Inflation. A hawkish Fed. War in Ukraine. Tensions in Taiwan. Energy cost spikes in Europe. Continued supply chain disruptions. Labor shortages.
Sounds like a new verse of Billy Joel’s “We Didn’t Start the Fire.”
Unfortunately, this is not history or entertainment, but our modern economic landscape.
Who can stomach these ups and downs in the market when it comes to their retirement nest egg?
And if your assets are in a 401k or IRA, you have another threat: the IRS will force you to take required minimum distributions (RMDs), locking in losses in down markets.
Fortunately, there are solutions to the twin threats of Uncle Sam and Wall Street.