From 24/7 Wall St. · Ryne Mauck · · 1m 40s
Laid Off at 61 With Four Years Until Retirement
Three ETFs help retirees avoid selling stocks during market downturns.
In brief
Three ETFs help retirees avoid selling stocks during market downturns. Retirees laid off at 61 with four years until retirement can use three ETFs to avoid locking in losses during market downturns. Originally reported by 24/7 Wall St..
Laid Off at 61
Being laid off at 61 means every stock you sell in a down market locks in a loss you may never recover from.
Three ETFs Bridge the Gap
The Schwab Short-Term U.S. Treasury ETF, the iShares Floating Rate Bond ETF, and the Schwab U.S. Large-Cap Value ETF give you a spending reserve, cash alternative, and measured stock stake.
Your Biggest Risk Right Now
Initial jobless claims came in at 197,000 for the week ending September 26, below the 200,000 line that points to a strong labor market.
SCHO Holds Cash You Will Spend First
SCHO tracks U.S. government debt maturing within three years with $13 billion in net assets and pays monthly at 3.8% yield.
FLOT Pays More When Rates Stay High
FLOT tracks floating rate bonds that reset with short-term rates, paying 4.3% yield monthly with $10.3 billion in net assets.
SCHV Keeps You Positioned for Recovery
SCHV holds established companies with a 17.88% annual return but slipped 2.49% in the past month.
Trade-Offs to Weigh
SCHO’s price can fall when rates jump, FLOT’s income drops when the Fed cuts, and SCHV can fall sharply in a bear market.
Why This Mix Fits Four-Year Bridge
With four years to cover at 61, SCHO holds cash first, FLOT earns income next, and SCHV keeps long-term investments for recovery.
The bottom line
Retirees laid off at 61 with four years until retirement can use three ETFs to avoid locking in losses during market downturns.
