Retirees Face a Whirlwind Market. What Advisors Say They Should Do.

Given market conditions, retirees can be forgiven if they feel that investing right now is akin to running with scissors.

Risks and uncertainties abound: spiking inflation, Federal Reserve rate hikes to combat rising prices, a war in Ukraine, supply-chain snafus, and more. Markets have dropped—and then tumbled further. The Dow Jones Industrial Average is down about 12% year to date, while the S&P 500 has fallen 17%, and the Nasdaq has tumbled 26% so far this year. The price of Bitcoin has been halved since its peak of about $69,000 in November.