A financial shock could wreck retirees’ or pre-retirees’ finances: Here’s how to be ready

Reuters

Investors shelter from twin declines in U.S. stocks, bonds

Side-by-side declines in U.S. equity and fixed income markets are pushing investors into cash, commodities and dividend-paying stocks as geopolitical uncertainty and worries over a hawkish Federal Reserve rock asset prices. With the first quarter of 2022 winding down, the S&P 500 is down around 5% year-to-date, after falling as much as 12.5% earlier in the year. The ICE BofA Treasury Index, meanwhile, was recently down 5.6% this year, its worst start in history.