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“Don’t put all your eggs in one basket”.
As an employee of Sherwin-Williams, 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 Sherwin-Williams 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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- 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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