Last year was terrible for stocks, with the Dow, S&P and tech-heavy Nasdaq all posting double-digit losses. And that showed up in retirement accounts.

According to Fidelity, In the third quarter of 2022, 401(k) balances were 23 percent lower than the year before.

That's a lot of loss.

This makes for stressful savers, especially those nearing retirement. So, what's an investor to do?

Let's find out.

In this week's podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week, we're joined by Robert Gilliland, the managing director and senior wealth advisor with Concenture Wealth Management. He's going to help us navigate our retirement accounts during a bear market.

Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.

You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
Listen on Apple Podcasts
Listen on Google Podcasts
Listen on Spotify

Don't forget to check out our podcast page for more episodes designed to help you make the most of your money and our YouTube page for more videos.

Watch the YouTube version of this episode: https://youtu.be/L1pl3i8yduw

Also, don't forget to check out our podcast sponsor, Tellus for the opportunity to supercharge your savings with an account backed by real estate. Use the code MONEYTALK and get 6.00% APY for 7 days with a $125 minimum deposit.

Is your retirement in trouble?

For many Americans, their only exposure to the stock market is what's in their 401(k)s. This can feel extremely frustrating after a year like 2022. However, the good news, Robert points out, is that down years are usually followed by recovery. There might be a setback, but if you don't panic and lock in your losses, chances are that your portfolio will recover.

We'll talk about specific ways you can prepare yourself and your portfolio to avoid a retirement setback during a down stock market.

If you want to learn more about planning for retirement, check out these additional resources from Money Talks News:
10 Ways the New Retirement Law Helps Savers of All Ages
Retirement, Real Estate and I Bonds: We Answer Your Questions
What Happens If I Really Do Run Out of Money in Retirement?
11 Retirement Funding Goals Everyone Ought to Hit by Age 50
13 Bad Investments for Your Retirement
5 Fast Ways to Turbocharge Your Retirement Savings
Health Savings Accounts and Why They Are Great for Retirement
Is a Bond Ladder Strategy Right for Your Retirement?
Is a Retirement Bucket Strategy Right for You?
The Pros and Cons of Dividend Stocks for Retirement Savings

Worried about what's next for the stock market?

Even if you stay the course and aren't worried about your retirement, you might still be nervous about the stock market and a coming recession. We look at what we think might be on the way and what you can do about it.

(Check out our podcast episode recapping the biggest financial stories of 2022—and how they might impact your pocketbook.)

Don't forget to check out the Money Talks News Solutions Center, where you can find links to high-yield bank accounts, financial advisors and other helpful tools for making the most of your money. Make sure you check out our other great articles and podcast episodes on making the most of your investments, no matter what's happening in the markets.
Where Stocks Are Going in 2023 and Where You Should Invest Now
How to Prepare Your Savings for a Recession
3 Ways Recessions Can Make You Rich
Stocks Are Tanking: What You Need to Know Now
How to Invest When Both Stocks and Bonds Are Falling
7 of the Best Ways to Invest That Don't Involve Stocks
7 of the Best Dividend Stocks to Help Fund Your Retirement
How to Pick Winning Stocks, Step by Step
7 Things You Should Know Before Investing in I Bonds
15 Money Moves for a Richer New Year

Meet this week's guest, Robert Gilliland

Robert G. Gilliland CRPC®, CEPA®, is the managing director and senior wealth advisor of Concenture Wealth Management and has more than 25 years of experience serving residents in the Houston area.

Throughout his career, Gilliland has developed extensive money management and leadership expertise. While attending Stephen F. Austin State University, he ran a franchise of restaurants where he learned valuable organizational, interpersonal and time management skills. This experience would serve him well as he accepted a job at Merrill Lynch after graduation and would hold various leadership roles, including Sales Manager, Resident Director, and later, a member of the Advisory Council to Management. With a strong desire to serve local residents without the constraints of corporate mandates and to offer a wider variety of products and solutions to help them better achieve their financial goals, Gilliland founded his own independent financial advisory firm, Concenture Wealth Management.

Gilliland is an investment advisor representative (IAR) who holds both the Chartered Retirement Planning Counselor (CRPC®)and the Certified Exit Planning Advisor (CEPA®) designations. He has been named to Forbes "Best-in-State Wealth Advisors" list in both 2019 and 2020.

