How to Bounce Back From a Retirement Savings Setback

Transcript:

[Title card appears saying "HOW DO I RECOVER FROM A RETIREMENT SAVINGS SETBACK?"]

[Man in his 50s stands over an architect desk sketching out blueprints]

When it comes to saving for retirement setbacks can happen. Market swings and economic slowdowns can leave you unsure of where you stand.

[The man now sits in a meeting with two coworkers, reviewing something on a laptop]

Fortunately there are strategies to help your portfolio and confidence bounce back.

[The man is now mountain biking through a park, taking a break to sit under a tree and later to take in the mountain view]

Start by assessing your response to market volatility.

If you're losing sleep, it may be time to switch to a more conservative strategy.

But resist the temptation to press pause. By sitting out the worst days of the market, you could just as easily miss the best.

[The man is back at his office now, reviewing papers on his desk]

One approach is to regularly check your portfolio's performance and tweak its asset allocation in response.

And don't forget your emergency fund.

This dedicated account can help you weather a downturn without dipping into your long-term savings.

[The man stares out of his office window]

Talk with a Mutual of Omaha Advisor to help put your retirement plans back on track.

[The Mutual of Omaha Advisors logo appears]

You may not be as off-course as you think.