Skip to main content

Sponsored Content

Navigating Volatile Markets for a Secure Retirement

May 17, 2016 04:40AM, Published by Family Features, Categories: Family Features, Family Features Lifestyle



Persistent and significant stock market swings, combined with shifting workplace structures and an outdated retirement benefit system, are profoundly impacting Americans’ ability to save and prepare for a secure retirement.

In fact, a quarter of Americans age 50 and over exhausted all of their savings during the 2008 recession, according to a recent AARP Public Policy Institute report. And, at the same time, almost one-third of older Americans said their home declined in value, meaning they could no longer count on rising home values to help fund their retirement.

In order to protect your nest egg against market volatility, experts recommend ensuring you have a balanced financial portfolio that includes conservative, low-risk products that are less impacted by stock market volatility.

“The single most important step Americans can take to mitigate risk is to diversify their portfolios,” said Jim Poolman, Executive Director of the Indexed Annuity Leadership Council. “Sitting with a financial planner and using a retirement calculator can help you determine where you are, where you want to be and what savings vehicles can help you get there.”

While there are no surefire ways to avoid the effects of stock market instability, there are some things you can do to reduce the likelihood that you will suffer the consequences in the future, and things you can do during a market downturn.

Start saving now. Many people are focused on paying down student loans and other debt, or concentrating on more immediate goals like buying a house and children’s college funds. However, the cost of putting off retirement savings adds up. Every six years you wait to start saving, the monthly amount you need to save to reach the same retirement income doubles.

Avoid putting all of your assets into one type of account. While contributing to an employer’s 401(k) is a terrific start, it’s often not enough. To build a solid retirement plan, don’t underestimate the importance of a balanced financial portfolio. Your level of risk should reflect your age and your retirement goals. For example, younger savers have more time to recover from risk than those nearing retirement. One option to provide balance to your retirement portfolio is adding a Fixed Indexed Annuity, which protects your principal and can provide a guaranteed stream of income in retirement, regardless of market ups and downs.

Create a retirement plan based on actual needs. A study by the Employee Benefit Research Institute found 39 percent of people guess how much they will need to save without actually calculating their retirement needs. Using calculators can help determine your specific retirement income needs so that you can plan accordingly. Calculating just your living costs isn’t enough – also take into account rising healthcare costs, inflation and longer lifespans.

Monitor and adjust your savings strategy. Volatility in the stock market can affect your savings, as do your current expenses and future needs. Additionally, career changes and family situations can change how you should be saving. Leading up to retirement, your last few years of savings will be different than when you were first starting out in your career. A good rule of thumb is to spend five minutes every five years revisiting your retirement plan to make sure your savings reflect your needs and adjust for market conditions.

Learn more about options for managing your retirement account at FIAinsights.org.

Photo courtesy of Getty Images

Sponsored by Indexed Annuity Leadership Council


Like what you're reading? Subscribe to Cabarrus Magazine's free newsletter to catch every headline



Family Features Family Features Lifestyle


  • A VET TOGETHER

    09/19/2017
    09:00AM — 11:00AM

    • Join Cabarrus Veterans Coalition the first Tuesday of each month at Carm’s for free coffee and ...


  • A Vet Together

    09/19/2017
    09:00AM — 11:00AM

    Join Cabarrus Veterans Coalition at Carm's Cafe every Tuesday morning for A Vet Together! Fre...


  • Breathe Easy: Sinus Seminar

    09/19/2017
    05:30PM — 07:00PM

    Dr. Edward Dickerson, Double Board Certified Facial Plastic & Reconstructive surgeon, will ...


  • Thriller Dance Lessons

    09/19/2017
    06:00PM — 07:00PM

    Ever wanted to learn the King of Pop’s famous Thriller dance? Now’s your chance! Head over to the...


  • MEMORY CAFE´

    09/20/2017
    10:00AM — 11:00AM

    • Free event open to anyone experiencing dementia, their loved ones and/or their care partners. S...


  • CBC Trivia Night

    09/20/2017
    07:00PM

    Cabarrus Brewing Co’s weekly Trivia Night hosted by KanePunch Comedy’s Patrick & Joel is held eve...


  • Namaste and have a Beer

    09/20/2017
    07:00PM — 08:00PM

    Join us at Twenty-Six Acres every Wednesday for Yoga with Jill Falconer Yoga! Classes are $10 and...


  • Car lovers rejoice! The world’s largest automotive extravaganza, the Pennzoil AutoFair presented ...


  • TODDLER STORY TIME

    09/21/2017
    10:30AM

    • Children from walking age to three years old with caregiver. Songs, stories, finger plays follo...


  • Kannapolis Farmers Market

    09/21/2017
    04:00PM — 07:00PM

    The Kannapolis Farmers Market will be held every Thursday, 4-7pm May through September, at the co...


  • Music on Means

    09/21/2017
    06:00PM — 09:00PM

    Music on Means is a free outdoor concert series in Downtown Concord featuring a variety of region...


  • Small Business Saturday

    09/23/2017
    08:00AM — 09:00PM

    Make a purchase in any of the participating businesses in Downtown Concord and enter a drawing to...


  • Car lovers rejoice! The world’s largest automotive extravaganza, the Pennzoil AutoFair presented ...


  • Piedmont Farmers Market 2017

    09/23/2017
    08:00AM

    • Open year-round. Fresh local produce, honey, free-range eggs, antibiotic- and hormone-free beef...


  • Beth Moore Simulcast

    09/23/2017
    09:00AM — 04:00PM

    <Fayetteville, NC>– <September 23, 2017>– LifeWay Christian Resources and Living Proof ministries...


  • Duke Dash 5K & Healthfest

    09/23/2017
    09:00AM

    This event at the North Carolina Research Campus in Kannapolis will be hosted by the Duke Clinica...


  • CON2

    09/23/2017
    10:00AM — 05:00PM

    All ages - The worlds of Sci-Fi and Fantasy collide at the library! Come meet special guest of ho...


  • Cold-blooded fun Repticon

    09/23/2017
    10:00AM — 05:00PM

    This premiere reptile show shares these incredible creatures with the world. Enjoy exhibitions, e...


  • 11th Annual Eastern Triangle Farm Tour

    09/23/2017
    01:00PM — 05:00PM

    Sponsored by the Carolina Farm Stewardship Association and Weaver Street Market, the 2017 Eastern...


  • Town Theatre's The Hunchback of Notre Dame

    09/23/2017
    08:00PM — 10:15PM

    Based on the Victor Hugo novel and songs from the Disney animated feature, The Hunchback of Notre...


It looks like we don't have any events for this date. You can always add an event.

Get Cabarrus Magazine Delivered to Your Door!

Subscribe today!

Proudly Brought To You By These Community Sponsors