Summerlin Benefits Consulting Q&AAnswer
Oct 23, 2024 - 12:11 PM
Withdrawing from an underperforming retirement account locks in losses and reduces your ability to recover from market downturns, posing a significant financial risk. It may also lead to premature depletion of your retirement funds. Diversifying investments and consulting a financial professional can help you mitigate these risks. Fixed Index Annuities (FIAs) can offer safer alternatives with guaranteed income and protection against market volatility, allowing for steady growth without risking principal loss.
