We Exited the Stock Market the Day Before the Pandemic Was Declared
On March 10, we advised our clients at Retirement Planners of America to get out of all equities. On March 11, the World Health Organization (WHO) officially declared the COVID-19 outbreak a global pandemic. How did we know the announcement that triggered an economic fallout like we have not seen since the Great Depression would come that day, and weeks before states issued stay-at-home orders?
As our name suggests, we work primarily with people who are retired or retiring soon. Our two primary goals for our clients are to make sure their money lasts as long as they do, and to provide them with financial peace of mind. We believe that protecting principal is key to both of those goals, so we employ a strategy
