The market, represented by the S&P 500 Index, has just dropped by 20%. Your client Ruby comes to you and asks how this will affect her retirement 30 years from now. What do you tell her? Another client, Chen, is only two years away from retirement. How would your conversation with Chen be different? How will you work with Ruby throughout her working life to minimize the impact if this scenario were to occur closer to her retirement

Answer rating: 100% (QA)

Answer For Ruby who is 30 years away from retirement I would explain to Ruby that while market fluctuations are common especially over long periods he... View the full answer