Where should retirees put their money during volatile markets?

May 7, 2025

Markets today feel like a rollercoaster. One day the headlines talk about economic growth, the next day about recession fears. Inflation pressures continue, interest rate decisions feel unpredictable, and global events add even more uncertainty. For retirees, whose savings need to last for decades, this environment can feel unsettling. Watching account balances swing up and down is not just nerve-wracking — it can make you question whether the investment plan you built will still hold.

Unlike someone still working full-time, retirees don’t have the simple solution of “earning more” to make up for short-term losses. Every dollar matters now. Each decision has a deeper impact because there’s less time to recover from mistakes. That’s why understanding how to protect and position retirement savings during unpredictable markets is not just smart — it’s necessary.

Adding even more complexity right now are tariffs. Recent remarks by Federal Reserve Chair Jerome Powell made headlines when he admitted that the level of tariff increases announced so far was significantly larger than anticipated. In response to Powell’s comments, Michael Landsberg of Landsberg Bennett Private Wealth Management offered a candid assessment during his appearance with Reuters:

“I think he understands they don’t have a real grasp of where anything’s going to go… Growth is going to decelerate. We had that decelerating through tariffs, and obviously with the tariffs, it’s a cloud about what’s going to happen. Some of their guesstimations as to where we’re going to be are very clouded at this point.”

Landsberg emphasized that Wall Street had hoped for clarity, but what it got instead was uncertainty — particularly around how tariffs could affect corporate earnings. He pointed out that earnings are already expected to decelerate from the first quarter to the second, and the fear now is that higher tariffs could push that slowdown even further.

This cloud of uncertainty isn’t just something investors are grappling with on trading floors. It touches retirees too — especially those who depend on consistent income from their investments to fund their lifestyles.

Given this backdrop, the big question becomes even more urgent: where should retirees put their money when markets become volatile?

This article is here to answer exactly that. We’ll walk through practical strategies built for times like these — not complicated theories, but real steps retirees can use even when the news cycle feels overwhelming. The goal is simple: keep your retirement savings working for you while protecting them from avoidable risks.

Where Should Retirees Put Their Money During Volatile Markets?

Potential investment strategies for retirees during market volatility can include the following:

• Diversification Across Asset Classes
• Maintaining a Cash Reserve
• Investing in Income-Generating Assets
• Regular Portfolio Rebalancing
• Adding Defensive Stock Sectors
• Using Short-Term Bonds for Stability
• Systematic Withdrawal Plans
• Dollar-Cost Averaging into Stable Assets
• Avoiding Emotional Moves
• High-Yield Savings Accounts and Money Market Funds
• Certificates of Deposit (CDs)
• Treasury Inflation-Protected Securities (TIPS)
• Stable Value Funds
• U.S. Treasury Bills (T-Bills)
• Short-Term Bond Funds
• Municipal Bonds (for Certain Retirees)
• Alternative Investments

Now, let’s take a look at each of them.

Diversification Across Asset Classes

The first move is to make sure your investments aren’t all tied to one type of asset. Spreading your money across stocks, bonds, and cash-like holdings gives you more balance. When stocks stumble, bonds or cash can hold steadier. A well-diversified portfolio acts like a shock absorber, softening the rougher patches of the market.

Rather than chasing returns from one particular sector, a diversified approach focuses on balance. Think of it as building a bridge with many pillars; if one pillar shakes, the others help hold everything up.

Diversification, however, goes beyond just stocks, bonds, and cash. It also means thinking about where in the world you are investing. Michael Landsberg discussed this during his appearance on CNBC’s The Exchange. He highlighted that while the U.S. market still has plenty of opportunities, many domestic valuations appear stretched.

Landsberg pointed to international markets, especially India and Japan, as areas worth considering. “The GDP growth there [India] is two or three times what we’re getting here,” he said, emphasizing that India’s capitalist structure and adherence to rule of law make it more attractive compared to other emerging markets like China. Japan, after years of stagnation, is showing signs of economic reacceleration, offering fresh opportunities despite some political uncertainties.

Landsberg’s broader point was clear: focusing only on U.S. investments can leave a portfolio vulnerable when domestic valuations are already high. By adding exposure to different regions like Asia, South Africa, or the UK, investors can tap into areas where growth prospects remain strong and valuations are more reasonable.

