Do We Need to Worry about This Volatile Stock Market?- Episode 98
The first half of 2022 has not been good to stocks. After hitting record highs at the end of 2021, it’s easy to forget that stocks also go down in value from time to time. And often, when they go down, they do so quickly and painfully.
One question that’s always on people’s minds when these cycles turn south: Is this something to be concerned about? The answer to that question may depend almost entirely on what your portfolio withdrawal strategy looks like. If you don’t need that money for at least 10 years, it may be no big deal. If you need it next week, it is indeed a very big deal.
You need to know how to set up your withdrawal strategy so that the down cycles don’t interfere with your sleep cycles. Find out more from podcast host Johnny Dean and “Professor” Rick Plum, CFP® on this week’s episode of Managing Your Financial Future!
The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances.
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Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.