The future ain’t what it used to be,” the inimitable Yogi Berra once said.
Yogi knew the future is unpredictable. No one in 2019 could have predicted a devastating worldwide pandemic in 2020.
Nevertheless, we can look to the past for hints on how the next year may play out. Today, history suggests that financial risk reduction is a sound strategy for 2024, especially if you’re within 10 years of planned retirement or are already retired or semiretired. It’s always a good strategy for this age group but is especially germane today.