”,”altTitle”:null,”subtitle”:”A Kiplinger Special Report”,”url”:”https://www.kiplinger.com/taxes/602288/your-guide-to-roth-conversions”,”contentType”:”WHITEPAPER”,”teaserLabel”:”Tax Breaks”,”cta”:”Get the free report”,”teaserImage”:”__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–Gm3YGczO–/v1614121225/roth-ira-vs-regular-ira.png”,”width”:1690,”height”:950,”updated”:”2021-02-25T18:22:49+00:00″,”Article:604850″:”id”:”604850″,”__typename”:”Article”,”title”:”An Easy Way to Find How Much You Will Spend in Retirement”,”altTitle”:null,”subtitle”:”One simple math equation can help you determine where to start building your retirement income plan, and whether your money should last.”,”url”:”https://www.kiplinger.com/retirement/retirement-planning/604850/an-easy-way-to-find-how-much-you-will-spend-in-retirement”,”contentType”:”ARTICLE”,”teaserLabel”:”retirement planning”,”cta”:null,”teaserImage”:”__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–BDeSFm_Z–/v1635253556/MoneyinHands21.jpg”,”width”:3200,”height”:1800,”updated”:”2022-06-27T04:30:05-04:00″,”isSponsored”:false,”sponsor”:null,”Gallery:603893″:”id”:”603893″,”__typename”:”Gallery”,”title”:”The 15 Best Stocks for the Rest of 2022″,”altTitle”:”The 15 Best Stocks for the Rest of 2022″,”subtitle”:”The lesson of the past two years: Be ready for anything. Our 15 best stocks to buy for the rest of 2022 reflect several possible outcomes for the second half of this tumultuous year.”,”url”:”/investing/stocks/stocks-to-buy/603893/22-best-stocks-to-buy-for-2022″,”contentType”:”GALLERY”,”teaserLabel”:”stocks to buy”,”cta”:null,”teaserImage”:”__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–NspB3SHS–/v1639072870/Investing/22-best-stocks-to-buy-for-2022.jpg”,”width”:3200,”height”:1800,”updated”:”2022-06-21T15:40:00-04:00″,”Article:604868″:”id”:”604868″,”__typename”:”Article”,”title”:”Crypto in My 401(k)? In One Way It Makes Sense, But on the Other Hand …”,”altTitle”:null,”subtitle”:”Don’t invest in Bitcoin or other cryptocurrencies in your 401(k) just because it’s cool. Deciding whether to include cryptocurrency in your qualified retirement plan depends on how you answer these three questions.”,”url”:”https://www.kiplinger.com/investing/cryptocurrency/604868/crypto-in-my-401k-in-one-way-it-makes-sense-but-on-the-other-hand”,”contentType”:”ARTICLE”,”teaserLabel”:”cryptocurrency”,”cta”:null,”teaserImage”:”__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–iVhdkVyU–/v1644510367/FocusFrame.jpg”,”width”:3200,”height”:1800,”updated”:”2022-06-30T04:42:03-04:00″,”isSponsored”:false,”sponsor”:null,”Article:604867″:”id”:”604867″,”__typename”:”Article”,”title”:”Updating Your Estate Plan? Don’t Make These Top Mistakes”,”altTitle”:null,”subtitle”:”You’re making the effort to stay on top of your estate plan. That’s great! Now don’t mess it up. Here is how to avoid five of the biggest blunders people often make.”,”url”:”https://www.kiplinger.com/retirement/estate-planning/604867/updating-your-estate-plan-dont-make-these-top-mistakes”,”contentType”:”ARTICLE”,”teaserLabel”:”estate planning”,”cta”:null,”teaserImage”:”__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–XdRN3oeL–/v1656520189/WaddedUpPaper.jpg”,”width”:3200,”height”:1800,”updated”:”2022-06-30T04:30:07-04:00″,”isSponsored”:false,”sponsor”:null,”Article:604863″:”id”:”604863″,”__typename”:”Article”,”title”:”Is It Time to Leave Corporate America and Become a Consultant?”,”altTitle”:null,”subtitle”:”Before you make the jump to self-employment, investigate your options for saving for retirement, controlling your taxes and covering your insurance needs.”,”url”:”https://www.kiplinger.com/personal-finance/careers/604863/is-it-time-to-leave-corporate-america-and-become-a-consultant”,”contentType”:”ARTICLE”,”teaserLabel”:”careers”,”cta”:null,”teaserImage”:”__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–GUtilcXq–/v1656448279/WomanRedShirt.jpg”,”width”:3200,”height”:1800,”updated”:”2022-06-29T04:30:06-04:00″,”isSponsored”:false,”sponsor”:null,”Article:604860″:”id”:”604860″,”__typename”:”Article”,”title”:”5 Ways to Prepare for a Recession”,”altTitle”:null,”subtitle”:”The signs seem to be pointing in one direction these days, so if you’re worried about being ready for a recession, consider taking these five measures.”,”url”:”https://www.kiplinger.com/investing/economy/recession/604860/5-ways-to-prepare-for-a-recession”,”contentType”:”ARTICLE”,”teaserLabel”:”recession”,”cta”:null,”teaserImage”:”__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–OMkB3bg—/v1656380184/ArrowSignPointing.jpg”,”width”:3200,”height”:1800,”updated”:”2022-06-28T04:42:05-04:00″,”isSponsored”:false,”sponsor”:null,”Author:600106″:”id”:”600106″,”__typename”:”Author”,”name”:”the editors of Kiplinger’s Personal Finance”,”url”:”https://www.kiplinger.com/authors/the-editors-of-kiplingers-personal-finance”,”shortBio”:””,”jobTitle”:””,”type”:”Staff”,”disclaimer”:null,”generalLegalDisclaimer”:”This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the u003ca href=”https://adviserinfo.sec.gov/”>SECu003c/a> or with u003ca href=”https://brokercheck.finra.org//”>FINRAu003c/a>.”,”company”:””,”DataBlock:49c9d65a8d60ef33fab1e9c91acbe61a70039df9″:”id”:”49c9d65a8d60ef33fab1e9c91acbe61a70039df9″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>The stock market can be a scary place. Our unprecedented bull market run has finally run itself into the ground, and investors are now facing a new reality. Interest rates are rising, inflation is skyrocketing and stocks and bonds are down.u003c/p>n””,”wordCount”:41,”DataBlock:68b24b75631efb138dd521794e1a25318d5a9155″:”id”:”68b24b75631efb138dd521794e1a25318d5a9155″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Some investors are reacting with panic, while others are seeing it as more of an opportunity.u003c/p>n””,”wordCount”:16,”DataBlock:5449ef395cddc652cd39b8405bb821e93642db9f”:”id”:”5449ef395cddc652cd39b8405bb821e93642db9f”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>How should you deal with u003ca href=”http://www.kiplinger.com/slideshow/investing/t052-s001-8-facts-you-need-to-know-about-bear-markets/index.html”>today’s bear marketu003c/a>? We asked a wide range of experienced financial professionals that very question, and u003cstrong>here are their top bear market tips.u003c/strong>u003c/p>n””,”wordCount”:29,”DataBlock:4144f66f35ecce76575cd585d93017977899fe90″:”id”:”4144f66f35ecce76575cd585d93017977899fe90″,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/investing/604825/smart-investing-in-a-bear-market”,”title”:”Smart Investing in a Bear Market”,”label”:”Smart Investing in a Bear Market”,”primaryMediaType”:”IMAGE”,”image”:”id”:”51373″,”publicId”:”Investing/smart-investing-bear-market-kpfm-august-2022″,”format”:”jpg”,”version”:1655826173,”url”:”http://mediacloud.kiplinger.com/image/private/s–pmgUeVHB–/v1655826173/Investing/smart-investing-bear-market-kpfm-august-2022.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–pmgUeVHB–/v1655826173/Investing/smart-investing-bear-market-kpfm-august-2022.jpg”,”width”:3200,”height”:1800,”size”:160642,”tags”:[],”created”:”2022-06-21T15:42:53Z”,”credit”:”Getty Images”,”alt”:”person playing chess”,”src”:”https://mediacloud.kiplinger.com/image/private/s–pmgUeVHB–/v1655826173/Investing/smart-investing-bear-market-kpfm-august-2022.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”Here’s how to make the most of today’s dicey market.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”DataBlock:3962b7bc5251a0474de427f01ea98b951c2bc81e”:”id”:”3962b7bc5251a0474de427f01ea98b951c2bc81e”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>The current state of the stock market is causing virtually all investors to pause and consider if their current strategies are built to weather this storm. Those who are at least 10-15 years away from needing distributions from their investments AND who are continuing to build wealth through systematic and regular contributions (i.e., 401(k), 403(b), IRA , etc.), most likely won’t need to make any significant changes at this point.  