{"id":526658,"date":"2022-12-14T08:37:00","date_gmt":"2022-12-14T05:37:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/5-ways-retirees-and-savers-can-navigate-2023\/"},"modified":"2022-12-14T08:37:00","modified_gmt":"2022-12-14T05:37:00","slug":"5-ways-retirees-and-savers-can-navigate-2023","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/5-ways-retirees-and-savers-can-navigate-2023\/","title":{"rendered":"#: 5 ways retirees and savers can navigate 2023"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2f982dab675\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2f982dab675\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/5-ways-retirees-and-savers-can-navigate-2023\/#%E2%80%9C_5_ways_retirees_and_savers_can_navigate_2023%E2%80%9D\" >&#8220;: 5 ways retirees and savers can navigate 2023&#8221;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/5-ways-retirees-and-savers-can-navigate-2023\/#Stay_focused_on_a_long-term_plan_and_%E2%80%98ignore_the_noise\" >Stay focused on a long-term plan and \u2018ignore the noise\u2019<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/5-ways-retirees-and-savers-can-navigate-2023\/#Jessica_Hall\" >Jessica Hall<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C_5_ways_retirees_and_savers_can_navigate_2023%E2%80%9D\"><\/span>&#8220;: 5 ways retirees and savers can navigate 2023&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Stay_focused_on_a_long-term_plan_and_%E2%80%98ignore_the_noise\"><\/span>\n  Stay focused on a long-term plan and \u2018ignore the noise\u2019<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap crawler\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0001473858\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0001473858\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       With 2023 posing challenges such as a potential recession, more market volatility and further interest rate increases, retirees and those saving for retirement may find it safer to stick to the basics and hunker down for another turbulent year.<\/p>\n<p> Here\u2019s five strategies to get through the year.<\/p>\n<p><strong>\u2018Ignore the noise\u2019<\/strong><\/p>\n<div class=\"paywall\">\n       \u201cWith the cross current investors are facing right now \u2013 pending potential recession, inflation, higher interest rates and drop in the markets \u2013 retirees and savers should continue to focus on the long term,\u201d Rob Williams, managing director of financial planning at Charles Schwab. \u201cHave a plan and ignore the noise in the market.\u201d<\/p>\n<p>With the potential recession looming, investors will likely be more emotional, Williams said.<\/p>\n<p>\u201cInvesting is an emotional thing. Retirement is an emotional thing. Saving and investing in your own retirement can be very stressful,\u201d Williams said.<\/p>\n<p>This is the time to stick to your long-term plan that reflects your risk tolerance, said Matt Brancato, chief client officer for the institutional investor group at Vanguard.<\/p>\n<p>\u201cThis coming year is not going to be without challenges. Stay focused on the long-term,\u201d Brancato said.<\/p>\n<p><strong>Read: <\/strong>What\u2019s the best way to take RMDs from your retirement accounts? Experts rate the top 3 strategies.<\/p>\n<p><strong>Safeguard money needed in the next two to four years<\/strong><\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>\u201cThink about how much you\u2019ll need in the next two to four years \u2013 for retirement or a child\u2019s education \u2013 and not be exposed to risk for that amount,\u201d Williams said.\u00a0<\/p>\n<p>Secure that money in safer short-term investment vehicles, such as CDs, high-yield savings accounts, and bond funds.\u00a0<\/p>\n<p><strong>Not sure where to retire? <\/strong>Check out our personalized Where Should I Retire? tool<\/p>\n<p><strong>\u2018Don\u2019t chase fads\u2019<\/strong><\/p>\n<p>\u201cLook at areas that have enduring investment opportunities. Don\u2019t chase fads. That\u2019s just not the path to take. Some firms are looking for the next great thing or free lunch and you want to avoid investment fads and focus on a long-term plan,\u201d said Brancato.<\/p>\n<p>Williams agreed, adding that retirees and savers should \u201ccontribute everything you can into a diversified portfolio. Swinging for the fences on a stock or two \u2013 for most people that doesn\u2019t work out well.\u201d\u00a0<\/p>\n<p><strong>Read: <\/strong>71% of baby boomers say they feel behind in saving for retirement<\/p>\n<p><strong>Start early<\/strong><\/p>\n<p>For those who still have many years before retiring, start saving as soon as possible. Don\u2019t worry about timing the market or finding the perfect investment environment. Just get going.<\/p>\n<p>\u201cHave a plan and start early. Start saving 15% \u2013 start with something \u2013 and start soon. It\u2019s all about time in the market and having a disciplined plan,\u201d said Williams.<\/p>\n<p><strong>Take advantage of potential changes\u00a0<\/strong><\/p>\n<p>Currently, Congress is crafting the final details of what is commonly known as SECURE 2.0, which would be an update to the 2019 measure called Setting Every Community Up for Retirement Enhancement Act.\u00a0<\/p>\n<p>While the exact timing of passage remains unclear, experts seem confident that the retirement reforms will pass by the end of this year, or potentially early next year.\u00a0<\/p>\n<p>Under SECURE 2.0, experts hope to see an increase in the required minimum distribution age to age 75, automatic enrollment of new workers into a retirement plan with the opportunity to opt out, and an increase to catch-up contributions older workers can make to their retirement accounts, among other changes.\u00a0<\/p>\n<p>Once the measure passes, learn what you can do to enhance your retirement savings, catch-up contributions or get started in savings.<\/p>\n<p>\u201cAnything that provides retirement savers the ability to catch up is really important,\u201d Williams said. \u201cEven if it doesn\u2019t pass this year, we\u2019re hopeful that it could pass in the new year. It has very significant bipartisan support to continue savers taking ownership of their own retirements.\u201d<\/p>\n<p><em>Do you have questions about retirement, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security, where to live or how to afford it at all? Write to HelpMeRetire@marketwatch.com and we may use your question in a future story.<\/em><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jessica Hall\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/topics\/journalists\/jessica-hall\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:jessica.hall@marketwatch.com\",\"text\":\"jessica.hall@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jessica_Hall\"><\/span>Jessica Hall<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><ufc-follow-author-widget product=\"marketwatch\" author-id=\"274_MW\" author-name=\"Jessica Hall\" signin-url=\"https:\/\/accounts.marketwatch.com\/login?target=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2F5-ways-retirees-and-savers-can-navigate-2023-11670978142%3Frss%3D1%26siteid%3Drss\" panda-api=\"https:\/\/follow-api.marketwatch.com\"><\/ufc-follow-author-widget><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C06575-04D4-B545-7167-D4206B15C72E%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;: 5 ways retirees and savers can navigate 2023&#8221; Stay focused on a long-term plan and \u2018ignore the noise\u2019 With 2023 posing challenges such as a potential recession, more market volatility and further interest rate increases, retirees and those saving for retirement may find it safer to stick to the basics and hunker down for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":526659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-684413\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-526658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/526658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=526658"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/526658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/526659"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=526658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=526658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=526658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}