Why you should protect your portfolio 5 years before retirement

| November 01, 2022


After the market high in October of 2007, it took the SP500 5 years and 5 months to recover.  It hit 1,527 in October of 2007 and did not hit that number again until March of 2013.

Imagine if you were about to retire in the fall of 2008.  Your portfolio was still invested heavily in stocks and the market started to decline.  You did nothing and waited for the market to recover.  As it continued to go down you continued to wait.  You waited 65 months.

Do you want to wait 65 months to retire?  A lot of people did.

There is no reason to be held hostage by the stock market when you are close to retirement.  You should determine when you want to retire, not the stock market.

Whether the market is up down or sideways you should be able to retire.

Back in 2008 and 2009 I heard a lot of people talk about delaying their retirement until the market recovers.  I’m hearing the same thing today.  Why?

No one can predict what the stock market is going to do.  Not the next year, not the next month, not the next day.

Do not delay any longer.  Reassess the risk inside your nest egg.  How much can you afford to lose?


Investment Advisory Services offered through Spyrnal Wealth Management, LLC.  Insurance products and services are offered through Timothy J. Spyrnal.  Snowbird Retirement does not render legal or tax advice. Be sure to consult with a qualified tax and/or legal adviser regarding the best options for your circumstances. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company and are not offered by Spyrnal Wealth Management. 

The foregoing content reflects the opinion of Snowbird Retirement. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns.  All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful