Still not fully convinced? Let’s review some strategies:
- Don’t panic! Just look to the past and realize that all bear markets are temporary setbacks. Relax, spend time with loved ones, and do activities that take your mind off the economy.
- Ignore the media. News outlets grab your attention with scare tactics and fear-invoking headlines.
- Sit back. Don’t look at your accounts constantly during a bear market, this will only cause additional stress. Proper planning will help reduce anxiety and stress.
- Plan ahead. Have an emergency fund of at least three months’ worth of expenses set aside in cash. This will prevent you from having to pull from your portfolio at significant losses. Other planning strategies also help against bear markets, but an emergency fund is a simple and important start.
The final strategy is to seek guidance and that’s where Strittmatter Wealth Management comes in. We have helped our clients navigate the rough seas of numerous bear markets and our financial planning process is designed around the possibility of another bear market occurring (and it will). When you meet with a Lockheed Martin Retirement Specialist, your personal financial situation will be analyzed and we will create a financial safety net to help keep your mind at ease. Have no fear, SWMG is here!
For more tips like these, click here to sign up for our weekly email blog newsletter. If you would like to get better educated on Lockheed retirement strategies, click here to download our Free Report titled Retire with Confidence: The Top 4 Things You Can Do Now to Maximize your Lockheed Retirement. And, if you want to have face time with a Lockheed Retirement Specialist², you can click here to schedule an appointment, click here to sign up for our Lockheed Retirement Workshop or click here to just give us a call (817) 210-3444.
Be sure and check back next week for more incredibly valuable information. Cheers!
Financial Planning and Investment Advisory offered by SWMG, LLC a Registered Investment Advisor.
Lockheed Martin Retirement Specialist is not an official title or professional designation nor is it conferred by Lockheed Martin on any individual or company.
Our Complementary consultation and free report are for informational purposes only and provided free without any obligation to utilize or retain our investment advisory services.
SMWG, LLC is not affiliated with or endorsed by Lockheed Martin Corporation. Our expertise comes from working with LMT employees for several years and helping them to retire with confidence.
Investing involves the risk of loss, including loss of principal. Past performance does not guarantee future results. Investment products are not FDIC insured, have no bank guarantee, and may gain or lose value. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable for a client’s investment portfolio.