Didn't Anyone Tell You Investing Rules Change in Retirement?

Market volatility isn't something those near retirement can afford to just ignore. They need to have a multifaceted plan to ramp back their risk and protect themselves.

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If you’re close to retirement or already retired, merely reacting to the latest bout of market volatility, viewing it as a warning, may not be enough. It’s time to sit up and take notice, understanding what a larger potential correction could do to your financial situation.

Could a market correction, like the one we experienced a decade ago, sink your retirement plans? For those near retirement, a 15% to 20% market decline likely wouldn’t make a big change in retirement lifestyle. However, a downturn of 30% to 40% could be catastrophic.

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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 SEC or with FINRA.

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Michael Ladin, Investment Adviser Respresentative
Founder, CEO, Ladin Tax and Financial Group

Michael Ladin is founder and CEO of Ladin Tax & Financial Group, a firm that focuses on assisting Florida business owners, Baby Boomers and retirees with retirement income strategies that work in a tax-efficient way.