A new CNBC report said it all, “It’s a scary time for new retirees. Stocks have plunged this year. Bonds, which traditionally serve as a ballast when stocks falter, have also been pummeled. Both trends are worrisome for seniors who rely on investments for their retirement income. High inflation also means retirees need to draw more income to afford the same items and make ends meet.”
So, what’s a baby boomer to do?
What steps should you take to protect yourself from loss?
Of course, the #1 recommended action to take is “spend less” but there are other things to be mindful of. Click here for the full article.
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