There are several certainties in life—death, taxes, and, yes, market volatility. Fluctuations in your 401(k) or retirement savings account can stir up feelings of stress, panic, and anxiety, particularly when your hard-earned retirement dollars are at stake. But overreaction to these fluctuations is one of the biggest risks that retirement investors face. So in turbulent financial times,
The cute little 7-year-old girl was all smiles when she attempted to lean the chair back on it’s legs and balance without support. As I sprinted across the room to catch her as she fell I heard her mother calmly say (as if in slow motion), “Is that a good choice?” I saw the girl’s smile fade as she realized the risk she was taking and returned the chair to the upright position without falling.
No one needs stress in their life. But money is often the number one stressor that leads to depression and anxiety. In my 15 years as a financial advisor, it never ceases to amaze me how my daily conversations with clients can be so emotional because money is the primary tool that allows us to function in life. Virtually no life decision can be made without giving at least some thought to