Plenty of people have concerns about stock market volatility, a potential recession on the horizon, and fears for the economy amidst federal layoffs and tariffs. What if you’ve had 2025 marked on the calendar for a while as the year you plan to retire? Is this a bad time to do it? In this episode, Steve breaks down what retirees and near-retirees should actually be focused on in times like these.
From managing panic to recalibrating risk and understanding your income foundation, Steve lays out five clear principles to help you evaluate your readiness, without falling prey to fear. You’ll learn the difference between diversification and “deworsification,” why long-term thinking isn’t just for the young, and how a solid plan can help you feel confident even when markets are shaky.
Here’s some of what we discuss in this episode:
📉 Why panic is your worst enemy during volatility
🛑 How to reevaluate your risk tolerance before retiring
🕰 Why long-term planning still matters, even at age 65
💡How downturns could actually be an opportunity
0:00 – Intro
2:17 – Principle 1: Don’t Panic
3:42 – Principle 2: Consider Your Risk Exposure
6:15 – Principle 3: Diversify
8:07 – Principle 4: Think Long Term
11:18 – Principle 5: Assess What Actually Impacts You
Resources
Get your copy of Power Up Your 401K: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
