Q: The stock market has been so volatile lately and I’m concerned about my retirement accounts. My financial advisor suggests moving my equities into some bonds. Do you think this is a good idea? Fred B. York, PA
A: Dear Fred, according to several financial service firms that we spoke to, moving some equities into bonds would not be the worst advice. Remember that stocks can fluctuate greatly with the market – big wins but also big losses. Whereas bonds have less volatility in highs and lows and on average remain more steady. There is an excellent article in Money magazine that recently addresses this exact issue for both millennials and Silver Sagers: http://time.com/money/5481891/this-is-how-much-money-you-should-have-in-stocks-at-every-age/. Share it with your children as well and good luck.
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