The stock market responded positively to the temporary tariff cuts between the U.S. and China, allowing investors, particularly near-retirees, to reassess their portfolios. After a rough month in April marked by significant declines, this recovery invites those approaching retirement to rebalance and diversify their investments. With the S&P 500 returning to its previous levels, a timely strategy can help mitigate risks for their financial future. Investors are advised to act swiftly to capitalize on this rally.
If you're nearing retirement, now's an especially good time to make some strategic portfolio moves.
If you're too heavily invested in any specific company or segment of the market, you're doing your retirement portfolio a disservice.
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