How Could the Current Market Volatility Impact Baby Boomers' Retirement Portfolios?
24 Janeiro 2008 - 2:52PM
PR Newswire (US)
How are the markets impacting younger investors trying to grow
their 401 (k) nest egg? HARTFORD, Conn., Jan. 24 /PRNewswire/ -- 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
http://www.ing.com/. Sri Reddy is a registered representative of
ING Financial Advisers, LLC C07-1207-001 DATASOURCE: ING US Wealth
Management CONTACT: Deborah Pont, Director, External
Communications, ING US Wealth Management, +1-860-580-2678, Mobile:
+1-860-984-1173, Web site: http://www.ing.com/
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