We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
NEW YORK DAWN™NEW YORK DAWN™NEW YORK DAWN™
Notification Show More
Font ResizerAa
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Reading: 4 Ways to Fortify Your Retirement Against Market Volatility
Share
Font ResizerAa
NEW YORK DAWN™NEW YORK DAWN™
Search
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Follow US
NEW YORK DAWN™ > Blog > Business > 4 Ways to Fortify Your Retirement Against Market Volatility
4 Ways to Fortify Your Retirement Against Market Volatility
Business

4 Ways to Fortify Your Retirement Against Market Volatility

Last updated: April 23, 2022 4:43 am
Editorial Board Published April 23, 2022
Share
SHARE
24retiring illo facebookJumbo

“It is important to not confuse risk with volatility, because volatility is something we have to live with,” Ms. Benz said. “Checking your liquid and near-liquid reserves, that’s a way of understanding how much of a buffer you have and how long a downturn you can sustain.”

For those looking to improve their flexibility, or ability to avoid selling in a volatile market, she often asks people to consider the answers to a range of questions, including: What would it look like to find a job that replaced the income you would require your portfolio to generate? What would your expenses look like if you downsized? She encourages people to consider incremental moves or changes, citing an example of a couple who wanted to live on the commuter train line in Chicago, but decided to move farther away from the city center, where housing was more affordable. The new spot allowed them access to the city but at a savings from their prior home.

Wait for Social Security

Delaying taking Social Security benefits becomes an even more effective strategy in bumpy markets, according to William Reichenstein, head of research at Social Security Solutions in Overland Park, Kan., and professor emeritus at Baylor University.

“The best returning portion of your bond portfolio is actually delaying Social Security,” Dr. Reichenstein said. “Why do most people start as soon as they can or pretty close to as soon as they can? My strong expectation is, they haven’t learned deferred gratification.”

In recent years, the number of people claiming benefits in their early 60s has been declining, with only about one-quarter of eligible 62-year-olds doing so in 2019, according the Center for Retirement Research at Boston College.

By Dr. Reichenstein’s calculations, assuming a healthy retiree with an average life span, deferring benefits generates an 8 percent return each year that they hold off. For example, a 67-year-old would collect 108 percent of his or her expected benefit by waiting until age 68, and 116 percent by delaying until age 69. Conversely, those who collect earlier, at age 62, receive only 70 percent of their expected benefit with incremental increases each year they hold off.

As an example, consider a 62-year-old with a life expectancy of 90 who began collecting a $1,400 monthly check. If he or she had waited to begin benefits at age 70, with the same life expectancy, the 62-year-old would have received an additional $124,800 in real benefits — not factoring in cost-of-living increases — and would break even at age 80 and five months, he said.

You Might Also Like

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

Al Amari Group Earns International Acclaim as a Trusted 5-Star Rated Firm

These companies enable a weed break at work

You get $500K. However first it’s important to transfer to Ohio.

TAGGED:Benz, Chris (1982- )Content Type: ServiceIbbotson, RogerInflation (Economics)internal-open-accessInvestingLongevityPersonal FinancesReichenstein, WilliamRetirementSocial Security (US)Stocks and BondsThe Washington MailUnited States Economy
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Popular News
NBA Preview: Miami Heat and Boston Celtics Fight to Win the East
Sports

NBA Preview: Miami Heat and Boston Celtics Fight to Win the East

Editorial Board May 17, 2022
24 Residence Upkeep Suggestions: Hold Your Residence in Tip-High Situation
Arizona Offers Driver’s Licenses on iPhones. Other States Want to Be Next.
Inside the Campaign to Save an Imperiled Cambodian Rainforest
Liminal Experiences raises $5.8M for UGC and AI gaming

You Might Also Like

This businessman turned  into  billion
Business

This businessman turned $40 into $6 billion

November 12, 2024
This plastic rest room might save lives
Business

This plastic rest room might save lives

November 12, 2024
Say goodbye to plastic sandwich baggage
Business

Say goodbye to plastic sandwich baggage

November 12, 2024
Dying Want Espresso scores a free 30 second Tremendous Bowl advert
Business

Dying Want Espresso scores a free 30 second Tremendous Bowl advert

November 12, 2024

Categories

  • Health
  • Sports
  • Politics
  • Entertainment
  • Technology
  • World
  • Art

About US

New York Dawn is a proud and integral publication of the Enspirers News Group, embodying the values of journalistic integrity and excellence.
Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Term of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 New York Dawn. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?