However, since my clients are primarily those who are within five to seven years of retirement OR who have recently retired, the advice I give goes beyond “stay the course.” u003c/p>n””,”wordCount”:100,”DataBlock:36ced98ce5f932858659633b44d20859427d9e73″:”id”:”36ced98ce5f932858659633b44d20859427d9e73″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>As a STARTING POINT to a strong retirement blueprint, I encourage pre-retirees to understand two principles:u003c/p>n””,”wordCount”:16,”DataBlock:71dc00bfd61b28ffd68a59d45c2cde3c2c4aa2b9″:”id”:”71dc00bfd61b28ffd68a59d45c2cde3c2c4aa2b9″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003col>u003cli>u003cstrong>Your strategies should be specific and customized to you and you alone.u003c/strong> Go deeper than just following the lead of co-workers, family and friends when determining what moves to make. Since all families have their own set of unique circumstances when it comes to their wealth (longevity, health, tax status, career enjoyment, too many variables to name here), there really is no one-size-fits-all solution … PERIOD!u003c/li>nu003cli>u003cstrong>Income is the “driver” of most retirement plans.u003c/strong>  Having a retirement budget and knowing exactly how to fund this budget each month is key. If the majority of your income will be coming from predictable sources, such as Social Security and pensions, then you should have more flexibility to avoid “locking in losses” by having to sell investments in this bear market.  However, if you have a need for money now that is beyond what your Social Security and pensions will cover, then you should consider using financial tools designed to provide income and principal protection, such as CDs and various types of annuities, for a portion of your wealth.u003c/li>nu003c/ol>””,”wordCount”:176,”DataBlock:b376a2d36683b144c1f98206fa3829d80b833934″:”id”:”b376a2d36683b144c1f98206fa3829d80b833934″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Just few things to consider when evaluating your next steps. u003c/p>n””,”wordCount”:10,”DataBlock:37a151f3d0db3111ea01654312a31e0725cdbfa2″:”id”:”37a151f3d0db3111ea01654312a31e0725cdbfa2″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>u003ca href=”https://www.kiplinger.com/authors/nicholas-j-toman-cfpr”>Nicholas Tomanu003c/a>, CFP®, is a lead retirement planner and investment adviser with u003ca href=”https://empoweredfm.com/” target=”_blank”>Empowered Financial Managementu003c/a>, a firm that specializes in retirement planning for those individuals within five to seven years of retirement or who have recently retired and no longer wish to serve as their own financial adviser.u003c/em>u003c/p>n””,”wordCount”:50,”DataBlock:0061603a88c41bfa5cf606580bb19f44e01107e2″:”id”:”0061603a88c41bfa5cf606580bb19f44e01107e2″,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/investing/etfs/604794/best-etfs-to-battle-a-bear-market”,”title”:”The 12 Best ETFs to Battle a Bear Market”,”label”:”The 12 Best ETFs to Battle a Bear Market”,”primaryMediaType”:”IMAGE”,”image”:”id”:”51302″,”publicId”:”Investing/best-etfs-bear-market-2022″,”format”:”jpg”,”version”:1655144639,”url”:”http://mediacloud.kiplinger.com/image/private/s–c88XNqUd–/v1655144639/Investing/best-etfs-bear-market-2022.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–c88XNqUd–/v1655144639/Investing/best-etfs-bear-market-2022.jpg”,”width”:3200,”height”:1800,”size”:399898,”tags”:[],”created”:”2022-06-13T18:23:59Z”,”credit”:”Getty Images”,”alt”:”two brown bears fighting”,”src”:”https://mediacloud.kiplinger.com/image/private/s–c88XNqUd–/v1655144639/Investing/best-etfs-bear-market-2022.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”Investors worried about the next market downturn can find plenty of protection among exchange-traded funds (ETFs).”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:100982″:”id”:”100982″,”__typename”:”GalleryItem”,”title”:”Nick Toman: How to react largely depends how close to retirement you are”,”description”:[“__ref”:”DataBlock:3962b7bc5251a0474de427f01ea98b951c2bc81e”,”__ref”:”DataBlock:36ced98ce5f932858659633b44d20859427d9e73″,”__ref”:”DataBlock:71dc00bfd61b28ffd68a59d45c2cde3c2c4aa2b9″,”__ref”:”DataBlock:b376a2d36683b144c1f98206fa3829d80b833934″,”__ref”:”DataBlock:37a151f3d0db3111ea01654312a31e0725cdbfa2″,”__ref”:”DataBlock:0061603a88c41bfa5cf606580bb19f44e01107e2″],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–87LMuJLN–/v1656526753/Nick-Toman.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A mountain biker takes a break in the woods.”],”DataBlock:6c4f936e7e1104af342d2a976518979a55f74eb1″:”id”:”6c4f936e7e1104af342d2a976518979a55f74eb1″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>No one knows where the market is headed, not even the pros (despite what they tell you)! The market could be headed down for two more months or two more years. Instead of worrying about when the downturn will end, spend time on things you can control.u003c/p>n””,”wordCount”:47,”DataBlock:e304db7c4c02eb07221ba166ec623aaf80b5d888″:”id”:”e304db7c4c02eb07221ba166ec623aaf80b5d888″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Here are three items I have recently mentioned to clients to take a closer look at:u003c/p>n””,”wordCount”:16,”DataBlock:336aefd5ec5aae9d78d544be08dbfd9fee83ebe2″:”id”:”336aefd5ec5aae9d78d544be08dbfd9fee83ebe2″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003col>u003cli>u003cstrong>Re-evaluate the amount of cash in your emergency account. u003c/strong>Any market or economic downturn could mean a greater chance of layoffs and job loss. How many months of expenses do you have saved in cash? Are those expenses current (especially considering our recent spike in prices), and are you comfortable with your ability to find a job before these funds run out?u003c/li>nu003cli>u003cstrong>Review your cash flow. u003c/strong>Will your income take a dip with a prolonged downturn? Are there any expenses you could cut from everyday spending? Increased cash flow could be used to either pad your u003ca href=”https://www.kiplinger.com/personal-finance/how-to-save-money/family-savings/601120/emergency-funds-how-to-get-started”>emergency accountu003c/a> or invest (yes, we want you to invest more, read No. 3).u003c/li>nu003cli>u003cstrong>Continue investing. u003c/strong>Although it seems counterintuitive to invest now, it’s actually a great time for the long-term investor to put capital to work. You now can buy into a market that is over 20% cheaper than it was six months ago. Why wouldn’t you buy stocks now when they are on sale?u003c/li>nu003c/ol>””,”wordCount”:162,”DataBlock:ecae95a6352b02006ebadf3f265680c4ec27a3cf”:”id”:”ecae95a6352b02006ebadf3f265680c4ec27a3cf”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>u003ca href=”https://www.kiplinger.com/authors/paul-v-sydlansky-cfp”>Paul Sydlanskyu003c/a>, founder of u003ca href=”http://www.lakeroadadvisors.com/” target=”_blank”>Lake Road Advisors LLCu003c/a>u003c/em>u003cem>, has worked in the financial services industry for over 20 years. Paul is a CERTIFIED FINANCIAL PLANNER™ and a member of the National Association of Personal Financial Advisors (NAPFA) and the XY Planning Network (XYPN). u003c/em>u003c/p>n””,”wordCount”:45,”DataBlock:b8979dbf4d05e15bd02c3ca689b75269ddd294d4″:”id”:”b8979dbf4d05e15bd02c3ca689b75269ddd294d4″,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/investing/604802/is-it-time-to-move-to-cash-the-father-of-the-4-retirement-withdrawal-rule-did”,”title”:”Is It Time to Move to Cash? The Father of the 4% Retirement Withdrawal Rule Did.”,”label”:”Is It Time to Move to Cash? The Father of the 4% Retirement Withdrawal Rule Did.”,”primaryMediaType”:”IMAGE”,”image”:”id”:”41299″,”publicId”:”MoneyGrass”,”format”:”jpg”,”version”:1597019832,”url”:”http://mediacloud.kiplinger.com/image/private/s–ygWMKgss–/v1597019832/MoneyGrass.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–ygWMKgss–/v1597019832/MoneyGrass.jpg”,”width”:3200,”height”:1800,”size”:356051,”tags”:[“grass”,”grass family”,”magnifying glass”,”plant”],”created”:”2020-08-10T00:37:12Z”,”credit”:”Getty Images”,”alt”:”Looking through a magnifying glass at a $100 dollar bill hiding in grass”,”src”:”https://mediacloud.kiplinger.com/image/private/s–ygWMKgss–/v1597019832/MoneyGrass.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”With markets officially in bear territory, many retirees are anxiously wondering what they should do. The man who wrote the 4% Rule recently shifted to mostly cash, but should you?”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:100983″:”id”:”100983″,”__typename”:”GalleryItem”,”title”:”Paul Sydlansky: Focus on what you can control!”,”description”:[“__ref”:”DataBlock:6c4f936e7e1104af342d2a976518979a55f74eb1″,”__ref”:”DataBlock:e304db7c4c02eb07221ba166ec623aaf80b5d888″,”__ref”:”DataBlock:336aefd5ec5aae9d78d544be08dbfd9fee83ebe2″,”__ref”:”DataBlock:ecae95a6352b02006ebadf3f265680c4ec27a3cf”,”__ref”:”DataBlock:b8979dbf4d05e15bd02c3ca689b75269ddd294d4″],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–LbK_p53G–/v1656526851/Paul-Sydlansky.