Those of you who are heavily weighted in stocks may be a bit concerned about the impact of the equity market’s decline on your retirement plans.
Understandably so.
The S&P 500 has slid 16% this year. If you now have to take money out of stocks to fund your retirement spending, you could be selling at a much lower price than you would have a year ago.
Christine Benz, Morningstar’s director of personal finance and retirement planning, has offered an analysis of how people of all ages can protect their retirement plans from sagging stocks.