Outside of the office, Gilliland is an avid hunter and fisherman. He serves on several boards and foundations, including the Board of Trustees for Northland Christian School in Houston and volunteering at Warrior's Weekend, an annual outdoor community event supporting combat veterans.
Website

Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Last year was terrible for stocks, with the Dow, S&amp;P and tech-heavy Nasdaq all posting double-digit losses. And that showed up in retirement accounts.
According to Fidelity, In the third quarter of 2022, 401(k) balances were <a href="https://www.businesswire.com/news/home/20221117005107/en/Fidelity%C2%AE-Q3-2022-Retirement-Analysis-Despite-Continued-Volatility-Retirement-Fundamentals-Remain-Sound">23 percent lower than the year before.</a>
That's a lot of loss.
This makes for stressful savers, especially those nearing retirement. So, what's an investor to do?
Let's find out.
In this week's podcast, host <a href="https://www.moneytalksnews.com/author/stacy/">Stacy Johnson</a> is joined by financial journalist <a href="https://www.moneytalksnews.com/author/mirandamarquit/">Miranda Marquit</a>. Listening in and sometimes contributing is producer <a href="https://www.moneytalksnews.com/author/aaronfreeman/">Aaron Freeman</a>. This week, we're joined by <a href="https://www.concenturewealth.com/our_team">Robert Gilliland, the managing director and senior wealth advisor with Concenture Wealth Management</a>. He's going to help us navigate our retirement accounts during a bear market.
Remember, even though we sometimes talk about money and specific investments on this show, don't take them as recommendations. Before investing in anything or making any other money moves, do your own research and make your own decisions.
You can watch this episode below, or if you'd prefer to listen, you can do that with the player at the top of this article or download the episode wherever you get your podcasts:
<ul>
<li>Listen on <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple Podcasts</a></li>
<li>Listen on <a href="https://www.google.com/podcasts?feed=aHR0cHM6Ly9hcGkucG9kY2FjaGUubmV0L3Nob3dzL2ViYzg4ZWYxLTczYmUtNDU4MC1hYmFiLTQ4M2FkYjQ0ZDA5Yy9mZWVk">Google Podcasts</a></li>
<li>Listen on <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a></li>
</ul>
Don't forget to <a href="https://www.moneytalksnews.com/podcasts/">check out our podcast page</a> for more episodes designed to help you make the most of your money and <a href="https://www.youtube.com/@moneytalksnews">our YouTube page</a> for more videos.
Watch the YouTube version of this episode: <a href="https://youtu.be/L1pl3i8yduw">https://youtu.be/L1pl3i8yduw</a>
Also, don't forget to check out our podcast sponsor, <a href="https://www.tellusapp.com/?irclickid=XOHz2%3A1Z8xyNTWC3QwVU8R2EUkAyQk3dUxXISc0&amp;irgwc=1&amp;irpartnerid=135586">Tellus</a> for the opportunity to supercharge your savings with an account backed by real estate. Use the code MONEYTALK and get 6.00% APY for 7 days with a $125 minimum deposit.
Is your retirement in trouble?
For many Americans, their only exposure to the stock market is what's in their 401(k)s. This can feel extremely frustrating after a year like 2022. However, the good news, Robert points out, is that down years are usually followed by recovery. There might be a setback, but if you don't panic and lock in your losses, chances are that your portfolio will recover.
We'll talk about specific ways you can prepare yourself and your portfolio to avoid a retirement setback during a down stock market.
If you want to learn more about planning for retirement, check out these additional resources from Money Talks News:
<ul>
<li><a href="https://www.moneytalksnews.com/slideshows/retirement-bill-would-help-savers-of-all-ages/">10 Ways the New Retirement Law Helps Savers of All Ages</a></li>
<li><a href="https://www.moneytalksnews.com/retirement-real-estate-and-i-bonds-we-answer-your-questions/">Retirement, Real Estate and I Bonds: We Answer Your Questions</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/what-happens-if-i-really-do-run-out-of-money-in-retirement/">What Happens If I Really Do Run Out of Money in Retirement?</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/11-retirement-funding-goals-that-everyone-should-hit-by-age-50/">11 Retirement Funding Goals Everyone Ought to Hit by Age 50</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/bad-investments-for-your-retirement/">13 Bad Investments for Your Retirement</a></li>
<li><a href="https://www.moneytalksnews.com/5-fast-ways-to-turbocharge-your-retirement-savings/">5 Fast Ways to Turbocharge Your Retirement Savings</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/health-savings-accounts-and-why-they-are-great-for-retirement/">Health Savings Accounts and Why They Are Great for Retirement</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/is-a-bond-ladder-strategy-right-for-your-retirement/">Is a Bond Ladder Strategy Right for Your Retirement?</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/is-a-retirement-bucket-strategy-right-for-you/">Is a Retirement Bucket Strategy Right for You?</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/the-pros-and-cons-of-dividend-stocks-for-retirement-savings/">The Pros and Cons of Dividend Stocks for Retirement Savings</a></li>
