Here are ways retirees can protect nest eggs during a stock market rout

Here are ways retirees can protect nest eggs during a stock market rout

- in Contributors, Featured, Income, Retirement, US
187
Comments Off on Here are ways retirees can protect nest eggs during a stock market rout

The federal debt-ceiling standoff and the specter of a possible recession on the horizon may mean turbulent times ahead for the stock market — and that’s especially worrisome for retirees who rely on their investment portfolios for income.

Retirees are generally advised to hold some stocks as part of their nest egg. Stocks serve as a long-term growth engine, helping to beat inflation’s negative impact over decades of retirement in a way that cash and bonds generally can’t.

Read more at CNBC

You may also like

YOUR MONEY Some retirement savers can still get a ‘special tax credit,’ IRS says — but most don’t claim it

Some retirement savers can still snag an extra tax