MARKET CORRECTION PROTECTION

A market correction is a significant decline in the value of investment markets, usually defined as a drop of 10% or more from recent highs. For most of your working life, corrections were normal events, part and parcel of being invested in the market, and with so many years ahead, you had time to “ride it out.”

For investors nearing retirement, however, a market correction can be a scary event. When you’re 5–10 years before retirement, a correction can affect your retirement income significantly because you don’t have time to make up for the losses.

The good news is that there are a number of strategies and products available that can help protect your retirement savings from market corrections. We’ll help you develop a plan for safeguarding your retirement funds from market downturns, especially in the years nearing retirement.