It seems that the market has seen more volatility in the last 12 months than it has seen in the last 10 years. This volatility has turned seemingly solid investors into worried investors with a quivering lip at times. Why? Because of the market corrections that were experienced. If market history has anything to say, there are more market corrections on the way. How should you handle them? That’s what this post is all about!
What You’ll Learn:
In this episode of Money Meets Medicine, “Strategies for Handling Market Corrections,” you’ll learn:
- How to handle a volatile market.
- Why it’s a waste to try and time the market.
- Why you should act like a bear during a bear market.
- Why corrections for the market are actually healthy.
- And more!
Resources from the Episode:
This Episode’s Sponsor
This episode is brought to you by Michael L. Relvas. Michael is a CFP Professional and insurance agent committed to helping physicians nationwide with their term life and disability insurance needs. He provides an objective, transparent and education-focused process, that aims to help physicians make prudent decisions and avoid over-complicating things.
We really like Michael and know he’s got your best interest at heart when it comes to disability insurance. We know he’d be happy to help you with whatever your needs are.
You can find Michael at https://thephysicianphilosopher.com/mrinsurance or contact him at 800-817-4522.
Listener Question of the Week:
Today’s listener question comes from Marc Warner,
With Cash Balance Plan, 401k, and profit sharing, I can contribute 220k a year pretax. On retirement my nest egg would be 85-90% in tax deferred vehicles. Would there ever be a case to not take advantage of the tax deferral to diversify my retirement tax treatment.
Each episode, we are going to start including listener questions as they are provided to us. So, if you have a specific question you’d like answered on the podcast reach out to us! Email Jimmy@moneymeetsmedicine.com or firstname.lastname@example.org
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