Uncertainty in the financial markets is leaving many Gen Xers uneasy about the future. Concerns about potential downturns and rising volatility — especially following a prolonged bull market — are prompting individuals to seek more reliable strategies to protect their nest egg as they near and enter retirement.
While past performance is not indicative of future results, history can help inform successful strategies for weathering uncertain times. In fact, during the 2008 recession, our baby boomer counterparts were faced with a similar set of circumstances. We can look to their experience to find out which tools best helped them maximize their retirement savings with protected growth, while bridging the gap between full-time work and retirement during tougher times.
