What can I do if I’m worried about market volatility?
Since market volatility itself is normal; the recent volatility should not itself warrant a change in your long-term retirement strategy. The right thing to do may be as simple as recalibrating your expectations, or making a conscious effort to disconnect from worrying market news. However, if volatility has caused you excess stress (such as impacting your sleep), consider reaching out to initiate a discussion. Start by considering your overall asset allocation. Then, ask yourself the following questions: • (For those near retirement only) Do I have enough cash and investment in fixed income to account for my spending for the next 3-5 years? • Does my portfolio match my willingness, need, and ability to take risk for the long term? • Do I fully understand the potential range of outcomes when investing in stocks? If the answer to any of these questions is “no,” you may want to make a change to your investments or meet with one of Hills Bank’s Retirement Plan Officers to help you decide. If you need more information about the investment choices or your plan’s rules, we can help with that, too. (319) 338-1522.
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