We all hate when the stock market drops by any significant amount. That is not a logical position to take as a young investor, but as one toward the end of the road, a market pullback can be the difference between retiring in style and barely hanging on in retirement. Losses to your portfolio early in retirement or right before you plan to retire can leave you with a withdrawal plan that may not be sustainable to maintain your principal amount, much less grow your money over time. I don’t want this to be your fate, but we have to know how to combat it. Today, we will discuss:
1. How market corrections/pullbacks can hurt
2. How to mitigate the risk of an early retirement market correction
3. The importance of building a robust retirement with minimal expenses/debts
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in for more personal finance concepts. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)