The recent stock market correction, driven by Trump tariffs, has prompted many nearing retirement to reconsider their plans. With many portfolios still down over 10% from earlier highs, postponing retirement could be a wise decision. This strategy not only provides the opportunity to recover financially but also allows individuals to increase their retirement funds during a market dip. However, the possibility of further market declines due to ongoing tariff tensions remains a concern for future predictions.
Delaying retirement could prove wise as one aims to recover and re-adjust, particularly in light of recent stock market declines.
Pushing a retirement date out in response to a market decline may allow individuals to bolster their portfolio and give time to recover.
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