Are You Concerned about Market Volatility?
We understand the current market situation is unsettling. We want to assure you that we at PSRS/PEERS remain committed to providing you a financially stable retirement. The three key reasons you can feel secure in your PSRS/PEERS retirement are:
- We are a long-term investor. In uncertain times, a long-term strategy helps investors avoid costly selloffs. Long-term investors who stick to their strategy find themselves in a good position to benefit when the market rebounds.
- We have built a diversified portfolio. Diversification is about spreading out risk. Simply put, we don’t want all our eggs in one basket. Our portfolio is diversified across assets, industries, geography, and timeframes. When paired with a long-term strategy, diversification tends to bring steadier returns — the highs aren’t as high, and the lows aren’t as low.
- We will continue with our tried-and-true strategy. Although we could not predict this specific downturn, we’ve always known downturns will come. As always, we will continue to closely monitor our investments and make well-thought-out adjustments, focused on the long-term and diversification. We have weathered previous downturns, and we remain committed to providing you financial security in retirement.
One more important point to keep in mind: Your PSRS/PEERS membership is a defined benefit retirement plan, which means it will provide a fixed monthly income for life. This is different from a 401(k), 457(b), or IRA, which are defined contribution retirement plans. With these other plans, how much benefit you receive in retirement — and for how long — depends on how much is in your personal retirement account. This is not the case for your PSRS/PEERS membership. With PSRS/PEERS, you have the security of a guaranteed retirement benefit for life.