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A closeup of a woman's face as peers straight ahead.”],”DataBlock:c25bf7841f3aeb6c7874d1a07c5abb993a4eba97″:”id”:”c25bf7841f3aeb6c7874d1a07c5abb993a4eba97″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Wanting to get out when the market drops is an emotional decision, one that is difficult to go against – especially when it is not just the stock market that is dropping, but also the bond market (government bonds, safe by reputation, are down over 11% so far this year).  We just don’t want to give back any more than we already have, especially when we don’t know how much more markets will drop.u003c/p>n””,”wordCount”:74,”DataBlock:a31fc4666c2fe88b96e332f355f807f421978c11″:”id”:”a31fc4666c2fe88b96e332f355f807f421978c11″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Yet, as you calmly ponder the bear market and its 20%+ stock market correction, remember that markets do go down, and they u003cstrong>alsou003c/strong> go up. From 2016 to 2021, data tells us that 46.71% of trading days were DOWN days. u003c/p>n””,”wordCount”:40,”DataBlock:3dd5341819a8ba08684aa781332c0b6a150928f3″:”id”:”3dd5341819a8ba08684aa781332c0b6a150928f3″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Yes, that is almost 50%. The other 54.86% trading days from 2016 to 2021 were UP days. u003c/p>n””,”wordCount”:17,”DataBlock:7cef6e80ea3a1c159253b75910e920bc15948b53″:”id”:”7cef6e80ea3a1c159253b75910e920bc15948b53″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>That’s u003cstrong>more u003c/strong>than 50%.u003c/p>n””,”wordCount”:4,”DataBlock:9a623534ba44349a9741538096b9ffe9f597de4a”:”id”:”9a623534ba44349a9741538096b9ffe9f597de4a”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>It is hard when we feel gravity playing tricks with our guts, but look at the data, just for a minute. These days, the stock market may feel like bungee jumping without a rope, but it is much more like a roller coaster: Sure, it feels scary on the way down, but it does bottom out, and then it goes back up.u003c/p>n””,”wordCount”:62,”DataBlock:56ee788f0712feafa70770a9fae4565ba334bffb”:”id”:”56ee788f0712feafa70770a9fae4565ba334bffb”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cstrong>The S&P 500’s Performance since 2000u003c/strong>u003c/p>n””,”wordCount”:6,”DataBlock:c4354fe1e24eefbce72e24688db6f35d27656dfb”:”id”:”c4354fe1e24eefbce72e24688db6f35d27656dfb”,”__typename”:”DataBlock”,”type”:”IMAGE”,”data”:””id”:”51461″,”publicId”:”ChengBear”,”format”:”jpg”,”version”:1656527527,”url”:”http://mediacloud.kiplinger.com/image/private/s–bY3uCUWs–/v1656527527/ChengBear.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–bY3uCUWs–/v1656527527/ChengBear.jpg”,”width”:3200,”height”:1956,”size”:223229,”tags”:[],”created”:”2022-06-29T18:32:07Z”,”credit”:”Courtesy of Chris Chen”,”alt”:”A bar chart shows the S&P's losses since 2000, ranging from -28% to -37% and even -52%, compared to its overall performance of +84% in that same period.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–bY3uCUWs–/v1656527527/ChengBear.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”layout”:”ONE””,”wordCount”:null,”DataBlock:507bb88d9eb5728b9cc6ee8fb4bebab4e8a6267d”:”id”:”507bb88d9eb5728b9cc6ee8fb4bebab4e8a6267d”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>We know that because that’s what it has done before. u003c/p>n””,”wordCount”:10,”DataBlock:395eeeb25ea68c3e546211487158b27698b5bc31″:”id”:”395eeeb25ea68c3e546211487158b27698b5bc31″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cul>u003cli>From March 24, 2000, to Sept. 21, 2001, the S&P 500 dropped 36.77%. u003c/li>nu003cli>From Jan. 4, 2002, to Oct. 9, 2002, it dropped 33.75%. u003c/li>nu003cli>From Oct. 9, 2007, to Nov. 20, 2008, it dropped 51.93%. u003c/li>nu003cli>From Jan. 6, 2009, to March 9, 2009, it dropped 27.62%. u003c/li>nu003cli>From Feb. 19, 2020, to March 23, 2020, it dropped 33.92%u003c/li>nu003c/ul>””,”wordCount”:57,”DataBlock:81b5a2a22358b3a83e31265a322c7ca092cebbd4″:”id”:”81b5a2a22358b3a83e31265a322c7ca092cebbd4″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Yet, despite all those losses, when you look at the S&P’s performance overall during that entire time frame – from March 24, 2000, to Dec. 31, 2021 – u003cstrong>it was up 84.03%.u003c/strong>   u003c/p>n””,”wordCount”:32,”DataBlock:04a246254346e96bb8a54c176b304b6b36a5c9c8″:”id”:”04a246254346e96bb8a54c176b304b6b36a5c9c8″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Will this time be different? Do we have reason to believe that it will? Well, history never repeats itself exactly, but in my opinion, it will rhyme.u003c/p>n””,”wordCount”:27,”DataBlock:988daee97d5e30ae7c60729de28428b23887b287″:”id”:”988daee97d5e30ae7c60729de28428b23887b287″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>u003ca href=”https://www.kiplinger.com/authors/chris-chen-cfpr”>Chris Chenu003c/a>, CFP® CDFA, is the founder of u003ca href=”https://insightfinancialstrategists.com/about-chris-chen-cfp/” target=”_blank”>Insight Financial Strategists LLCu003c/a>, a fee-only investment advisory firm in Newton, Mass. He specializes in retirement planning and divorce financial planning for professionals and business owners. Chris is a member of the National Association of Personal Financial Advisors (NAPFA).u003c/em>u003c/p>n””,”wordCount”:49,”DataBlock:25edefb21047d012d6909cbbb7bf43af642546d5″:”id”:”25edefb21047d012d6909cbbb7bf43af642546d5″,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/investing/bonds/604758/bonds-are-having-a-rough-year-here-are-3-actions-that-can-help”,”title”:”Bonds Are Having a Rough Year. Here Are 3 Actions That Can Help”,”label”:”Bonds Are Having a Rough Year. Here Are 3 Actions That Can Help”,”primaryMediaType”:”IMAGE”,”image”:”id”:”51187″,”publicId”:”LightbulbWomanForehead”,”format”:”jpg”,”version”:1654123449,”url”:”http://mediacloud.kiplinger.com/image/private/s–USzXilPM–/v1654123449/LightbulbWomanForehead.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–USzXilPM–/v1654123449/LightbulbWomanForehead.jpg”,”width”:3200,”height”:1800,”size”:290860,”created”:”2022-06-01T22:44:09Z”,”credit”:”Getty Images”,”alt”:”A smiling woman has a drawing of a lightbulb on a Post It Note stuck to her forehead.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–USzXilPM–/v1654123449/LightbulbWomanForehead.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”Rising interest rates have hurt bond prices. But these three steps can benefit investors worried about their portfolios and their retirement income.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:100984″:”id”:”100984″,”__typename”:”GalleryItem”,”title”:”Chris Chen: What goes down has ALWAYS gone back up”,”description”:[“__ref”:”DataBlock:c25bf7841f3aeb6c7874d1a07c5abb993a4eba97″,”__ref”:”DataBlock:a31fc4666c2fe88b96e332f355f807f421978c11″,”__ref”:”DataBlock:3dd5341819a8ba08684aa781332c0b6a150928f3″,”__ref”:”DataBlock:7cef6e80ea3a1c159253b75910e920bc15948b53″,”__ref”:”DataBlock:9a623534ba44349a9741538096b9ffe9f597de4a”,”__ref”:”DataBlock:56ee788f0712feafa70770a9fae4565ba334bffb”,”__ref”:”DataBlock:c4354fe1e24eefbce72e24688db6f35d27656dfb”,”__ref”:”DataBlock:507bb88d9eb5728b9cc6ee8fb4bebab4e8a6267d”,”__ref”:”DataBlock:395eeeb25ea68c3e546211487158b27698b5bc31″,”__ref”:”DataBlock:81b5a2a22358b3a83e31265a322c7ca092cebbd4″,”__ref”:”DataBlock:04a246254346e96bb8a54c176b304b6b36a5c9c8″,”__ref”:”DataBlock:988daee97d5e30ae7c60729de28428b23887b287″,”__ref”:”DataBlock:25edefb21047d012d6909cbbb7bf43af642546d5″],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–9ORvX924–/v1656526948/Chris-Chen.