Tom Meaglia photo

Tom Meaglia, ChFC®, AEP®,

CLU®, CRPC®, MSFS

Chartered Financial Consultant

Investment Advisor Representative

Chartered Retirement Planning Counselor

CA Insurance Lic. #0567507

 

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

 

Toll Free: 800-386-3700

Bus:         909-593-6105

Cell:         818-681-8600

Fax:         909-593-6120

 

Email: tom@meagliafinancialconsulting.com

Website: www.meagliafinancialconsulting.com

March/April 2023

Coping with a Volatile Market

Coping with a Volatile Market

The fluctuating stock market and uncertain economy are sources of concern for many investors, but particularly for those in or near retirement. Falling portfolio values have left many retirees wondering what they can do to safeguard their savings. Set panic aside and take these steps to survive the downturn.


Change Your Withdrawal Rate
During a good market run, you may have chosen a higher withdrawal rate from your retirement accounts than you needed for living expenses. Determine how much of your monthly expenses are covered by guaranteed sources of income, such as Social Security, annuities, and a pension. If these sources cover most of your living expenses, consider reducing the amount you’re withdrawing from your investment accounts. A lower rate may keep more of your assets poised to benefit from a market upturn.


Create an Income Stream
Holding dividend-paying stocks and exchange-traded funds (ETFs) in your portfolio may provide income that you can use to supplement other guaranteed sources of income. Purchasing municipal bonds, U.S. Treasuries, and certificates of deposit (CDs) can also provide you with income in the form of interest payments.


Purchase an Annuity
If you have sufficient funds, consider using a portion of the assets in your portfolio to purchase an annuity.* Fixed index annuities earn interest based on the performance of a specific market index, such as the S&P 500. A fixed index annuity won’t lose principal and should gain in value during a market upswing.

Work Part-time
You may be able to turn hobbies and interests into a second career after retirement. Performing work you’re passionate about can help you stay active and bring in some extra cash. Another benefit: You’ll develop a network of people who share your interests.

Rely on Your Financial Pro
Your financial professional is a great resource to help you develop a plan for maximizing your retirement income. Once you’re retired, taking an active money management approach may offer benefits over a buy-and-hold strategy, especially during market volatility. Having someone who will monitor your portfolio and make decisions based on what the markets are currently doing can be invaluable.


*Fixed annuity contracts guarantee a minimum credited interest. For immediate fixed annuity contracts, annuitants receive a fixed income stream based, in part, on the interest rate guarantee at the time of purchase. For fixed deferred annuity contracts, the insurer credits a fixed interest rate to contributions in the accumulation phase and pays a fixed income payment when annuitized. Annuity products are not FDIC-insured, and their guarantees are backed solely by the claims-paying ability of their issuing life insurance company.


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Investment advisory services are offered through Fusion Capital Management, an SEC Registered Investment Advisor. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration is not an endorsement of the firm by the commission and does not mean that the advisor has attained a specific level of skill or ability. All investment strategies have the potential for profit or loss.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.