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“Don’t put all your eggs in one basket”.
As an employee of Aflac, you've probably been reading news articles about the recent market volatility. Despite the fact that this is nothing new, it can be challenging to observe your account values fluctuate.
According to a study conducted by Fidelity Investments, market volatility can have a significant impact on the retirement savings of those who are near or already in retirement. The study found that retirees who experienced a market downturn during the first five years of their retirement had a 50% chance of running out of money if they continued to withdraw the same amount annually from their retirement accounts. This highlights the importance of having a well-diversified portfolio and a plan in place to adjust withdrawals during times of market volatility to help ensure retirement savings last.
For Aflac employees who are also investors, we find that maintaining a long-term perspective helps us maintain a grounded perspective. We are aware that the market rises more frequently than it falls and that short-term price fluctuations indicate a robust market of buyers and sellers.
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Articles you may find interesting:
- 8 Tenets of Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Section 303 Stock Redemption Buy-Sell Agreement
- Medicare Open Enrollment Is Here: How Are Costs Changing for 2023?
- 2022 High Net Worth Tax Planning
- Policy Roadmap
- Section 179 Deductions
- Learn About the Path to Retirement
- Contemplating Change: 7 Key Factors When Considering a Transition from Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Advice for Retirees Trying to Survive a Bear Market
- 5 Most Important Things to do Before Leaving Your Company
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- 6 Retirement Myths Employees Need to Know!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 8 Tenets of Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Section 303 Stock Redemption Buy-Sell Agreement
- Medicare Open Enrollment Is Here: How Are Costs Changing for 2023?
- 2022 High Net Worth Tax Planning
- Policy Roadmap
- Section 179 Deductions
- Learn About the Path to Retirement
- Contemplating Change: 7 Key Factors When Considering a Transition from Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Advice for Retirees Trying to Survive a Bear Market
- 5 Most Important Things to do Before Leaving Your Company
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- 6 Retirement Myths Employees Need to Know!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
We maintain a diversified portfolio to potentially reduce the sensitivity of your accounts to significant market movements and to provide the opportunity to participate in any market recovery. Keep in mind, however, that a diversified portfolio is merely a method for mitigating investment risk; it does not prevent investment loss. Let us assist you in preparing for a joyful and prosperous retirement from your company.
In conclusion, investing in the stock market is like navigating through a stormy sea - there will be times when the waves are choppy, and it may be tempting to jump ship. But just like a skilled sailor, a well-prepared investor can weather the storm by having a diversified portfolio, a long-term perspective, and a plan in place to adjust course during times of volatility. By staying the course and avoiding knee-jerk reactions to short-term fluctuations, retirees can reach their financial destination and enjoy a smooth sailing retirement.
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