Balance your investments
Even if past experiences have left you market shy, consider a plan that includes moving back into stocks and stock funds for the sake of potential growth. Assets can be allocated to reduce the overall volatility of a portfolio by including a balance of equities and bonds. Note: brokerage services and managed accounts are fee based. Some securities investments may not be suitable for all investors.
Establish a retirement income floor
When you have sources of lifetime income from fixed and variable annuities covering your expenses, it’s easier to avoid making emotional decisions when the market swings and ensure you will have the income there when you need it. Keep in mind that guarantees are based on the claims paying ability of the issuer. Also, payments from variable annuity accounts are not guaranteed and will rise or fall based on investment performance.