In This Video:

When ​the ​market ​is ​down, ​it ​can ​make you ​feel ​pretty ​uneasy. ​Emotions ​can ​rise and panic can feel like the natural response, especially when you’re nearing retirement. You ​spent ​decades ​just ​saving ​to ​get ​to ​this ​point, ​and ​now ​you’re ​watching ​your ​retirement ​savings ​drop ​in ​value.

Things to Consider:

You ​might ​be ​wondering ​what ​changes ​you should ​make. ​Should ​you ​move ​to ​cash? ​What ​action ​should ​you ​be ​taking ​with ​your ​accounts ​as ​you ​watch ​your ​accounts ​drop ​in ​value ​and ​you’re ​getting ​closer ​to ​your ​retirement ​date? We ​want ​to ​focus ​on ​strategies ​that ​can ​help ​our ​plan ​during ​these ​high ​emotions ​versus ​letting ​emotions ​potentially ​hurt ​our ​plan.

This video is going ​to ​draw ​out ​some ​simple ​and ​practical ​strategies ​you ​can ​utilize ​during ​a ​market ​downturn ​that ​can ​actually ​help ​your ​retirement ​plan ​instead ​of ​hurting ​it.

Here’s some of what we discuss in this episode:

⚖️ Strategy #1: Rebalance your portfolio to take advantage of market shifts

💵 Strategy #2: Increase contributions when prices are low

🔁 Strategy #3: Use Roth conversions to lock in tax-free growth

📉 What happens if you miss the market’s best days

🧾 Roth alternatives when your income is too high

0:00 – Intro

2:01 – Strategy #1: Rebalancing

4:27 – Strategy #2: Increasing contributions

7:03 – Strategy #3: Roth conversion

10:04 – Chart of the Week of Best Market Days

13:38 – Listener question on tax-advantaged accounts

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