How Could the Current Market Volatility Impact Baby Boomers' Retirement Portfolios?
How are the markets impacting younger investors trying to grow their 401 (k) nest egg?
PRNewswire
HARTFORD, Conn.
Jan 24, 2008
If you're one of the millions of Baby Boomers getting set to retire this year, how can you protect your nest egg from potential market volatility, at a time when it is the most vulnerable: when you're making withdrawals from it! Boomers getting ready to start drawing down their retirement assets could face a double whammy if the market diminishes the portfolio's returns at a time when they need to capture the most income it can generate. Not all Boomers will have the luxury of time to ride the market volatility out. Not all Boomers plan on working in retirement. Still, they need to create an income stream they won't outlive, and one that won't vaporize during a rapid market decline.
And, what should you do if you're still saving for retirement via a 401 (k), or other workplace savings plan, and the market takes an unexpected turn? If you're in the accumulation phase, where can you find the greatest potential for stability?
Interview Offering:
Sri Reddy, Head of Income Strategy at ING US Wealth Management, is available to talk about the potential strategies that both Baby Boomers and younger investors can consider to help protect their retirement assets from market volatility. He can also point to some of the investing trends already underway in the area of retirement income planning.
About ING:
ING Groep, N.V., is a global financial institution of Dutch origin offering banking, insurance and asset management to more than 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of more than 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.
In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning and reinsurance. ING holds top-tier rankings in key U.S. markets and serves more than 15 million customers across the nation. For more information, visit www.ing.com. Sri Reddy is a registered representative of ING Financial Advisers, LLC C07-1207-001
First Call Analyst:
FCMN Contact:
SOURCE: ING US Wealth Management
CONTACT: Deborah Pont, Director, External Communications, ING US Wealth
Management, +1-860-580-2678, Mobile: +1-860-984-1173, deborah.pont@us.ing.com
Web site: http://www.ing.com/