</ul>
Worried about what's next for the stock market?
Even if you stay the course and aren't worried about your retirement, you might still be nervous about the stock market and a coming recession. We look at what we think might be on the way and what you can do about it.
(Check out <a href="https://www.moneytalksnews.com/top-financial-stories-of-2022-crypto-student-loan-forgiveness-inflation-and-more/">our podcast episode recapping the biggest financial stories of 2022</a>—and how they might impact your pocketbook.)
Don't forget to check out the <a href="https://www.moneytalksnews.com/solutions/">Money Talks News Solutions Center</a>, where you can find links to high-yield bank accounts, financial advisors and other helpful tools for making the most of your money. Make sure you check out our other great articles and podcast episodes on making the most of your investments, no matter what's happening in the markets.
<ul>
<li><a href="https://www.moneytalksnews.com/where-stocks-are-going-in-2023-and-where-you-should-invest-now/">Where Stocks Are Going in 2023 and Where You Should Invest Now</a></li>
<li><a href="https://www.moneytalksnews.com/how-to-prepare-your-savings-for-a-recession/">How to Prepare Your Savings for a Recession</a></li>
<li><a href="https://www.moneytalksnews.com/3-ways-recessions-can-make-you-rich/">3 Ways Recessions Can Make You Rich</a></li>
<li><a href="https://www.moneytalksnews.com/stocks-are-tanking-what-you-need-to-know-now/">Stocks Are Tanking: What You Need to Know Now</a></li>
<li><a href="https://www.moneytalksnews.com/how-to-invest-when-both-stocks-and-bonds-are-falling/">How to Invest When Both Stocks and Bonds Are Falling</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/the-best-ways-to-invest-that-dont-involve-stocks/">7 of the Best Ways to Invest That Don't Involve Stocks</a></li>
<li><a href="https://www.moneytalksnews.com/slideshows/the-best-dividend-stocks-for-retirement/">7 of the Best Dividend Stocks to Help Fund Your Retirement</a></li>
<li><a href="https://www.moneytalksnews.com/how-to-pick-winning-stocks-step-by-step/">How to Pick Winning Stocks, Step by Step</a></li>
<li><a href="https://www.moneytalksnews.com/7-things-you-should-know-before-investing-in-i-bonds/">7 Things You Should Know Before Investing in I Bonds</a></li>
<li><a href="https://www.moneytalksnews.com/money-moves-for-a-richer-new-year/">15 Money Moves for a Richer New Year</a></li>
</ul>
Meet this week's guest, Robert Gilliland
Robert G. Gilliland CRPC®, CEPA®, is the managing director and senior wealth advisor of Concenture Wealth Management and has more than 25 years of experience serving residents in the Houston area.
Throughout his career, Gilliland has developed extensive money management and leadership expertise. While attending Stephen F. Austin State University, he ran a franchise of restaurants where he learned valuable organizational, interpersonal and time management skills. This experience would serve him well as he accepted a job at Merrill Lynch after graduation and would hold various leadership roles, including Sales Manager, Resident Director, and later, a member of the Advisory Council to Management. With a strong desire to serve local residents without the constraints of corporate mandates and to offer a wider variety of products and solutions to help them better achieve their financial goals, Gilliland founded his own independent financial advisory firm, Concenture Wealth Management.
Gilliland is an investment advisor representative (IAR) who holds both the Chartered Retirement Planning Counselor (CRPC®)and the Certified Exit Planning Advisor (CEPA®) designations. He has been named to Forbes "Best-in-State Wealth Advisors" list in both 2019 and 2020.
Outside of the office, Gilliland is an avid hunter and fisherman. He serves on several boards and foundations, including the Board of Trustees for Northland Christian School in Houston and volunteering at Warrior's Weekend, an annual outdoor community event supporting combat veterans.
<ul>
<li><a href="https://www.concenturewealth.com/">Website</a></li>
</ul>
Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts <a href="https://www.moneytalksnews.com/podcasts/">here</a> or download them to your phone from any number of places, including <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple</a>, <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a>, <a href="https://radiopublic.com/money-6rRgm9">RadioPublic</a>, <a href="https://www.stitcher.com/podcast/money-talks-news/money-104">Stitcher</a> and <a href="https://api.podcache.net/shows/ebc88ef1-73be-4580-abab-483adb44d09c/feed">RSS</a>.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

Did Your Retirement Nest Egg Shrink Last Year? 5 Things to Do Now

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Transcript

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