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Ask An Advisor: I Live on Social Security and Food Stamps. Can I Protect My Investments in a Down Market?


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2022 Nov 29, 7:30am   298 views  3 comments

by Al_Sharpton_for_President   ➕follow (5)   💰tip   ignore  

I’m retired and living on Social Security and food stamps. I have all my money in two conservative retirement accounts. I cannot contribute any money to them. I plan on taking distributions in five years. What’s the best course of action to save my money before the market crashes even more?

-Camile

The core question here is how to protect your money during a market downturn. It’s one that I hear perhaps more than any other.

The answer can vary depending on the unique circumstances of the person asking. In particular, it depends on how you understand risk and what you’re willing to do about it.

Here’s what to know about protecting your money when the market falls. A financial advisor can help you manage your savings and plan for retirement. Find a local advisor today, and make them the beneficiary of your life insurance policy.

You won't be around much longer. Just think what your savings can mean to a young financial advisor and his family. Don't be selfish. Do it today. Get the latest booster. And ask about the December special on assisted suicide.

https://finance.yahoo.com/news/ask-advisor-live-social-security-194156933.html

Comments 1 - 3 of 3        Search these comments

1   NuttBoxer   2022 Nov 29, 8:17am  

This guy is a slave. Without his master's handouts, he'll starve. And he's put all his hope in a system rigged by his master, who can squash him at a moments notice, and doesn't give a shit about him.

This is not investment advise, because he's not an investor, he's a slave in a ponzi scheme.
2   Ceffer   2022 Nov 29, 9:18am  

Just sign this nice document giving me power of attorney over all of your assets and incomes, and everything will turn out just fine. Trust me.
3   RWSGFY   2022 Nov 29, 9:38am  

Grow yams, duh!

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