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Commentary By Allison Schrager

How Are Those Retirement Plans Going Now?

The economy keeps getting more volatile, but it's not all bad. You just may need a different attitude about working in your golden years.

Even before Russia invaded Ukraine the economy felt pretty dicey.  There was inflation, a weird post-pandemic job market, and the prospect of a more hawkish Fed.  Now markets are even more volatile as sanctions roil the global outlook. For anyone counting the days until retirement, it's been a harrowing ride.

Plans you made in December to retire this year may not look so good now. Your nest egg has taken a big hit if you're invested in the stock markets, with the S&P 500 down almost 9% in the last two months. So what should you do? Should you just wait a few more months to see what happens, start looking for a new job or hold on to the one you have a little longer?

Continue reading the entire piece here at Bloomberg Opinion (paywall)


Allison Schrager is a senior fellow at the Manhattan Institute and a contributing editor of City Journal.

This piece originally appeared in Bloomberg Opinion