Mistakes retirees should avoid before a market correction

Published 2 Min Read

Retirees are advised to tap into their Roth accounts last to minimize hefty tax bills associated with 401(k) distributions.
Bloomberg News

Welcome to Retirement Scan, our daily roundup of retirement news.

Mistakes retirees should avoid before a market correction
Retirees should avoid the mistake of trying to time the market, according to this Kiplinger article. And if they fear a sharp downturn, seniors may want to avoid locking up their retirement accounts in long-term bonds. They shouldn’t hoard cash, the article says, and they should consider diversifying with the “right” annuity.

Paola Peralta
Associate Editor

Paola Peralta is an Associate Editor at Employee Benefit News and has been with the team for five years. She is a proud UCF journalism graduate who got her start through a Dow Jones News Fund … Read full bio


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form