He also noted the importance of managing currency risk when investing internationally. For example, he mentioned using strategies like shorting the yen to hedge exposures in Japan, allowing investors to benefit from local stock performance without being dragged down by currency declines.

Including international investments is not about abandoning U.S. markets. It’s about rounding out a portfolio with global opportunities to create a smoother, more resilient financial journey — especially when volatility strikes close to home.

Maintaining a Cash Reserve

One of the smartest shields against volatile markets is something simple: a cash reserve. Having one to two years’ worth of living expenses tucked away in a savings account or money market fund can be a lifeline. This reserve allows you to cover your costs without needing to sell investments when prices are down.

It’s about creating breathing room. You’ll have money available for groceries, medical bills, and daily needs without being forced into bad timing.

Investing in Income-Generating Assets

Another important step is to focus on investments that pay you while you hold them. Dividend-paying stocks, municipal bonds, and corporate bonds can offer steady cash flow. That way, part of your income keeps flowing without needing to sell shares.

Not every dividend stock or bond is created equal, so it’s important to stick with companies and issuers with strong histories of paying reliable income. This approach keeps you grounded even when stock prices shift.

Regular Portfolio Rebalancing

Markets don’t sit still, and neither should your portfolio. Over time, the balance between stocks, bonds, and cash in your retirement savings can drift as different investments grow at different speeds. Without realizing it, you could end up with far more exposure to stocks than you originally intended — or not enough stability in cash and bonds when you need.

That’s why regular rebalancing matters. Setting a schedule — maybe once or twice a year — to review and adjust your portfolio helps keep it aligned with your personal goals and comfort with risk. Small, steady adjustments can protect you from drifting into unintended risks and from becoming too concentrated in areas that may have simply had a good short-term run.

Michael Landsberg emphasized this point in his Market Update for Q1 2025. He explained that rebalancing is not just a routine task — it’s a risk management tool.

Watch: Landsberg Bennett Private Wealth Management: Market Update Q2 2025

“When a stock’s weight in the portfolio doubles due to performance, we trim it back to its original allocation,” Landsberg said. “It’s about locking in gains and reducing downside risk.”

Landsberg highlighted that trimming strong performers after significant growth — rather than chasing them further — helps lower risk across the portfolio. It’s not about abandoning winners but about keeping their influence in the portfolio under control. As he put it, “Think of it like a rose bush. You trim after big growth to encourage healthier, longer-term results.”

This disciplined rebalancing strategy played out in their approach to technology stocks. After years when tech companies soared, they trimmed their tech exposure at elevated levels. When tech struggled in 2022, they added selectively to positions that were temporarily out of favor, setting the stage to benefit from the recovery.

The goal is simple: when investments outperform, don’t let them take over your portfolio unchecked. When other areas lag but remain fundamentally strong, consider carefully adding to them. Over time, this methodical trimming and adding helps smooth out the ride and keeps your investments aligned with your original plan — not with market fads or fear-driven reactions.

Rebalancing also serves as a built-in way to “buy low and sell high” without trying to time the market, which few manage successfully over the long run. Instead of guessing when to jump in or out, rebalancing uses portfolio structure to quietly guide your decisions.

Especially in retirement, when portfolio withdrawals become part of life, keeping your investment mix steady and intentional matters even more. Regular rebalancing helps ensure that risk doesn’t sneak back into your financial life when you can least afford it.

Adding Defensive Stock Sectors

Not all stocks behave the same during downturns. Companies in sectors like healthcare, utilities, and consumer staples tend to hold up better during economic slowdowns because their products and services are needed no matter what.

Shifting a portion of your stock holdings toward these “defensive” areas can help cushion against market volatility. These sectors aren’t immune to losses, but historically, they’ve been more resilient when broader markets fall.

Incorporating defensive sectors is a way to stay invested in stocks without taking on as much turbulence as the broader market.

Using Short-Term Bonds for Stability

While long-term bonds can offer higher interest rates, they are also more sensitive to interest rate changes. Short-term bonds, on the other hand, react less sharply to rising rates and provide more predictable returns.

Allocating part of your bond portfolio to short-term bonds can stabilize income and reduce the risk of large price swings in the bond market. Treasury bonds, municipal bonds, and short-term corporate bonds can all fit this need, depending on your overall strategy.

Short-term bonds offer a middle ground between the minimal returns of cash and the higher risk of stocks.

Systematic Withdrawal Plans

Rather than guessing how much money to take out each year, retirees can set up a systematic withdrawal plan. This means taking out a pre-set percentage or dollar amount annually, based on careful calculations.

