- Seniors have less time to ride out market volatility, inflation, rising rates, and possible recession.
- But there are still plenty of steps they can take to safeguard savings and soften the blows.
- Reducing spending, staying invested, and looking for benefits programs are among the tips.
Retirees and those close to retiring are navigating the current economic and market turbulence differently than those with time on their side to wait for smoother conditions.
Depending on the type of savings and the balances in their accounts, some are feeling the squeeze more than others and are employing different tactics to survive the tumult.