In the video Matt Stevenson discusses the impending increase in market volatility due to the massive wave of baby boomers retiring and going into income mode. He notes that around 10,000 baby boomers have been retiring daily, and this trend is set to reach its peak in 2024, with 12,000 people turning 65 in the U.S. every day, leading to 4 million people turning 65 in that year alone. This trend is expected to continue for the next 10 to 12 years. Stevenson explains that as these individuals retire, the need to withdraw money from their retirement accounts to replace their paychecks will force a wave of selling assets, thereby adding to market volatility. The decrease in the availability of pensions places more responsibility on individuals to manage their retirement funds, increasing the financial impact of these withdrawals. Stevenson emphasizes the need to plan for and mitigate these uncertainties by seeking consistent, rules-based approaches to manage and protect wealth, highlighting the importance of minimizing risk while achieving growth and income goals, to ensure a stable retirement despite the increasing market volatility.
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11 сен 2024