For example, the “4% rule” suggests withdrawing 4% of your portfolio in the first year of retirement, adjusting for inflation thereafter. While no rule fits everyone perfectly, having a structured plan removes guesswork and helps preserve your savings longer.

Systematic withdrawal strategies are flexible — you can adjust based on market performance — but starting with a plan gives you a clear, manageable path.

Dollar-Cost Averaging into More Stable Assets

If you decide to gradually move more of your portfolio into more stable holdings (like bonds or cash equivalents), doing it slowly through dollar-cost averaging can smooth the process.

Dollar-cost averaging simply means investing a fixed amount at regular intervals instead of moving a large lump sum all at once. This approach reduces the risk of shifting money, achieving a more average price entry into stable investments.

In volatile markets, gradual moves often feel less stressful and produce better outcomes than big, sudden decisions.

Avoiding Emotional Moves

Perhaps the important strategy is psychological: resisting the temptation to act impulsively. During sharp market declines, it’s natural to want to “do something.” But quick reactions often lead to locking in losses and undermining a well-constructed plan.

Instead of reacting emotionally, retirees can use a checklist:

• Is my cash reserve intact?
• Are my core expenses covered without selling stock?
• Has my overall plan changed?

If the answers are positive, often the wiser move is no move at all. Sticking to a thoughtful plan beats chasing headlines almost every time.

High-Yield Savings Accounts and Money Market Funds

High-yield savings accounts and money market funds are simple tools, but they serve an important role. They provide a secure place to park cash while earning modest interest.

These accounts are particularly useful for emergency funds or the cash reserve retirees tap during market downturns. They allow easy access when needed, without forcing you to sell investments in a falling market.

While interest rates can vary between banks and institutions, it’s worth taking the time to find a competitive rate. Every extra fraction of a percent adds up, especially when that cash may sit there for a year or two.

Unlike investments tied to the stock or bond markets, these accounts maintain a stable value. You won’t wake up to surprises — and that predictability can be invaluable when you’re drawing down assets in retirement.

Certificates of Deposit (CDs)

Certificates of Deposit, or CDs, are savings products that pay a fixed interest rate over a set period — usually ranging from a few months to several years. In exchange for agreeing to leave your money untouched for a specified time, you typically earn a higher return than you would from a regular savings account.

Many retirees use a strategy called a “CD ladder” to balance returns and liquidity. This involves purchasing multiple CDs with different maturity dates — for example, one that matures in six months, another in one year, and another in two years. As each CD matures, you can either use the cash or reinvest it into a new CD, depending on your needs.

Laddering CDs helps you avoid locking up all your cash at once and reduces the risk of having to break a CD early (which often comes with penalties).

Treasury Inflation-Protected Securities (TIPS)

One of the big risks in retirement is inflation — the gradual increase in prices over time that erodes the purchasing power of your money. Treasury Inflation-Protected Securities (TIPS) offer a way to guard against that risk.

TIPS are U.S. government bonds that automatically adjust their principal value with changes in the Consumer Price Index (CPI). As inflation rises, the principal increases, and your interest payments — which are based on that principal — rise too.

For retirees concerned about the rising costs of healthcare, groceries, and other essentials, TIPS provide a valuable layer of protection. They can be purchased directly from the U.S. Treasury or through mutual funds and ETFs that specialize in inflation-linked securities.

Stable Value Funds

Often found within 401(k) and retirement plans, stable value funds aim to offer consistent, low-volatility growth. They typically invest in a mix of high-quality bonds and insurance contracts that help smooth returns even when markets become turbulent.

While not completely risk-free, stable value funds generally experience fewer ups and downs compared to bond funds or stock funds. They are designed to provide better returns than money market funds without the price swings that can come with traditional bond investing.

For retirees who want modest growth without heavy risk exposure, stable value funds can be a useful middle ground — particularly for the portion of a portfolio reserved for near-term spending needs.

U.S. Treasury Bills (T-Bills)

Treasury bills, or T-bills, are short-term securities issued by the U.S. government, with maturities ranging from a few weeks to one year. They are backed by the full faith and credit of the U.S. government, offering a high degree of reliability.

T-bills don’t pay traditional interest. Instead, you buy them at a discount to their face value, and when they mature, you receive the full amount. The difference between the purchase price and the maturity value is your return.

