"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."
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.
Read at 24/7 Wall St.
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