The article emphasizes the importance of investment strategy based on retirement timelines. While it may feel tempting to shift to cash during market downturns, especially for impending retirees, it can severely limit growth potential. Those far from retirement should stay invested, but near-retirees are advised to transition to more stable, conservative investments to shield their funds. Having sufficient cash for at least one year's expenses before retiring is crucial for financial stability.
Keeping a significant portion of retirement savings in cash could seriously stunt its growth, especially for those who have years before retiring.
If nearing retirement, strategically shifting to more conservative assets is advisable, ensuring you hold sufficient cash to cover at least one year's expenses.
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