👴👵 Lessons RETIREES Can Learn From Past Bear Markets (AARP Article)

[SummerOnTheWay1]

FROM THE ARTICLE:

8 Lessons Retirees Can Learn From Past Bear Markets.

Downturns are never fun, but understanding historical trends can help steady nerves.

By David Rodeck, AARP. Published April 22, 2025.

market downturns can feel like a gut punch. Your portfolio reflects years of savings and earnings, and it’s hard to watch it spiral. What's a retiree to do at such stomach-churning times?

Very little, advises Tara Lawson, a wealth strategist at U.S. Bank Private Wealth Management. “It is essential not to panic and remember that market corrections, while unpleasant, are a normal part of investing,” she says.

USE THE LINK BELOW TO READ THE ARTICLE: https://www.aarp.org/money/personal-finance/past-bear-market-lessons/

[RN362636 · Accepted solution]

Don't keep all of your eggs in one basket such as 100% stock. That is a dangerous game to play in my opinion. There will always be market ups and downs so have some of your retirement money in something besides stock, maybe a bond ladder, treasuries, money market funds, CD's, rental property, etc. There have been times when it takes the market years to recover so you don't want to be forced to sell at a loss. When the stock market has nice gains, we sell some of them and put them into safer assets. I just like sleeping well at night. We can ride out a downturn without panic or losing sleep.