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A graph charts the up and down course of a yellow paper airplane.”],”DataBlock:eb78ea046e1073bd03dfb59327198e16bf4f8b11″:”id”:”eb78ea046e1073bd03dfb59327198e16bf4f8b11″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Resist the temptation to do something just to act. The correct response in dealing with a bear market (this or future ones) may well be to “do nothing” when it comes to your investment portfolio. If you’re a long-term investor, then hopefully you have a comprehensive strategy in place that was designed with the knowledge that down markets WILL happen along the way. If that’s the case, tinkering with your portfolio as a reaction to what’s happening currently is probably a bad move. If you DON’T have a strategy and you feel worried about the market, now may be the time to work with a professional to get that plan in place so you have that (and an adviser!) to guide you when things feel turbulent.u003c/p>nu003cp>Remember that doing nothing with your investment portfolio doesn’t necessarily mean doing nothing with your finances in general. You can’t control the market, but there are plenty of other aspects of your money that you do have the power to influence. So, think about where you can make an adjustment in an area you have complete control over. The best way to take action may be to:u003c/p>n””,”wordCount”:193,”DataBlock:5092d8a894ff7ec6e56d505b52924dbe08203f76″:”id”:”5092d8a894ff7ec6e56d505b52924dbe08203f76″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cul>u003cli>Decrease your spending.u003c/li>nu003cli>Increase your savings.u003c/li>nu003cli>Focus on building up cash for emergencies.u003c/li>nu003cli>Or put more cash in the market! This is especially pertinent now, when inflation is also running rampant.u003c/li>nu003c/ul>””,”wordCount”:31,”DataBlock:8943ea93709066f4fe7ea39b592d0c019633e9e9″:”id”:”8943ea93709066f4fe7ea39b592d0c019633e9e9″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>While you don’t want to lose all your liquidity when economic outlooks feel bleak, there is such a thing as u003ca href=”https://www.kiplinger.com/investing/602852/yes-you-can-have-too-much-cash”>having too much cash on handu003c/a>. Our guideline for our planning clients is to keep enough cash on hand to cover three to six months’ worth of expenses as an emergency reserve, as well as any cash needed for upcoming, known spending needs or short-term goals. (For example, if you know you want to renovate your home next year and it will cost $50,000, that money should be in cash and available to use toward your goal.) u003c/p>n””,”wordCount”:98,”DataBlock:13153f35caa1b1828f2161b7edebfa5603bda127″:”id”:”13153f35caa1b1828f2161b7edebfa5603bda127″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>If you have enough cash for defined short-term goals and your emergency fund, then anything over that amount should be in the market and going to work for you – not sitting in the bank losing purchasing power to inflation.u003c/p>n””,”wordCount”:40,”DataBlock:e6f8e11f3528690055198e768df337c08071a3fe”:”id”:”e6f8e11f3528690055198e768df337c08071a3fe”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Now is a great opportunity for long-term investors to buy into the market at lower prices. It can feel scary to jump in when everyone else is fleeing, but that’s one big reason why Warren Buffett is famous: “Be greedy when others are fearful!”u003c/p>n””,”wordCount”:44,”DataBlock:1dffca602fdb5c56129c81e13bf27dcbb672897d”:”id”:”1dffca602fdb5c56129c81e13bf27dcbb672897d”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>u003ca href=”https://www.kiplinger.com/authors/eric-roberge-certified-financial-planner-cfp-and-investment-adviser”>Eric Robergeu003c/a>, CFP®, is the founder of u003ca href=”https://bit.ly/byhforkip” target=”_blank”>Beyond Your Hammocku003c/a>u003c/em>u003cem>, a financial planning firm working in Boston and virtually across the country. BYH specializes in helping professionals in their 30s and 40s use their money as a tool to enjoy life today while planning responsibly for tomorrow. u003c/em>u003c/p>n””,”wordCount”:49,”DataBlock:ccf28e61d1ddb8ddfde6c558a9bf4427d359838b”:”id”:”ccf28e61d1ddb8ddfde6c558a9bf4427d359838b”,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/investing/604714/is-securities-based-lending-a-good-idea”,”title”:”Is Securities-Based Lending a Good Idea?”,”label”:”Is Securities-Based Lending a Good Idea?”,”primaryMediaType”:”IMAGE”,”image”:”id”:”41988″,”publicId”:”ConfusedWoman”,”format”:”jpg”,”version”:1600309211,”url”:”http://mediacloud.kiplinger.com/image/private/s–xGFLfmVO–/v1600309211/ConfusedWoman.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–xGFLfmVO–/v1600309211/ConfusedWoman.jpg”,”width”:3200,”height”:1800,”size”:329661,”tags”:[“beauty”,”black hair”,”cheek”,”chin”,”eyebrow”,”face”,”fashion”,”forehead”,”hair”,”hairstyle”,”head”,”lip”,”neck”,”nose”,”shoulder”,”skin”],”created”:”2020-09-17T02:20:11Z”,”credit”:”Getty Images”,”alt”:”Woman with a concerned look on her face.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–xGFLfmVO–/v1600309211/ConfusedWoman.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”Securities-based lending may be a quick way to lay your hands on some cash, but you should be aware of the potential for risk.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:100998″:”id”:”100998″,”__typename”:”GalleryItem”,”title”:”Eric Roberge: Do what would Warren Buffett would do”,”description”:[“__ref”:”DataBlock:eb78ea046e1073bd03dfb59327198e16bf4f8b11″,”__ref”:”DataBlock:5092d8a894ff7ec6e56d505b52924dbe08203f76″,”__ref”:”DataBlock:8943ea93709066f4fe7ea39b592d0c019633e9e9″,”__ref”:”DataBlock:13153f35caa1b1828f2161b7edebfa5603bda127″,”__ref”:”DataBlock:e6f8e11f3528690055198e768df337c08071a3fe”,”__ref”:”DataBlock:1dffca602fdb5c56129c81e13bf27dcbb672897d”,”__ref”:”DataBlock:ccf28e61d1ddb8ddfde6c558a9bf4427d359838b”],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–dKRjc9Cf–/v1656527766/Eric-Roberge.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A photo of epic investor Warren Buffett, wearing a suit.”],”DataBlock:d8490e933b6c6ac7dccb9ae97cd4a3a793e861e9″:”id”:”d8490e933b6c6ac7dccb9ae97cd4a3a793e861e9″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>I would encourage investors to review their short-term investments and consider opportunities the rise in rates have created. u003c/p>n””,”wordCount”:18,”DataBlock:66345cc60fc5e99924f265e388388012c820506a”:”id”:”66345cc60fc5e99924f265e388388012c820506a”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003ca href=”https://www.kiplinger.com/economic-forecasts/interest-rates”>Interest rates have risenu003c/a> sharply in a short period of time, giving investors a much better return opportunity on short-term Treasury bonds and certificates of deposit than just a few months ago.u003c/p>n””,”wordCount”:32,”DataBlock:58eea3a47ad845d5f6d5c6508d42958a77b5aaab”:”id”:”58eea3a47ad845d5f6d5c6508d42958a77b5aaab”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>For example, rates have likely increased for people with funds in a money market or a bank account. However, those willing to forgo immediate liquidity can earn substantially higher interest rates by buying Treasuries or certificates of deposits with maturity dates between two months and two years.u003c/p>n””,”wordCount”:47,”DataBlock:a0537cfa12fd781eb2129ae842d48ce97f8e97e7″:”id”:”a0537cfa12fd781eb2129ae842d48ce97f8e97e7″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>As of June 17, the yield on a two-month U.S. Treasury bond was 1.50%, jumping to 3.17% for a two-year bond. Investors may want to create a bond ladder by buying Treasuries or CDs over multiple maturities based on their liquidity needs.u003c/p>n””,”wordCount”:42,”DataBlock:72bef2b1722ad1504048cd3120f4059d032bfa3b”:”id”:”72bef2b1722ad1504048cd3120f4059d032bfa3b”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Another tactic is to use this downturn to rebalance your portfolio by selling asset classes that have held up best and buying those classes hardest hit.  For example, this could mean selling investments in some commodities and real estate while picking up high-quality stocks that have been hit hard. Use this to bring your portfolio back to its target weights.u003c/p>n””,”wordCount”:60,”DataBlock:ad207c070a2167599a5a904922f9fb42730e8b76″:”id”:”ad207c070a2167599a5a904922f9fb42730e8b76″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Finally, reduce your potential year-end tax bill by selling positions with losses.  You can replace these with similar investments or buy them back after 30 days. This move enables investors to offset the taxes owed on capital gains elsewhere in their portfolios. The result is that less of your money goes to taxes and more may stay invested and working for you.u003c/p>n””,”wordCount”:62,”DataBlock:81fc0cdca28c4198fd1086df05919f01485b5467″:”id”:”81fc0cdca28c4198fd1086df05919f01485b5467″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>u003ca href=”https://www.kiplinger.com/authors/don-wilson-cfar-cfpr”>Don Wilsonu003c/a> is a partner and the chief investment officer at u003ca href=”http://www.brightworth.com” target=”_blank”>CI Brightworthu003c/a>. His primary roles are developing the overall investment strategy for client portfolios, leading the investment research and portfolio management team and chairing the Investment Committee. u003c/em>u003c/p>n””,”wordCount”:39,”DataBlock:d226b3b5490f86861b7eb3a4d778de0b41df1970″:”id”:”d226b3b5490f86861b7eb3a4d778de0b41df1970″,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/investing/604638/timely-tips-for-investors-to-deal-with-todays-worst-challenges”,”title”:”Timely Tips for Investors to Deal with Today’s Worst Challenges”,”label”:”Timely Tips for Investors to Deal with Today’s Worst Challenges”,”primaryMediaType”:”IMAGE”,”image”:”id”:”47186″,”publicId”:”CringeMan”,”format”:”jpg”,”version”:1628629856,”url”:”http://mediacloud.kiplinger.com/image/private/s–lb0SU_gs–/v1628629856/CringeMan.