Even after you retire, you will still want your savings to continue to grow throughout your old age. By investing at least a small portion of your portfolio in stocks and allocating the rest to more conservative investments like bonds, you can maximize your earnings while minimizing your risk.
It is also important to continue to invest in the stock market, even in times of volatility. It can be tempting to take all of your money out of the market (especially if you are nearing retirement), but it can be dangerous. If you sell at the wrong time when prices are lower, you could lose money and lock in your losses.
The stock market can be intimidating, especially if you’re worried about losing your retirement savings. The good news, however, is that by rechecking your asset allocation, you can protect your money as much as possible.
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