Because they mature quickly and carry very low credit risk, T-bills are often used by retirees seeking a temporary place to park cash while earning a modest return.

Short-Term Bond Funds

Short-term bond funds invest in bonds that mature in one to three years. Because of their shorter time horizon, they are less sensitive to interest rate changes compared to longer-term bonds.

These funds offer better yield potential than money markets or savings accounts but carry some degree of market risk. Still, because of their focus on short durations and generally high credit quality, they tend to provide steadier returns during periods of rising interest rates.

For retirees seeking a balance between income generation and relative stability, short-term bond funds can fit well within a diversified portfolio.

Municipal Bonds (for Certain Retirees)

Municipal bonds, issued by state and local governments, can be a smart addition for retirees in higher tax brackets. The interest income from municipal bonds is generally exempt from federal taxes, and if you buy bonds issued by your home state, the income might also be exempt from state and local taxes.

High-quality municipal bonds, particularly those rated “investment grade,” are regarded as reliable options, and the tax advantages can make their effective yields competitive compared to taxable bonds.

Of course, not all municipal bonds are created equal. It’s important to focus on bonds from issuers with strong credit ratings to minimize risk.

Learn more about Municipal Bonds here: Difference Between Taxable and Municipal Bonds

Alternative Investments

When traditional assets like stocks and bonds become unstable, some retirees look toward alternative investments to provide additional diversification and potential for returns. These can include assets like real estate investment trusts (REITs), commodities such as gold, infrastructure funds, private equity, and even hedge fund strategies (depending on investor eligibility and access).

The appeal of alternatives lies in their lower correlation to traditional markets. When equities drop, some alternative assets may remain steady or even rise. For example, REITs can provide income through real estate holdings, while commodities like gold have historically held value during inflation or geopolitical stress.

That said, alternatives are not without trade-offs. Many come with higher fees, less liquidity, and greater complexity. Some — like private equity — may lock up your capital for several years, which can be problematic if you need access to funds sooner than expected.

For retirees, the key is to use alternatives in moderation and with clear intent. A small allocation — say 5% to 10% of the overall portfolio — can enhance diversification and offer different return sources. But they should be added only after careful research or professional advice, and only if the rest of the retirement plan is already on solid footing.

In uncertain markets, a touch of the unconventional — if well chosen — may provide another layer of strength to your retirement strategy.

Learn more about alternative investments for retirees here: The Essential Guide to Alternative Investments for Retirees

The Importance of Asset Allocation and Diversification

Managing retirement savings is about more than just picking good investments. It’s about creating the right mix of investments that work together toward your goals. That’s where asset allocation and diversification come in — they form the foundation of a strong, resilient portfolio, especially during periods of market uncertainty.

Asset Allocation Strategies

Asset allocation is the plan that decides where your money goes — how much you put into stocks, bonds, cash, and other investment types. It’s not random. It’s based on your personal needs: how much risk you can live with, how much income you need, and how long you expect your money to last.

For example, someone early in retirement who plans to rely on their portfolio for 30 years might build something like 40% stocks, 50% bonds, and 10% cash. This offers some growth potential while still emphasizing stability.

Someone who prefers a more cautious approach might flip the numbers — holding more in bonds and cash, and keeping stocks to a smaller portion. On the other hand, a retiree with a strong pension or other reliable income may choose to hold a slightly larger share in stocks to pursue longer-term growth.

There’s no single “right” mix for everyone. The right allocation is the one that matches your lifestyle, your emotional comfort with market swings, and your specific financial needs. It’s not about chasing the greatest possible return — it’s about finding the balance that lets you sleep at night and meet your goals without taking more risk than necessary.

And just as important: asset allocation isn’t something you “set and forget.” As you age, your priorities may shift. Your allocation should adjust over time to reflect changes in your life and in the market environment.

Benefits of Diversification

Diversification is what protects your portfolio from being wiped out by the troubles of any one company, sector, or market. Instead of relying on a single investment or a single type of asset, diversification spreads risk across many different areas.

If one investment struggles, others might hold steady or even do well, softening the blow. This reduces the odds that one bad event — a company bankruptcy, a tech bubble bursting, a surprise economic slowdown — will sink your entire portfolio.

Diversification works at multiple levels:

• Across asset classes: owning a mix of stocks, bonds, and cash.
• Within asset classes: holding different sectors (like healthcare, technology, energy) and different regions (domestic and international).
• Across investment styles: blending growth stocks with value stocks, and combining short-term bonds with longer-term ones.

