With the market down 22%, we’re officially in a bear market. Is the pain causing you to make changes or re-evaluate your plan? Hopefully you already had a plan going into this week. But if not, use this opportunity to make necessary changes and also update your plan going forward. Know yourself and how you’re reacting.

This bear market may be short or it could be long. It might go down further, or hover at this level. The past has shown a variety of types of markets - and you need to be ready for whatever is going to come next. Is your portfolio prepared? How about your spending? Your job? Make sure you exercise control over the things in your control - because the Bear itself is outside of your control.

A few things to consider:

• Delay taking social security
• Stay in your job an extra year, or take a part-time job
• Continue to add to your savings + retirement accounts by buying stocks while they are on sale
• Adjust your spending to ensure your savings stay high or your portfolio lasts longer

Learn more about Mike and my services at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/

Are you ready to create your ideal lifestyle? Let’s Connect.