Market Volatility Changes Some Things; Not Others
Monday November 10, 2008
Planning for a retirement that is far away often leads to numerous difficult questions, including the biggest one: how much do I have to save? Of course, that answer depends on how much you need for retirement.
When the market is as erratic this one has been over the last few months, you may very well need to adjust your expectations, including how much money you’re likely to have in the near-term. But long-term, your stress shouldn’t rise. Keep your eye on the ball and you can still achieve your retirement planning goals. Many years from now, we may very well look back at this period and think – “Wow, if I had only bought then.”
When the market is as erratic this one has been over the last few months, you may very well need to adjust your expectations, including how much money you’re likely to have in the near-term. But long-term, your stress shouldn’t rise. Keep your eye on the ball and you can still achieve your retirement planning goals. Many years from now, we may very well look back at this period and think – “Wow, if I had only bought then.”


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