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–lb0SU_gs–/v1628629856/CringeMan.jpg”,”width”:3200,”height”:1800,”size”:360439,”tags”:[“beard”,”beauty”,”black hair”,”cheek”,”chest”,”chin”,”cool”,”electric blue”,”eyebrow”,”eyelash”,”facial hair”,”flash photography”,”forehead”,”gesture”,”hair”,”happy”,”jaw”,”lip”,”moustache”,”mouth”,”neck”,”nose”,”shirt”,”sleeve”,”smile”,”t-shirt”],”created”:”2021-08-10T21:10:56Z”,”credit”:”Getty Images”,”alt”:”A man cringes in embarrassment.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–lb0SU_gs–/v1628629856/CringeMan.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”When it comes to your retirement savings, in unpredictable times it’s good to have a few well-respected investing rules of thumb to fall back on for reassurance.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:100999″:”id”:”100999″,”__typename”:”GalleryItem”,”title”:”Don Wilson: We’ve got some strategic opportunities now, so take advantage”,”description”:[“__ref”:”DataBlock:d8490e933b6c6ac7dccb9ae97cd4a3a793e861e9″,”__ref”:”DataBlock:66345cc60fc5e99924f265e388388012c820506a”,”__ref”:”DataBlock:58eea3a47ad845d5f6d5c6508d42958a77b5aaab”,”__ref”:”DataBlock:a0537cfa12fd781eb2129ae842d48ce97f8e97e7″,”__ref”:”DataBlock:72bef2b1722ad1504048cd3120f4059d032bfa3b”,”__ref”:”DataBlock:ad207c070a2167599a5a904922f9fb42730e8b76″,”__ref”:”DataBlock:81fc0cdca28c4198fd1086df05919f01485b5467″,”__ref”:”DataBlock:d226b3b5490f86861b7eb3a4d778de0b41df1970″],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–jzL4I9aO–/v1656527864/Don-Wilson.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”An empty picture frame is held up to the horizon.”],”DataBlock:28856b9b003ece8be33fd4c1c71421f68f2a3b1e”:”id”:”28856b9b003ece8be33fd4c1c71421f68f2a3b1e”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>There are two things that should never surprise you: The fact that investing in the stock market has risks of losing money and that when you skydive you free fall from an airplane. These are both certainties. However, what may surprise you is that people jumping from airplanes are often more prepared for what they anticipate will happen than investors are.u003c/p>n””,”wordCount”:61,”DataBlock:142bb84d10639056cc2f16de8893c906ef07a184″:”id”:”142bb84d10639056cc2f16de8893c906ef07a184″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>People who skydive enjoy the adrenaline-fueled rush of falling to the earth at 120 miles per hour, but you don’t need to experience jumping out of an airplane to know that the most important part of the trip back to earth is having a parachute. u003c/p>n””,”wordCount”:45,”DataBlock:f8ab0bbbd13069c1337d3b93e1f784df87ceb665″:”id”:”f8ab0bbbd13069c1337d3b93e1f784df87ceb665″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>For investors, the possibility of losing money as a result of a market downturn is well known, yet often ignored as they focus on the long-term growth potential of the market. The attitude most often is to simply grin and bear it, but when markets inevitably turn negative, investors are left wishing they had a proverbial parachute.u003c/p>n””,”wordCount”:57,”DataBlock:49e8bfb1e80909d2a295b18fb95ed2f9804e668b”:”id”:”49e8bfb1e80909d2a295b18fb95ed2f9804e668b”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>You see, regardless of how diversified you think you are or how optimistic you are about the market, when the market falls most everything else in the market falls right along with it – and trying to rearrange the chairs on the Titanic by adding more stock market investments isn’t going to fix the problem.u003c/p>n””,”wordCount”:55,”DataBlock:fedfdbc3afc658e5e83b40405428543569d7e5a5″:”id”:”fedfdbc3afc658e5e83b40405428543569d7e5a5″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Investors can build their own proverbial parachute for their portfolio by adding private markets, annuities and specially designed life insurance products designed to work synergistically with the stock market. Yes, some of these carry their own set of risks, but by mixing products together you create a proverbial parachute of investments that do not behave in the same way, aren’t impacted by the same things, don’t grow in the same manner and don’t all fall at the same time.u003c/p>n””,”wordCount”:79,”DataBlock:e0ecf19502fb554f0c3cd0b3d90067ccdac11866″:”id”:”e0ecf19502fb554f0c3cd0b3d90067ccdac11866″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>I go into more detail about this in my column “u003ca href=”https://www.kiplinger.com/retirement/retirement-planning/604502/for-real-financial-security-do-not-do-what-everyone-else-is”>For Real Financial Security, Do NOT Do What Everyone Else is Doingu003c/a>.”u003c/p>n””,”wordCount”:23,”DataBlock:1582463b3c88a9e460b826f7cbcfbaea558e52e1″:”id”:”1582463b3c88a9e460b826f7cbcfbaea558e52e1″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>u003ca href=”https://www.kiplinger.com/authors/brian-skrobonja-investment-adviser-representative”>Brian Skrobonjau003c/a> is an author, blogger, podcaster and speaker. He is the founder of St. Louis Mo.-based wealth management firm u003ca href=”https://brianskrobonja.com/” target=”_blank”>Skrobonja Financial Group LLCu003c/a>u003c/em>u003cem>. His goal is to help his audience discover the root of their beliefs about money and challenge them to think differently. Brian is the author of three books, and his u003ca href=”https://brianskrobonja.com/podcast/” target=”_blank”>Common Sense podcastu003c/a>u003c/em>u003cem> was named one of the Top 10 by Forbes.u003c/em>u003c/p>n””,”wordCount”:67,”DataBlock:191156c82b305eee3f59e21cd7585dec4158b526″:”id”:”191156c82b305eee3f59e21cd7585dec4158b526″,”__typename”:”DataBlock”,”type”:”HEADER”,”data”:””text”:”Securities offered through Kalos Capital Inc., Member FINRA/SIPC/MSRB and investment advisory services offered through Kalos Management Inc., an SEC registered Investment Adviser, both located at11525 Park Wood Circle, Alpharetta, GA 30005. Kalos Capital and Kalos Management do not provide tax or legal advice. Skrobonja Financial Group, LLC and Skrobonja Insurance Services, LLC are not an affiliate or subsidiary of Kalos Capital or Kalos Management.”,”size”:”6″”,”wordCount”:null,”DataBlock:309172a73d4e823fa2e0c4a9fbc8c0001b4fdd90″:”id”:”309172a73d4e823fa2e0c4a9fbc8c0001b4fdd90″,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/retirement/retirement-planning/602530/6-retirement-killers-to-avoid-at-all-costs”,”title”:”6 ‘Retirement Killers’ to Avoid at All Costs”,”label”:”6 ‘Retirement Killers’ to Avoid at All Costs”,”primaryMediaType”:”IMAGE”,”image”:”id”:”51293″,”publicId”:”PiggyBankDead”,”format”:”jpg”,”version”:1655132101,”url”:”http://mediacloud.kiplinger.com/image/private/s–9PQonlBO–/v1655132101/PiggyBankDead.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–9PQonlBO–/v1655132101/PiggyBankDead.jpg”,”width”:3200,”height”:1800,”size”:358776,”tags”:[],”created”:”2022-06-13T14:55:01Z”,”credit”:”Getty Images”,”alt”:”A piggy bank with X's for eyes and a sad mouth lies upside down.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–9PQonlBO–/v1655132101/PiggyBankDead.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”It’s unfortunate, but people make the same money mistakes all the time. Here are six surefire mistakes that can kill your retirement – and remedies that can help get you back on track.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:101000″:”id”:”101000″,”__typename”:”GalleryItem”,”title”:”Brian Skrobonja: Investors need to prepare for bear markets like skydivers do “,”description”:[“__ref”:”DataBlock:28856b9b003ece8be33fd4c1c71421f68f2a3b1e”,”__ref”:”DataBlock:142bb84d10639056cc2f16de8893c906ef07a184″,”__ref”:”DataBlock:f8ab0bbbd13069c1337d3b93e1f784df87ceb665″,”__ref”:”DataBlock:49e8bfb1e80909d2a295b18fb95ed2f9804e668b”,”__ref”:”DataBlock:fedfdbc3afc658e5e83b40405428543569d7e5a5″,”__ref”:”DataBlock:e0ecf19502fb554f0c3cd0b3d90067ccdac11866″,”__ref”:”DataBlock:1582463b3c88a9e460b826f7cbcfbaea558e52e1″,”__ref”:”DataBlock:191156c82b305eee3f59e21cd7585dec4158b526″,”__ref”:”DataBlock:309172a73d4e823fa2e0c4a9fbc8c0001b4fdd90″],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–GGfMiJIk–/v1656527943/Brian-Skrobonja.