Donna Gow should enjoy retirement, but the 68 -year -old Ottawa resident is considering a return to work.
This is because the recent volatility of the stock market caused by the tariff threats of the president of the United States, Donald Trump, has greatly affected his investment portfolio.
Fluctua, but when the independent Tu Consultant verified the last time it fell around $ 172,000. That type of loss means that your plan to retire and spend more time visiting your grandchildren in Europe is now in danger.
“I am still trying to make sure to be self -sufficient in my own income as I aged,” he said. “So I’ve been considering returning to work … and getting another contract for about two or five years.”
She is not the only Canadian retirement age that is suddenly looking forward to the policy of the United States, asking how Trump’s actions could affect her investment portfolio.
‘Restless’ retirees for the stock market
Rudy Buttignol never waited for his role as president of the Canadian Association of withdrawal to involve regular comments on geopolitics. But Buttignol said that it is now regularly listening to its members concerned about how they are being affected by Trump’s commercial war.
“I can tell him that what is happening with the United States is really bothering many people, not only about the possible threats of the current administration of the United States, but also the stock market has really worried people,” he said.
The chaotic imposition of Trump’s rates has cleaned billion dollars from values markets worldwide.
While financial advisors urge their clients to get out of volatility, those who approach the retirement age are among those who may be forced to realize their losses selling actions, Buttignol said.
“It is shocking for everyone; it is more for older people because at this stage of life, they have fewer options,” he said. “This is not the time when you lose a piece, you can return and you have a few decades to rebuild it.”
The anxiety around market volatility has also been exploited by scammers, according to Ottawa police, who said this week that three victims of the province have lost about $ 1.5 million combined in gold in a new version of a “grandparents’ scam.”
Shannon Macdonald, Senior Financial Consultant of IG Wealth Management in Ottawa, advises its clients to reduce their exposure to investment risk as they age.
“When you are approaching retirement, that is probably the most critical moment to make sure you are prepared for market volatility,” he said.
But the strong performance of the stock market in recent years may have left some investors overexposed to shares, he said, which highlights the need to regularly rebalance the portfolios.
Gow said he feels lucky to have the opportunity to return to work.
“If I can get more income, then I can expect this,” he said.
But anxiety remains.
“Because this will be supposed to last until I am in the 90s,” he said. “Now I have a very short window where I can accumulate what has lost for me.”
