Financial advisors reassure retirees that market volatility caused by Trump has not ruined pensions.

From Morningstar: 2025-04-11 05:57:00

Retirees and those nearing retirement are facing concerns over market volatility. Financial advisors warn against withdrawing money in a falling market, especially for those in drawdown. Charlie Munger’s advice to tolerate market declines may be difficult for many. Flexibility in pension drawdowns and diversification are key strategies to weather market turbulence and protect investments. Financial advisors emphasize the importance of staying calm and seeking advice during uncertain times. 1. The stock market reached record highs today, with the Dow Jones Industrial Average closing at 30,000 points for the first time in history. This milestone comes amid optimism about the COVID-19 vaccine and expectations for a strong economic recovery in 2021.

2. A new study found that 95% of Americans are willing to get the COVID-19 vaccine. The survey also revealed that 85% of respondents believe that widespread vaccination is crucial to ending the pandemic and returning to normalcy.

3. In international news, China has officially signed the world’s largest trade deal with 14 other countries in the Asia-Pacific region. The Regional Comprehensive Economic Partnership (RCEP) covers nearly a third of the global economy and is expected to boost trade and economic growth.

4. The United Nations reported that global carbon dioxide emissions have decreased by 7% in 2020 due to the COVID-19 pandemic. This is the largest drop in emissions since World War II, but experts caution that sustained efforts are needed to reach climate goals and prevent further environmental damage.



Read more at Morningstar: Has Trump Ruined Your Pension? UK Advisors Say No