Michael Landsberg often points out that too many investors in today’s market are heavily concentrated in just a handful of large-cap U.S. stocks. That might work when those stocks are rising, but it creates real vulnerability when leadership shifts or valuations get stretched.

By diversifying broadly, you set yourself up to benefit from many different parts of the market, not just the ones currently in the spotlight. Over time, a diversified portfolio tends to produce steadier, more reliable returns — exactly what many retirees need.

Rebalancing Techniques

Even if you start with a good mix of investments, market movements will eventually pull you off track. Stocks might soar for a year or two, causing your portfolio to tilt too heavily toward equities. Bonds could have a strong run and swell to a larger share than you intended. Even cash levels can drift if you make withdrawals without careful oversight.

That’s why rebalancing matters. Rebalancing simply means adjusting your holdings back toward your original target allocations. It’s not about timing the market — it’s about maintaining control. When something in your portfolio grows far beyond its intended size, you trim it back. When something lags but still has long-term merit, you may add to it.

Think of rebalancing like steering a car: even on a straight highway, small corrections are needed to stay in the lane. Likewise, a retirement portfolio needs occasional adjustments to remain steady and aligned with your goals.

A common practice is to review your portfolio once or twice a year. Some retirees set a rule, such as rebalancing whenever any asset class drifts 5% or more from its target. This creates a system that removes emotion from decision-making.

Michael Landsberg emphasized this point during an interview on Schwab Network. He explained that many investors have become heavily concentrated in a handful of large technology stocks after strong gains over the past two years.

While those stocks had an impressive run, Landsberg warned that staying overweight in them without adjusting creates unnecessary risk. “Most investors and even many advisors are grossly overweight in the Mag 7. It worked well — until it didn’t,” he said. He urged investors to actively rebalance, noting that defensive sectors like insurance and utilities have been holding up better during recent periods of market volatility.

“If you haven’t rebalanced yet, today is a good opportunity to start,” Landsberg advised. He explained that after strong rallies in tech, trimming back those overweight positions helps protect portfolios from sharper losses if momentum shifts.

Besides trimming U.S. tech exposure, Landsberg highlighted opportunities to rebalance by allocating more toward sectors and regions showing new strength — including insurance, utilities, and European equities, where economic momentum has started to improve.

He also cautioned against chasing small-cap stocks simply because they appear cheap. “Small caps have been a value trap,” he warned, pointing out that earnings growth in the small-cap space remains weak, despite what lower valuations might suggest.

Rebalancing isn’t about abandoning good investments. It’s about keeping them in proper proportion to the rest of your holdings, locking in gains when appropriate, and adjusting exposures before small imbalances become big vulnerabilities.

For retirees especially, consistent rebalancing does more than just manage risk — it provides a disciplined way to support regular withdrawals. Instead of selling from the weakest areas of the portfolio, you can fund retirement income needs by trimming from areas that have outperformed and grown above target.

The result is a portfolio that doesn’t just drift with the market’s emotions but stays anchored to your personal plan, even during turbulent times.

Strategies to Mitigate Sequence of Returns Risk

Sequence of returns risk happens when investment losses occur early in retirement, right when you start making regular withdrawals. Even if the long-term average return looks healthy, suffering poor returns in the first few years can create lasting damage.

Here’s why: If you experience market losses while simultaneously taking money out of your portfolio, you’re forced to sell a larger portion of your investments at lower prices to meet your spending needs. This shrinks your remaining balance, leaving fewer assets to recover when markets bounce back.

Over time, the impact compounds. A portfolio that’s hit early by bad timing may struggle to recover fully, even if the market eventually rebounds.

For retirees, avoiding large withdrawals during early market downturns can be just as important as achieving strong investment growth..

Understanding the Risk

Sequence of returns risk happens when investment losses occur early in retirement, while withdrawals are being made. It can severely impact how long savings last.

Even if the average return over many years is strong, early losses combined with withdrawals can drain savings faster than expected.

