Today’s Smart Money Question:
(Click the featured times below to jump forward in the episode)
Here Are Just A Handful Of Things You’ll Learn:
It doesn’t really seem to matter who we talk to right. Nearly everyone appears to have the same worry when it comes to their retirement plan, which is when will we face another market crash.
There have been plenty of ups and downs since the last major crash of 2008 and while it’s mainly been positive, there’s always another downturn ahead. That’s just the way the market operates.
So Matt Hausman got a question recently from someone that’s very close to retirement and she was worried about losing a lot of her portfolio to a crash just as she decides to stop working. Along with a personal answer, Matt decided to dedicate an episode of Smart Money Questions to addressing the elephant in the room: when is the next crash coming?
No one can answer that exactly but we do know the market will turn south at some point. For how long and just how sharply remains to be seen, but you can go ahead and get your plan together before it happens. That way you won’t be reacting to the sudden news by making a decision that will compound your issues.
That’s all part of today’s episode, which is an important one to many. Check it out and utilize the timestamps below to skip ahead to a specific topic in the show.
0:36 – We’ve been getting questions about the next market crash for a little while now.
3:17 – Question from Elizabeth: I’m retiring in 6 months and I’m worried about what will happen if we have a market crash before I reach the finish line.
4:03 – When is the next market crash going to happen?
5:14 – A way to take advantage of long-term market returns is to have different buckets of risk.
5:43 – My recommendation on when you should start looking and planning your retirement income.
7:24 – Seems like 8 out of 10 people want to know when the next crash is coming.
8:25 – What history tells us.
9:45 – You have to be prepared for it by structuring your plan correctly.
12:29 – Explaining the different types of risk buckets.
13:53 – We ask people if they understand what investments they’re in and how much risk is involved?
15:41 – A story about an old friend who reacted to the drop in 2018.
18:04 – Recapping everything we’ve talked about.
Additional Podcast Episodes:
- EMPOWERING WOMEN IN FINANCIAL PLANNING
- WHAT’S THE VALUE OF AN ADVISOR?
- WHAT THE RICH DON’T DO WITH THEIR MONEY
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The host: Matt Hausman – Contact – Resources – Call: 610-719-3003
