Protecting Retirement Savings | Adviser Investments

Protecting Retirement Savings Against Losses


Investors approaching retirement or already there are understandably concerned about the impact of a bear market on their hard-earned assets. What can they do to protect their retirement savings? Manager of Financial Planning Andrew Busa and Interim Director of Research Jeff DeMaso discussed some options in our recent webinar,* Bear Market Playbook.

Please enjoy the excerpt below and click here for the full webinar replay to hear more.

Andrew Busa:

It’s an important time to review and reassess your current financial plan to understand what impact the current bear market may have, and what a change in your overall risk level in your portfolio would do to your plan.

This is going to vary from person to person, but there’s no question that it’s uncomfortable to go through a bear market. It’s not fun to see the accounts go down, but important to understand the impact that it’s going to have on your plan big picture.

Jeff DeMaso:

If I could also add too, it’s a question of what’s your time horizon.

I get it, retirement is a big event and rightly so, it’s a big change in life, but if you’re five years from retirement, I don’t know, does that mean you’re 60 looking to retire at 65? Well, you’ve still got to be thinking 25, 30 years ahead if you’re in reasonably good health. And over that time horizon frankly, inflation is a much bigger risk than a temporary bear market and decline in portfolio value, as discomforting as it is to go through.

You still have to think about the long term, even as you approach this big milestone.

Andrew Busa:

For sure, that time horizon is key. Some people will potentially be retired as long as they were working—a long time that you need your portfolio to be able to continue working for you, those investment dollars continue to grow for you and not just sitting in cash. Now that’s maybe more extreme, but it’s important to recognize that that engine, the investments, needs to keep working to push your savings forward.

Click here for a replay of Bear Market Playbook. Please contact us at (800) 492-6868 to learn more about comprehensive wealth management solutions.

*Webinar recorded after the market closed on Wednesday, July 27, 2022.

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