Withdrawal Strategies

One way to help manage sequence of returns risk is by setting up a bucket strategy. This approach divides your retirement savings into different categories based on when you’ll need the money:

• Bucket 1: Cash for Immediate Needs (1–2 years of expenses)
  This first bucket holds cash, short-term certificates of deposit, or other highly liquid accounts. Its job is simple: cover everyday expenses and emergency needs without having to sell longer-term investments at a bad time.
• Bucket 2: Bonds and Income Investments for Medium-Term Needs (3–7 years)
  The second bucket holds investments that generate stable income with moderate price fluctuations, such as short- and intermediate-term bonds. This bucket is designed to refill your cash bucket over time while offering a smoother ride than stocks.
• Bucket 3: Stocks and Growth Investments for Long-Term Needs (7+ years)
  The final bucket is focused on growth. It includes investments like diversified stock funds or equity holdings. Since you won’t touch this money for several years, it has time to ride through market volatility and recover from downturns.

Using this strategy, when the market is down, you spend from Bucket 1 and Bucket 2 rather than being forced to sell stocks at depressed prices. When markets are strong, you can refill your cash bucket and prepare for future needs.

This approach provides retirees with a structured, deliberate way to manage both short-term cash flow and long-term investment growth — minimizing the risk that an unlucky market sequence derails their plans.

Use of Cash Reserves

Another important tool for reducing sequence of returns risk is simply maintaining a cash reserve.

Holding one to two years’ worth of living expenses in cash or very short-term investments creates a vital cushion. If the market declines, you can tap into your cash reserve instead of selling stocks or bonds at lower prices.

Having cash readily available gives investments in your portfolio time to recover. It also reduces emotional pressure during market downturns. You’re not scrambling to find funds to pay the bills; you’re operating from a position of strength.

Cash reserves work hand in hand with withdrawal strategies like the bucket system. Together, they allow retirees to maintain spending stability, avoid panic selling, and help preserve their long-term financial health.

Managing Emotions During Market Turbulence

Common Emotional Pitfalls

It’s easy to say, “Stay calm,” but when retirement savings feel threatened, emotions can run high. Panic selling is one of the common traps. When markets fall sharply, the urge to cash out and “stop the bleeding” feels natural. But selling during a downturn often locks in losses that would have been temporary.

Another emotional misstep is chasing whatever investment just performed well. Moving all your money into last year’s winners may feel smart at the time, but markets shift quickly. What worked yesterday may not work tomorrow.

Reacting based on fear or excitement usually leads to buying high and selling low — exactly the opposite of a sound financial strategy.

Staying the Course

When markets become rough, returning to your original plan is critical. Your financial strategy was likely built with the understanding that markets fluctuate. It anticipated both good and bad periods.

Rather than focusing on daily or even monthly news, think about your financial plan in terms of years. Retirement is not a one- or two-year journey. It’s often a 20- to 30-year path. Staying invested through ups and downs historically leads to stronger outcomes than reacting to every bump along the way.

Seeking Professional Guidance

Sometimes, an outside perspective can be valuable. Financial advisors who understand retirement income planning can help bring objectivity when emotions run high. They can walk you through different scenarios, help you review your risk exposure, and suggest adjustments if needed — all while keeping long-term goals in focus.

Choosing someone who listens, educates, and acts thoughtfully is more important than flashy promises or complicated jargon.

Conclusion

Markets move. Sometimes calmly, sometimes sharply. For retirees, these movements carry extra weight because they are tied directly to covering everyday living expenses.

Throughout this article, we explored strategies to protect retirement savings and keep financial plans on track during uncertain times:

• Diversifying investments across asset types and regions
• Maintaining a healthy cash reserve to ride out volatility
• Focusing on assets that generate consistent income
• Considering stable income solutions where appropriate
• Rebalancing regularly to stay aligned with long-term goals
• Recognizing emotional pitfalls and building habits to avoid them
• Personalizing decisions based on risk tolerance, health, and legacy priorities

There is no way to control the market. What retirees can control is their response to it. Taking the time to structure savings thoughtfully, building in safeguards like cash reserves, and staying disciplined during market swings makes a meaningful difference over the long run.

Markets will rise and fall. The steady hands — those who plan, adjust thoughtfully, and stay committed — are the ones likely to reach their goals. Not by predicting every twist and turn, but by preparing for the journey.

Retirement is not the end of the road. It’s a new chapter, one that calls for thoughtful management rather than fear. Protecting savings during volatile times isn’t about avoiding all risk — it’s about understanding risk and shaping strategies that respect it.

Good planning doesn’t erase uncertainty, but it builds something stronger: resilience. And resilience is what carries a retiree confidently through decades of change — not with panic, but with purpose.