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A skydiver smiles as he free falls.”],”DataBlock:37ec3c78e41053fd378100349360d73bdd49c1c6″:”id”:”37ec3c78e41053fd378100349360d73bdd49c1c6″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>If you’ve panicked and have already gone to cash, or you know you’re about ready to do so, once you get in a cash position start dollar-cost averaging your way back into the market over the next 12 to 18 months. For example, if you panicked and pulled $225,000 out of the market recently, you could start moving roughly $12,500 back in on the same day each month over the next 18 months.u003c/p>n””,”wordCount”:73,”DataBlock:4e9aa2a7f6d9b9deaa69bbb74162fc9ff9e27aed”:”id”:”4e9aa2a7f6d9b9deaa69bbb74162fc9ff9e27aed”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>It’s critical to be disciplined to do this every month, especially in the months where the market falls as this gives you an opportunity to buy the shares cheaper.u003c/p>n””,”wordCount”:29,”DataBlock:e52b5eaee53702cd6818f974179938b03dcfc110″:”id”:”e52b5eaee53702cd6818f974179938b03dcfc110″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>This strategy removes much of the agonizing decision-making that goes along with trying to time the market to go back in at the best price.u003c/p>n””,”wordCount”:25,”DataBlock:cd0388d26ae92c20c4fc2521068b6ba457400bc9″:”id”:”cd0388d26ae92c20c4fc2521068b6ba457400bc9″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>In essence u003ca href=”https://www.kiplinger.com/article/investing/t052-c008-s001-dollar-cost-averaging-how-does-dca-work-should-you.html”>dollar-cost averagingu003c/a> will help you avoid the mistake of moving the money in one lump sum back into the market right before a precipitous drop.  And it’s also a lot easier on your emotions to spread your entry point out over 12 to 18 months rather than putting all the money back into the market at one time.u003c/p>n””,”wordCount”:60,”DataBlock:75273ff75468b19d6b0075443103817c2d5f86ba”:”id”:”75273ff75468b19d6b0075443103817c2d5f86ba”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>This strategy tends to lower the price that you’ll pay for your investments over time, leading to less of a loss if they continue to decline, and will generate greater gains when the investments start rebounding.u003c/p>n””,”wordCount”:36,”DataBlock:68b8543a041c8ca6a20920e184c62a6904fa1765″:”id”:”68b8543a041c8ca6a20920e184c62a6904fa1765″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>In a similar fashion you should continue contributing on a monthly basis into the market in your 401(k) plan, especially when the market is going down. The vast majority of the time this will help you get an average price on your shares that will be lower compared to someone who gets rattled and discontinues buying shares every time the market drops.u003c/p>n””,”wordCount”:62,”DataBlock:312627c26c5d7d77fd095c5f1be76182eb8fb669″:”id”:”312627c26c5d7d77fd095c5f1be76182eb8fb669″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>u003ca href=”https://www.kiplinger.com/authors/mike-piershale-chfc”>Mike Piershaleu003c/a>, ChFC, is president of u003ca href=”https://www.piershalefinancial.com/”>Piershale Financial Groupu003c/a> in Barrington, Ill. He works directly with clients on retirement and estate planning, portfolio management and insurance needs.u003c/em>u003c/p>n””,”wordCount”:28,”DataBlock:24c0e6fe9e9db6601bba55fa2ba4cc4e8344c72c”:”id”:”24c0e6fe9e9db6601bba55fa2ba4cc4e8344c72c”,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/retirement/retirement-planning/604705/retirement-income-shouldnt-depend-on-the-market-it-should”,”title”:”Retirement Income Shouldn’t Depend on the Market; It Should Depend on Math”,”label”:”Retirement Income Shouldn’t Depend on the Market; It Should Depend on Math”,”primaryMediaType”:”IMAGE”,”image”:”id”:”47254″,”publicId”:”CalculatorMan”,”format”:”jpg”,”version”:1629151539,”url”:”http://mediacloud.kiplinger.com/image/private/s–SynnrnNz–/v1629151539/CalculatorMan.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–SynnrnNz–/v1629151539/CalculatorMan.jpg”,”width”:3200,”height”:1600,”size”:357122,”tags”:[“blazer”,”collar”,”communication device”,”display device”,”electronic device”,”font”,”gadget”,”gesture”,”mobile device”,”mobile phone”,”multimedia”,”office equipment”,”portable communications device”,”telephony”,”tie”],”created”:”2021-08-16T22:05:39Z”,”credit”:”Getty Images”,”alt”:”A man holds up a calculator.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–SynnrnNz–/v1629151539/CalculatorMan.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”The math isn’t as tough as you might think. It all starts with dividing your assets into three different buckets.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:101001″:”id”:”101001″,”__typename”:”GalleryItem”,”title”:”Mike Piershale: If you cashed out of stocks out of fear, start easing back in”,”description”:[“__ref”:”DataBlock:37ec3c78e41053fd378100349360d73bdd49c1c6″,”__ref”:”DataBlock:4e9aa2a7f6d9b9deaa69bbb74162fc9ff9e27aed”,”__ref”:”DataBlock:e52b5eaee53702cd6818f974179938b03dcfc110″,”__ref”:”DataBlock:cd0388d26ae92c20c4fc2521068b6ba457400bc9″,”__ref”:”DataBlock:75273ff75468b19d6b0075443103817c2d5f86ba”,”__ref”:”DataBlock:68b8543a041c8ca6a20920e184c62a6904fa1765″,”__ref”:”DataBlock:312627c26c5d7d77fd095c5f1be76182eb8fb669″,”__ref”:”DataBlock:24c0e6fe9e9db6601bba55fa2ba4cc4e8344c72c”],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–c54GwEPr–/v1656528028/Mike-Piershale.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A swimmer standing on the edge of a pool dips her toe in the water.”],”DataBlock:1b71fb54c1cf533929c1087597b0cbad2d625bca”:”id”:”1b71fb54c1cf533929c1087597b0cbad2d625bca”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Many older folks approaching or in retirement have far too much of their portfolios exposed to market risk.  When you’re young, you have decades to recover from a prolonged bear market.  You don’t when you’re retired and withdrawing money for living expenses. u003c/p>n””,”wordCount”:42,”DataBlock:4c7882753202652bfae0ab5666b202a89e8f636d”:”id”:”4c7882753202652bfae0ab5666b202a89e8f636d”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>To reduce risk, guarantee principal and earn a solid return, consider allocating a portion of your portfolio to fixed annuities, which come in two types. Both are tax-deferred when held in a nonqualified account.u003c/p>n””,”wordCount”:34,”DataBlock:31da3142deb0c2cc6ff0c8e95c57d3cf4bed6712″:”id”:”31da3142deb0c2cc6ff0c8e95c57d3cf4bed6712″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>A u003ca href=”https://www.kiplinger.com/retirement/annuities/601499/how-to-pick-an-indexed-annuity”>fixed indexed annuity (FIA)u003c/a> removes downside market risk and protects your principal while positioning your money to benefit from a future market rebound whenever it happens.  It gives you the best opportunity to keep up with high inflation while still protecting your principal.  Interest rate gains are linked to market performance and locked in each year and can never be lost in any future market downturn, thus protecting your principal and previously credited amounts. u003c/p>n””,”wordCount”:75,”DataBlock:2c24c75fb451e8bcf0ed0229b117432aae8c9a9b”:”id”:”2c24c75fb451e8bcf0ed0229b117432aae8c9a9b”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>The upside is limited by caps and participation rates built into the product. They’ve improved substantially in recent months, giving you more growth potential.u003c/p>n””,”wordCount”:24,”DataBlock:dba881503c2f3e05138fa62519ea4cad3b076080″:”id”:”dba881503c2f3e05138fa62519ea4cad3b076080″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>You can add an income rider to guarantee future income regardless of what the market might do. Use this strategy rather than the hope that your portfolio will recover and be sufficient to support your retirement.  You can call this your “safe money” allocation.  u003c/p>n””,”wordCount”:44,”DataBlock:dd9d10b9c2f3ca0577de429f78a9f9a73af021e3″:”id”:”dd9d10b9c2f3ca0577de429f78a9f9a73af021e3″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Many FIAs also come with significant upfront bonuses for investors, which can help make up for recent market losses.  