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BY RICHARD CHEW
It’s Time to Lock In Your Stock Market Gains
une means a lot of
things; Father’s Day,
graduations and
vacations. In Chicago, we finally have consistently warm weather, the true beginning of summer and yes…lots of travel.
Since the beginning of the year the financial markets have certainly been traveling up, down, and all around. This month I want you to consider protecting some of your money by locking in your stock market gains. I will share some of the tools you can use to enhance your financial lifestyle this month.
At the end of 2021 American markets had been enjoying a strong stock market rally, with some markets posting double-digit increases. It is the nature of the markets to rise and fall. So, if you are approaching retirement, this might be the time to begin to lock in your stock market gains. If you’re wondering why, think about it. Many Americans will be relying on their portfolio money for retirement income once they leave the workplace. It may be to pay for spending quality time on the greens, sailing, horseback riding, getting away on vacation, or whatever their preferred retirement activities may be.
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