Many believe that their retirement account is their life blood, especially when it comes to retiring in Sequim and buying a home, right? There are many excellent registered financial advisers, and I hope you have one, but what do they all say when the stock market starts to crash? They don’t warn you to sell. Instead, they tell you that you must hang in there, not panic, and that this is a buying opportunity. They could be right.

Unless they are wrong, and this is the beginning of a long market crash. If we are in the beginning of a long market decline, then this definitely would not be a time to pour more of your money into the market. In fact, it would be a time to sell what you have in the market already to protect yourself from massive losses and the depletion of your retirement account, your future security. Yesterday the DOW went down over 1,000 points in a single day. Wow!

Retirement Account in This Market?

Retirement Account

Retirement Account

I’m not a registered financial adviser now, although I was years ago, and I’m not giving you financial or retirement advice in this article. You need to make your own decisions and you undoubtedly have your own financial advisers, so I recommend you seek your own financial and retirement advice from your own experts.

I would like to say that the answers you get are only as good as the questions you ask, so make sure you’re asking the right questions. I recommend listening to some contrarians and not just those who keep telling you to keep all your money in the stock market and put more in the stock market when the market goes down. Here’s one smart contrarian, and you might benefit from his video Market Down 1,000 Points. This video below is worth watching as Harry Dent talks about what is coming in our market. 

Why would I write about your retirement account on this real estate blog? Because most of my buyer clients are retirees moving to Sequim, and they are relying on their retirement account to be able to do this. What if, and this is only a what if, the stock market and your retirement account went down 50%? What is your financial adviser telling you now? I hope and pray you are getting good advise.

I’ll tell you one thing. If I were planning to retire in Sequim and buy a home, I wouldn’t dilly dally too long. If I had a million dollars in the stock market, and the market went down 30%, I would be kicking myself, because I could have bought a $300,000 home in Sequim if I had sold at the right time and not rode the market down. I’m just saying. 

The older we get, the more conservative we ought to be with our investments and our retirement account. It’s too hard to start all over when we get older, if not impossible. I hope you are getting solid advice on your retirement account. 

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