Before investing, make sure the product is a good fit for your objectives and needs.u003c/p>n””,”wordCount”:34,”DataBlock:c0a89b27935f9e538855f6051659bb30788d5f09″:”id”:”c0a89b27935f9e538855f6051659bb30788d5f09″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>FIAs pay fluctuating interest rates.  But u003ca href=”https://www.kiplinger.com/retirement/annuities/604235/laddering-fixed-rate-annuities-offers-rates-that-beat-bank-cds-plus”>fixed-rate annuities (multi-year guarantee annuities)u003c/a> pay a set, guaranteed rate of interest for two to 10 years. It’s a simple, straightforward product that resembles a bank CD. Interest rates have improved dramatically in recent months, and you can now earn up to 4.30%.u003c/p>n””,”wordCount”:49,”DataBlock:04ff681d54ffe7ceac7fd1e2ee63440943cd035b”:”id”:”04ff681d54ffe7ceac7fd1e2ee63440943cd035b”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>Retirement-income expert u003ca href=”https://www.kiplinger.com/authors/ken-nuss”>Ken Nussu003c/a> is the founder and CEO of AnnuityAdvantage, a leading online provider of fixed-rate, fixed-indexed and immediate-income annuities. Interest rates from dozens of insurers are constantly updated on its website at u003ca href=”https://www.annuityadvantage.com/” target=”_blank”>https://www.annuityadvantage.comu003c/a>u003c/em>u003cem>.u003c/em>u003c/p>n””,”wordCount”:36,”DataBlock:20916f3a4223cd87b5c7cb1d98eacb277dcd157d”:”id”:”20916f3a4223cd87b5c7cb1d98eacb277dcd157d”,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/retirement/annuities/604229/using-a-fixed-annuity-for-fixed-income”,”title”:”Using a Fixed Annuity for Fixed Income”,”label”:”Using a Fixed Annuity for Fixed Income”,”primaryMediaType”:”IMAGE”,”image”:”id”:”48529″,”publicId”:”UmbrellaColorful”,”format”:”jpg”,”version”:1636722293,”url”:”http://mediacloud.kiplinger.com/image/private/s–Yv-wLO1d–/v1636722293/UmbrellaColorful.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–Yv-wLO1d–/v1636722293/UmbrellaColorful.jpg”,”width”:3200,”height”:1800,”size”:356037,”tags”:[“art”,”automotive wheel system”,”electric blue”,”event”,”font”,”magenta”,”triangle”,”umbrella”],”created”:”2021-11-12T13:04:53Z”,”credit”:”Getty Images”,”alt”:”A person takes shelter under a colorful umbrella.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–Yv-wLO1d–/v1636722293/UmbrellaColorful.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”Fixed annuities provide principal stability, competitive interest rates and tax-deferral. Here’s a look at how a fixed deferred annuity works, including some pros and cons.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:101002″:”id”:”101002″,”__typename”:”GalleryItem”,”title”:”Ken Nuss: Retirees and near-retirees need to watch their risk”,”description”:[“__ref”:”DataBlock:1b71fb54c1cf533929c1087597b0cbad2d625bca”,”__ref”:”DataBlock:4c7882753202652bfae0ab5666b202a89e8f636d”,”__ref”:”DataBlock:31da3142deb0c2cc6ff0c8e95c57d3cf4bed6712″,”__ref”:”DataBlock:2c24c75fb451e8bcf0ed0229b117432aae8c9a9b”,”__ref”:”DataBlock:dba881503c2f3e05138fa62519ea4cad3b076080″,”__ref”:”DataBlock:dd9d10b9c2f3ca0577de429f78a9f9a73af021e3″,”__ref”:”DataBlock:c0a89b27935f9e538855f6051659bb30788d5f09″,”__ref”:”DataBlock:04ff681d54ffe7ceac7fd1e2ee63440943cd035b”,”__ref”:”DataBlock:20916f3a4223cd87b5c7cb1d98eacb277dcd157d”],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–nCqIXonv–/v1656528114/Ken-Nuss.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A dandelion with a full head sits next to one whose seeds have all blown away.”],”DataBlock:4b817e607b998a4e7fc72008f560edf5e7b8dc8a”:”id”:”4b817e607b998a4e7fc72008f560edf5e7b8dc8a”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Now is not the time to deviate from the good advice and strategies that have worked for investors over the years. My recommendations to investors right now are to stick to the basics:u003c/p>n””,”wordCount”:33,”DataBlock:9afaea152e5d9e005a86fbb39cf168598e1ad346″:”id”:”9afaea152e5d9e005a86fbb39cf168598e1ad346″,”__typename”:”DataBlock”,”type”:”HEADER”,”data”:””text”:”Stay diversified”,”size”:”4″”,”wordCount”:null,”DataBlock:0e23e132ea610dc1e198c8e1788c21695d544faf”:”id”:”0e23e132ea610dc1e198c8e1788c21695d544faf”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>It is important to include cash, equities and fixed income in your portfolio. How much you allocate to each investment class is a function of your time horizon, your risk tolerance, your tax bracket and your cash flow requirements. Each asset class plays an important role. Having cash provides peace of mind because it is liquid and readily available. It can protect you against market risk or u003ca href=”https://www.kiplinger.com/article/retirement/t037-c032-s014-retirees-can-t-overlook-sequence-of-return-risk.html”>sequence of return risku003c/a> by not having to liquidate other assets at an inopportune time.u003c/p>n””,”wordCount”:82,”DataBlock:f7ff67340311d99e68fa91d3bd2de10c86d5de32″:”id”:”f7ff67340311d99e68fa91d3bd2de10c86d5de32″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Although you may be seeing red when you log into your portfolio dashboard, including equities in your portfolio is important because they can appreciate at a rate greater than inflation of the long term. So, equities can help address inflation risk and longevity risk.u003c/p>n””,”wordCount”:44,”DataBlock:faec37d2dcd85f162ef4c5ec47c61f2877db9817″:”id”:”faec37d2dcd85f162ef4c5ec47c61f2877db9817″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Higher inflation and rising interest rates have put downward pressure on bond prices. Bonds may lag equities in good years, but they can help provide stability in a portfolio.u003c/p>n””,”wordCount”:29,”DataBlock:d86c8710e7a07385c7936fe9834eaae89c32ec79″:”id”:”d86c8710e7a07385c7936fe9834eaae89c32ec79″,”__typename”:”DataBlock”,”type”:”HEADER”,”data”:””text”:”Continue to invest through dollar-cost averaging”,”size”:”4″”,”wordCount”:null,”DataBlock:9de8ccaa2bb6f600e7a3dde638642e8707bf5bef”:”id”:”9de8ccaa2bb6f600e7a3dde638642e8707bf5bef”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Many investors don’t realize that dollar-cost averaging is what they’re already doing with their 401(k) plans, 529 plans, Roth IRAs & IRAs all along. Don’t stop now.u003c/p>n””,”wordCount”:27,”DataBlock:8ed52081c277be9c3b96ee8245f4dc884ff3bc0c”:”id”:”8ed52081c277be9c3b96ee8245f4dc884ff3bc0c”,”__typename”:”DataBlock”,”type”:”HEADER”,”data”:””text”:”Understand the distinction between risk tolerance and risk capacity”,”size”:”4″”,”wordCount”:null,”DataBlock:2424e97fc685bd3e2101ae4e2086767aa529f08e”:”id”:”2424e97fc685bd3e2101ae4e2086767aa529f08e”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cstrong>u003ca href=”https://www.kiplinger.com/article/investing/t047-c032-s013-what-investors-need-to-know-about-risk.html”>Risk toleranceu003c/a>u003c/strong> is a measure of how much risk you are willing to take on. Generally, there are three types of investors: conservative, moderate and aggressive. The level of risk tolerance increases as you move from conservative to aggressive. Factors including age, income, financial goals and psychological and emotional conditions influence your risk tolerance. Risk tolerance is u003cem>subjective.u003c/em> While there are factors that inform it (age, income, financial goals), they are not determinative, given the role of emotion and psychology.u003c/p>n””,”wordCount”:80,”DataBlock:a94985d75ff8af8e5d9ac6efd6ceb6db168d7975″:”id”:”a94985d75ff8af8e5d9ac6efd6ceb6db168d7975″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>CFP® professionals define risk tolerance as the amount of risk you can take and still sleep at night. How much risk are you comfortable with? What level of risk won’t keep you awake at night after refreshing the balance on your portfolio dashboard?u003c/p>n””,”wordCount”:43,”DataBlock:16afe3db32ce79a77db2d5c41d30b58cc0b38220″:”id”:”16afe3db32ce79a77db2d5c41d30b58cc0b38220″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cstrong>Risk capacity u003c/strong>may sound similar, but it’s different in an important way. The level of risk you are willing to take is not the same thing as the level of risk you should take. Risk capacity is the measure of the latter. It’s an u003cem>objective u003c/em>determination of the level of risk you should be taking in your portfolio to achieve your financial goals. Factors like time frame/time horizon, cash flow, income requirements, debt, insurance and liquidity will determine your risk capacity.u003c/p>n””,”wordCount”:81,”DataBlock:e491da1bcfa315c0a0d33817a3a68f780c1a497a”:”id”:”e491da1bcfa315c0a0d33817a3a68f780c1a497a”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>u003ca href=”https://www.kiplinger.com/authors/marguerita-m-cheng-cfpr”>Marguerita M. Chengu003c/a> is CEO at u003ca href=”https://www.blueoceanglobalwealth.com/” target=”_blank”>Blue Ocean Global Wealthu003c/a>u003c/em>u003cem>. She is a CFP® professional, a Chartered Retirement Planning Counseloru003c/em>u003cem>℠u003c/em>u003cem>, Retirement Income Certified Professional and a Certified Divorce Financial Analyst. She helps educate the public, policymakers and media about the benefits of competent, ethical financial planning.u003c/em>u003c/p>n””,”wordCount”:49,”DataBlock:85c6404f60d1613ba312d0890abf4d64f7633015″:”id”:”85c6404f60d1613ba312d0890abf4d64f7633015″,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/investing/economy/604715/you-may-be-worrying-about-the-economy-too-much”,”title”:”You May Be Worrying About the Economy Too Much”,”label”:”You May Be Worrying About the Economy Too Much”,”primaryMediaType”:”IMAGE”,”image”:”id”:”51095″,”publicId”:”FlowerPicker”,”format”:”jpg”,”version”:1653418405,”url”:”http://mediacloud.kiplinger.com/image/private/s–02JoNbP0–/v1653418405/FlowerPicker.