In my last article I promised I would show you some tools and strategies you could use to create an income stream for retirement that is both insulated from stock market volatility and allows your spending to increase so it can keep up with inflation.
I'll start by giving you the most important tool; your mindset.
The stock market had a big drop last week. In fact, it was the biggest decline since April.
Lots of people are frightened. But the question is, should you be?
A lot of that depends on where you are in your investment life. If you’re a younger person and retirement is far off in the future, it’s best to look at these declines as opportunities. But it’s a different story when you’re retirement age.