1:38 AM
Aniket Kumar
If you invest for retirement, it is important to have the timing down market. The economic cycle of recession and recovery usually occurs every 7 years or so the United States. You must take this into consideration when you pick up your asset classes.
If you invest in stocks, make sure you do not need access to this money for at least 7 years. This will give you enough time to go through a recession.
One of the biggest mistakes people make is to leave the money in the stock market when they retire. Then, when recession hits, they have declined in the stock market and retirement portfolio goes with it. When you are ready to retire, in many cases, the penalty is necessary to immediately take the money and get something for sure. If you do this correctly, prevents you from having out of retirement.
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