Should You Be Worried About Large Drops in the Stock Market?

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The Story:

A recent dip the in the stock market has stirred up some concern and worry amongst investors. Is it a sign that something worse might be up ahead or is this just another bump in the road?

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The Show:

Movement in the stock market doesn’t make much news unless the down becomes much more than a small dip. That’s why a recent 800-point drop really shook up investors and dominated the financial headlines. Losses like this immediate make people think back to 2008 with fear that something similar might be on the way.

How concerned should we be with this latest drop? Is this time different?

We wanted to get Don Cash’s perspective on the topic in this episode of the Your Money & Your Life podcast. What does a CPA and CFP think about the latest headlines? That’s what you’ll find out as Don leans on his experience and knowledge to explain what we’re going through currently and what kind of indicators he’s seeing.

Having been through some stock market volatility much worse than what we’re seeing in 2019, Don shares his memories of dark days and what he’s seen that’s different today compared those previous eras.

We’ll close out this episode with a mailbag question and some great information on the role health insurance plays in retirement and what you need to be considering.

Listen to the entire show above or click the timestamps below to skip ahead to a specific segment.

[0:39] – Volatility returns to the market once again.

[1:36] – Many of the same issues are lingering.

[2:27] – There are still some positive indicators.

[3:26] – This same phrase keeps coming up: “It’s different this time.”

[3:59] – What does history tell us

[7:33] – Should we be less worried than many people want us to be?

[8:46] – If you diversify correctly, you can avoid these big losses.

[10:07] – Technology has things worse.

[10:42] – Don shares a story about a recent experience where technology wasn’t front and center.

[13:10] – How an advisor can help guide you through the volatility and the concerns you have.

[14:34] – Cash connection time on the show.

[14:45] – Question #1: I’m being forced into early retirement at 57 from the state. I’ll have my pension but do I need to find another job since I’m too young for Social Security and IRA withdrawals.

[15:11] – How health insurance fits into early retirement.

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About Don:

Donald W. Cash – CPA, CFP® is an independent advisor. Don began his career in 1985 as an accountant after graduating Rutgers University. In 1990 he entered the field of Estate Planning with a concentration in long term care planning. Don has been advising clients in the baby boomer and retirement market for 20 years. He has helped over 1,000 families with their planning needs. He advoctaes a holistic approach to Estate and Financial Planning as has relationships with other professionals including Attorneys, CPA’s, Mortgage Specialists, Insurance Specialists and Asset Managers. Don is married to Cathy and have 4 children, Carly, DJ, Nick and Tori. They live in Freehold, NJ.

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