Should a 70 year old be in the stock market?
In addition to Social Security benefits, it's a good idea to consider investing as an additional income stream. It's never too early (or late) to safely invest and offset the cost of living, long-term care, or expensive hobbies.
Should I pull everything out of the stock market?
While holding or moving to cash might feel good mentally and help avoid short-term stock market volatility, it is unlikely to be wise over the long term. Once you cash out a stock that's dropped in price, you move from a paper loss to an actual loss.
What happens to my retirement if the stock market crashes?
Your 401(k) is invested in stocks, meaning your account's value can go up or down depending on the market. If the market drops, you could lose money in your 401(k). This is why it's essential to diversify your investments and not put all your eggs in one basket.
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