It’s Sunday, which means...It’s recap time! 

This week, I talked about how to keep calm in a bear market. A timely topic, since in just a few short weeks, the stock market came tumbling down from it’s all time highs, and everything around the world seems to be shutting down. 

Once the stock market drops 20% from it’s highs, it’s an important threshold, and given the moniker “bear market”. Bear markets typically accompany serious events, like the coronavirus, and more often than not are joined by the equally concerning economic counterpart - a recession. 

Here’s what we covered in each episode this week: 

• What a bear market looks like and what you can expect from a typical bear market
• A letter I wrote to my clients
• An interesting plan for panic
• Is it time to start buying stocks? A strategy that takes courage in the face of fear, but one that historically pays off
• Lastly, yesterday I talked about what to do if you retire during a bear market. A bear market in the earliest years of retirement can spell trouble long-term for making your money last, so I talked about how to make a contingency plan in case this happens to you.

 

Hopefully after listening to the One Minute Retirement Tip this week, you understand bear markets better than you did at the beginning of the week, and more importantly, how to react to these scary drops in your retirement portfolio. 

If you missed any of these episodes or if you want to revisit any of them, you can find them on iTunes, Spotify, or Google Play by searching for the “One Minute Retirement Tip with Ashley”. 

Tomorrow, we are starting a brand new theme: How to generate income in retirement. This is a timely topic as the interest rate on the 10 year treasury recently plunged to a new record low, hitting under .5% as investors - scared of the Coronavirus and it’s economic shockwaves - piled their money into safe US treasury bonds and drove the rate down. Low interest rates are a little depressing when you’re nearing retirement or in retirement, especially when you are likely to own bonds as a higher percentage of your portfolio. Which begs the question - with rates so low, where can you find income now? I’ll cover that next week. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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