Will a 2022 Bear Market Delay Your Retirement?
Inflation and an unrelenting global pandemic set the stage for a bear market in 2022. And a stock market pullback could slash the value of your retirement account and keep you in the workforce longer than planned.
On the flip side, you could have said the conditions were ripe for a bear market in 2021 as well. But the S&P 500 index did the opposite, rising more than 25% in the last 12 months.
Truth is, neither you nor I can predict the next bear market accurately. We can spot signs of trouble ahead, but there's no telling how or when the stock market will respond. What we can do is prep our finances for any type of market climate. Start with the four moves below to protect your 2022 retirement plan from getting ravaged by a bear market.
Source Fool.com
