Catey Hill, a reporter at SmartMoney magazine, says “this week’s stock market slide has been particularly cruel: After a record rally in October that put many nest eggs back in the black, those portfolios are once again getting punctured.
Most advisers predict the wild swings that began in August to continue through the end of the year, thanks to the debt drama playing out in Europe and plenty of economic headwinds at home.”
Hill goes on to discuss some options for retirees to cope with volatile markets. As one of the advisors she interviewed for this story, I told her this volatility may be the new normal.
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