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–02JoNbP0–/v1653418405/FlowerPicker.jpg”,”width”:3200,”height”:1800,”size”:359708,”created”:”2022-05-24T18:53:25Z”,”credit”:”Getty Images”,”alt”:”A smiling woman picks flowers in a green field.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–02JoNbP0–/v1653418405/FlowerPicker.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”Buck up. Yes, we are facing some crises right now, but once you put things into perspective, you’ll see things may not be as bleak as you fear.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:101003″:”id”:”101003″,”__typename”:”GalleryItem”,”title”:”Marguerita Cheng: Stick with sound investing principles during bear markets”,”description”:[“__ref”:”DataBlock:4b817e607b998a4e7fc72008f560edf5e7b8dc8a”,”__ref”:”DataBlock:9afaea152e5d9e005a86fbb39cf168598e1ad346″,”__ref”:”DataBlock:0e23e132ea610dc1e198c8e1788c21695d544faf”,”__ref”:”DataBlock:f7ff67340311d99e68fa91d3bd2de10c86d5de32″,”__ref”:”DataBlock:faec37d2dcd85f162ef4c5ec47c61f2877db9817″,”__ref”:”DataBlock:d86c8710e7a07385c7936fe9834eaae89c32ec79″,”__ref”:”DataBlock:9de8ccaa2bb6f600e7a3dde638642e8707bf5bef”,”__ref”:”DataBlock:8ed52081c277be9c3b96ee8245f4dc884ff3bc0c”,”__ref”:”DataBlock:2424e97fc685bd3e2101ae4e2086767aa529f08e”,”__ref”:”DataBlock:a94985d75ff8af8e5d9ac6efd6ceb6db168d7975″,”__ref”:”DataBlock:16afe3db32ce79a77db2d5c41d30b58cc0b38220″,”__ref”:”DataBlock:e491da1bcfa315c0a0d33817a3a68f780c1a497a”,”__ref”:”DataBlock:85c6404f60d1613ba312d0890abf4d64f7633015″],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–xoPAAmzU–/v1656528209/Marguerita-Cheng.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A crowd of white arrows point sideways, while one red arrow points upward.”],”DataBlock:e2ba21bd8f24f653ece29c9128488db3061bf5dd”:”id”:”e2ba21bd8f24f653ece29c9128488db3061bf5dd”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Our goal in portfolio construction is to ensure that our clients build “all-weather” portfolios that are resilient to volatile market conditions. The past few months have presented a hurricane for investors.  Selling has been (almost) indiscriminate across U.S. equities, while bonds have had an epically bad start to the year.  A strong U.S. dollar has eroded international investments, and in the face of steep inflation simply holding cash has not seemed like such a safe option either.u003c/p>n””,”wordCount”:77,”DataBlock:beb6d56cb3a627f71f09fec1654eda9689f6be05″:”id”:”beb6d56cb3a627f71f09fec1654eda9689f6be05″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Our “all-weather” portfolios emphasize diversification into real assets, which traditionally have acted as inflation hedges.  Exposure to real estate, infrastructure and other tangible assets that offer an inflation-linked income stream can provide a portfolio with ballast in a rising inflationary environment, while a diversified portfolio of alternatives can add additional sources of return – such as private lending, private equity investing and venture capital.u003c/p>n””,”wordCount”:64,”DataBlock:e8d097b85b9f72d117dc6957d99534a8928b5675″:”id”:”e8d097b85b9f72d117dc6957d99534a8928b5675″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>Although these investments are all linked to the same economy and same dynamics as public investments, their liquidity terms mean they are not marked to market as frequently and do not suffer from the same intra-month volatility.u003c/p>n””,”wordCount”:37,”DataBlock:6c0237b8e0877285c1292e8fe4e4d8c25ded2b2f”:”id”:”6c0237b8e0877285c1292e8fe4e4d8c25ded2b2f”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>We have been pleased to see that access to such assets is improving, even for accredited investors.  Improved technology platforms, better fee and share class structures and more access to blue chip names have leveled the playing field with institutional investors in this area.u003c/p>n””,”wordCount”:44,”DataBlock:eb35843fa6d10d2af5ebe2cfe66d99bbe7a2b117″:”id”:”eb35843fa6d10d2af5ebe2cfe66d99bbe7a2b117″,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>No portfolio is hurricane proof, but our philosophy of preparation and not prediction, and our continuous return to our core principles of investing for the long term, diversification and staying the course according to each client’s investment objective is key to weathering the storm.u003c/p>n””,”wordCount”:44,”DataBlock:0cf5115a11746e15bb1ec9e988fcd276ab91e2bc”:”id”:”0cf5115a11746e15bb1ec9e988fcd276ab91e2bc”,”__typename”:”DataBlock”,”type”:”TEXT”,”data”:””u003cp>u003cem>With more than two decades of financial experience and a diverse international background, u003ca href=”https://www.kiplinger.com/authors/aoifinn-devitt-mba”>Aoifinn Devittu003c/a> plays an integral role in establishing u003ca href=”http://monetagroup.com” target=”_blank”>Moneta’s u003c/a>long-term investment vision and strategies. She aligns Moneta’s investment programs with broader firm goals while also overseeing the research, evaluation and selection of asset classes and investment vehicles. u003c/em>u003c/p>n””,”wordCount”:50,”DataBlock:09a3a5d5bb29ab9b2599def78e02b8e32e117415″:”id”:”09a3a5d5bb29ab9b2599def78e02b8e32e117415″,”__typename”:”DataBlock”,”type”:”RELATED_CONTENT”,”data”:”[“url”:”/retirement/retirement-planning/604850/an-easy-way-to-find-how-much-you-will-spend-in-retirement”,”title”:”An Easy Way to Find How Much You Will Spend in Retirement”,”label”:”An Easy Way to Find How Much You Will Spend in Retirement”,”primaryMediaType”:”IMAGE”,”image”:”id”:”48215″,”publicId”:”MoneyinHands21″,”format”:”jpg”,”version”:1635253556,”url”:”http://mediacloud.kiplinger.com/image/private/s–BDeSFm_Z–/v1635253556/MoneyinHands21.jpg”,”secureUrl”:”https://mediacloud.kiplinger.com/image/private/s–BDeSFm_Z–/v1635253556/MoneyinHands21.jpg”,”width”:3200,”height”:1800,”size”:341165,”tags”:[“banknote”,”cash”,”currency”,”dollar”,”finger”,”font”,”hand”,”material property”,”money”,”money changer”,”money handling”,”saving”,”thumb”],”created”:”2021-10-26T13:05:56Z”,”credit”:”Getty Images”,”alt”:”A man counts $100 bills.”,”src”:”https://mediacloud.kiplinger.com/image/private/s–BDeSFm_Z–/v1635253556/MoneyinHands21.jpg”,”fullDistributionRights”:true,”__typename”:”Image”,”summary”:”One simple math equation can help you determine where to start building your retirement income plan, and whether your money should last.”,”rating”:0,”priceMin”:0,”priceMinPrefix”:””,”priceMinSuffix”:””,”priceMax”:0,”priceMaxPrefix”:””,”priceMaxSuffix”:””]”,”wordCount”:null,”GalleryItem:101004″:”id”:”101004″,”__typename”:”GalleryItem”,”title”:”Aoifinn Devitt: Shift to assets that provide ‘all-weather’ protection “,”description”:[“__ref”:”DataBlock:e2ba21bd8f24f653ece29c9128488db3061bf5dd”,”__ref”:”DataBlock:beb6d56cb3a627f71f09fec1654eda9689f6be05″,”__ref”:”DataBlock:e8d097b85b9f72d117dc6957d99534a8928b5675″,”__ref”:”DataBlock:6c0237b8e0877285c1292e8fe4e4d8c25ded2b2f”,”__ref”:”DataBlock:eb35843fa6d10d2af5ebe2cfe66d99bbe7a2b117″,”__ref”:”DataBlock:0cf5115a11746e15bb1ec9e988fcd276ab91e2bc”,”__ref”:”DataBlock:09a3a5d5bb29ab9b2599def78e02b8e32e117415″],”media”:[“__typename”:”Image”,”src”:”https://mediacloud.kiplinger.com/image/private/s–5RKbBui4–/v1656528324/Aoifinn-Devitt.jpg”,”width”:3200,”height”:1800,”caption”:null,”credit”:”Getty Images”,”alt”:”A dark and cloudy sky.”]};

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