From Yahoo Finance: 2025-04-28 16:52:00

Retirees face uncertainty as market volatility continues due to tariff policies. Financial advisors urge proactive strategies for those in or near retirement to mitigate sequence-of-returns risk. Having a cash buffer, diversification, or a withdrawal plan can protect long-term investments. Data shows many retirees lack emergency savings, emphasizing the need for careful financial planning.

Advisors recommend having 18 to 24 months of cash reserves for retirement preparedness. Planning ahead and adjusting withdrawal strategies can help retirees weather market downturns. Delaying retirement or reducing distributions during down markets can preserve long-term financial goals. Working an extra year can significantly impact retirement security by reducing reliance on investments. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This was due to concerns over rising inflation and interest rates, causing investors to sell off their stocks in a panic.

2. In other news, the unemployment rate has dropped to 4.8%, the lowest it has been in the past five years. This is a positive sign for the economy, indicating strong job growth and a recovering labor market.

3. The Federal Reserve announced that they will be raising interest rates by 0.25%, in an effort to combat inflation. This decision was made in response to the recent surge in consumer prices, which have been steadily increasing over the past few months.

4. In technology news, Apple has unveiled their latest iPhone model, the iPhone 13. The new phone features improved camera capabilities, a faster processor, and longer battery life. Pre-orders for the device are now available, with the official release date set for next month.



Read more at Yahoo Finance: Should clients in the ‘retirement red zone’ reconsider withdrawal strategies?